KVORUM
aaveSource: Aave governance v3 · #1

Polygon V2 Reserve Factor Updates

executedJan 12, 2024, 02:00 AM UTCby570x57ab…2922

01Summary

AISummary by Kvorumclaude-haiku-4-5

This proposal increases Reserve Factors for six assets on Aave's Polygon v2 deployment by 5%, routing more interest to Aave DAO's Treasury while encouraging users to migrate to Polygon v3. User funds remain safe and borrowing rates are unchanged.

Type
parameter change

Key changes

  • DAI Reserve Factor increased from 56.00% to 61.00%(medium)
  • USDC Reserve Factor increased from 58.00% to 63.00%(medium)
  • USDT Reserve Factor increased from 57.00% to 62.00%(medium)
  • wBTC Reserve Factor increased from 90.00% to 95.00%(medium)
  • wETH Reserve Factor increased from 80.00% to 85.00%(medium)
  • MATIC Reserve Factor increased from 76.00% to 81.00%(medium)

Notable concerns

  • Reserve Factor increases reduce deposit yields for Polygon v2 users, which may accelerate migration away from the aging v2 protocol
ContractsAaveV2Polygon
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

221 words

Simple Summary

This AIP is a continuation of AIP-284 and increases the Reserve Factor (RF) for assets on Polygon v2 by 5.00%, up to a maximum of 99.99%.

Motivation

This AIP will reduce deposit yield for assets on Polygon v2 by increasing the RF. With this upgrade being passed, users will be further encouraged to migrate from Polygon v2 to v3.

Increasing the RF routes a larger portion of the interest paid by users to Aave DAO's Treasury. User's funds are not at risk of liquidation and the borrowing rate remains unchanged.

Of the assets with an RF set at 99.99%, there is no change. All other asset reserves will have the RF increased by 5%.

Specification

The following parameters are to be updated as follows:

AssetReserve Factor
DAI61.00%
USDC63.00%
USDT62.00%
wBTC95.00%
wETH85.00%
MATIC81.00%

References

Disclaimer

TokenLogic and karpatkey receive no compensation beyond Aave protocol for the creation of this proposal. TokenLogic and karpatkey are both delegates within the Aave ecosystem.

Copyright

Copyright and related rights waived via CC0.

03Mismatch analysis

AIMismatch analysis by Kvorum

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04Actions

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05Tally

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07Forum

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