Concentrated liquidity: complete keeper re-centers in one step
What this does
One call, executed as the Aave manager: raise the RebalanceProxy's per-rebalance band translation cap for the aDOT/HOLLAR concentrated-liquidity vault from 500 to 780 ticks.
Why
The vault's keeper re-centers the liquidity band once price has drifted more than 660 ticks (~6.8%) from the band's midpoint. The on-chain RebalanceProxy independently caps each re-center at 500 ticks — a safety limit on how far any single rebalance may move the band. Because the cap is smaller than the trigger, every re-center since launch has been clamped: the keeper steps 380 ticks toward the target, the remaining drift falls below the trigger, and the band settles permanently off-centre. An off-centre band pairs the vault's tokens at a skewed ratio, pushing inventory into the one-sided limit position instead of the two-sided range — the direct cause of the lopsided liquidity observed in the pool's first week.
Raising the cap to 780 (= the 660-tick trigger plus two tick-spacings of alignment slack) lets any triggered re-center complete in a single step, so the band always lands centred on the time-weighted average price. The cap continues to bind exactly as designed against anything larger: a compromised or faulty keeper still cannot move the band more than ~8.1% per 6-hour interval.
Details
- Target: RebalanceProxy 0x8B7Dd119b7edb85D9cF166129DBec5D88DC78C94, setCustomDiff(0xa206D0959813f17c17C87147271C49065438648A, 780)
- Origin: dispatcher.dispatchAsAaveManager (EconomicParameters track); EVM gas 1,000,000 at max fee 0.6 gwei
- Verified by chopsticks dry-run on a fork of mainnet: execution Succeed, 29,080 gas used, and the proxy's storage slot for the vault's translation cap updated to 780
- Preimage: 0x23362c8032520619b34033cbf2ab857cd32f78e717a437b3d8d68154a45181b0 (190 bytes)
No funds move. The change affects only how far the keeper's next re-center may travel; all other proxy limits (width cap 300, 6h minimum interval) are unchanged.