Freeze and set LTV to 0 for DPI, BAL, CRV, and SUSHI on Aave v3 Polygon, 2024.01.19
01Summary
Proposal to freeze four low-cap assets (DPI, BAL, CRV, SUSHI) and set their LTV to 0 on Aave v3 Polygon to improve capital efficiency while maintaining asset diversity.
- Type
- parameter change
Key changes
- Freeze DPI (set is_frozen from False to True, LTV from 2,000 to 0)(medium)
- Freeze BAL (set is_frozen from False to True, LTV from 2,000 to 0)(medium)
- Freeze CRV (set is_frozen from False to True, LTV from 3,500 to 0)(medium)
- Freeze SUSHI (set is_frozen from False to True, LTV from 2,000 to 0)(medium)
Notable concerns
- These four assets will no longer be usable as collateral on Aave v3 Polygon, reducing available borrowing capacity for users holding these assets
Generated by Kvorum
02Description
Simple Summary
A proposal to freeze and set LTV to 0 for DPI, BAL, CRV, and SUSHI on Aave v3 Polygon. For more details, see the full forum post here.
Motivation
The primary reason for keeping smaller-cap assets like DPI, BAL, CRV, and SUSHI is to offer a diverse range of assets to Aave. To prioritize capital efficiency, Gauntlet advises freezing these assets and setting their Loan-to-Value (LTV) to 0 on Aave v3 Polygon.
Specification
| Asset | Current LTV | Rec LTV | Current is_frozen | Rec is_frozen |
|---|---|---|---|---|
| DPI | 2,000 | 0 | False | True |
| BAL | 2,000 | 0 | False | True |
| CRV | 3,500 | 0 | False | True |
| SUSHI | 2,000 | 0 | False | True |
References
- Implementation: AaveV3Polygon
- Tests: AaveV3Polygon
- Snapshot
- Snapshot
- Snapshot
- Snapshot
- Discussion
Disclaimer
Gauntlet has not been compensated by any third party for publishing this ARFC.
Copyright
By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.
Copyright and related rights waived via CC0.
03Mismatch analysis
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04Actions
This proposal carries no on-chain actions.
05Tally
Summed from votes
06Voters
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07Forum
No forum thread is confidently linked to this proposal.
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