diff --git a/src/ArbitrumCapsUpdate_20240502.s.sol b/src/ArbitrumCapsUpdate_20240502.s.sol
new file mode 100644
index 0000000..7f63be6
--- /dev/null
+++ b/src/ArbitrumCapsUpdate_20240502.s.sol
@@ -0,0 +1,34 @@
+// SPDX-License-Identifier: MIT
+pragma solidity ^0.8.0;
+
+import {AaveV3ArbitrumAssets} from 'aave-address-book/AaveV3Arbitrum.sol';
+import {IAaveV3ConfigEngine} from 'aave-helpers/v3-config-engine/IAaveV3ConfigEngine.sol';
+import {CapsPlusRiskStewardArbitrum} from '../scripts/CapsPlusRiskStewardArbitrum.s.sol';
+
+/**
+ * @title Increase Supply and Borrow Cap for weETH on V3 Arbitrum
+ * @author ChaosLabsInc
+ * - Discussion: https://governance.aave.com/t/arfc-chaos-labs-risk-stewards-increase-supply-and-borrow-cap-for-weeth-on-v3-arbitrum-05-02-2024/17560/1
+ */
+contract ArbitrumCapsUpdate_20240502 is CapsPlusRiskStewardArbitrum {
+  /**
+   * @return string name identifier used for the diff
+   */
+  function name() internal pure override returns (string memory) {
+    return 'ArbitrumCapsUpdate_20240502';
+  }
+
+  /**
+   * @return IAaveV3ConfigEngine.CapsUpdate[] capUpdates to be performed
+   */
+  function capsUpdates() internal pure override returns (IAaveV3ConfigEngine.CapsUpdate[] memory) {
+    IAaveV3ConfigEngine.CapsUpdate[] memory capUpdates = new IAaveV3ConfigEngine.CapsUpdate[](1);
+
+    capUpdates[0] = IAaveV3ConfigEngine.CapsUpdate(
+      AaveV3ArbitrumAssets.weETH_UNDERLYING,
+      8_000,
+      800
+    );
+    return capUpdates;
+  }
+}