Gauntlet recommendation for MAI / MIMATIC deprecation phase 2
01Summary
Proposal to deprecate MAI/MIMATIC on Aave Optimism v3 by reducing the Liquidation Threshold (LT) from 65% to 1%, continuing phase 2 of MAI deprecation following its depeg event.
- Type
- parameter change
Key changes
- MAI Liquidation Threshold reduced from 65% to 1% on Aave v3 Optimism(high)
Notable concerns
- MAI previously depegged, requiring this deprecation phase 2
- Significant reduction in collateral value (from 65% to 1% LT) may impact existing MAI positions
Generated by Kvorum
02Description
Simple Summary
A proposal for MAI / MIMATIC deprecation on Aave Optimism v3. For more details, see the full forum post here.
Motivation
As a continuation of our previous MAI/MIMATIC deprecation AIP following MAI's depeg, Gauntlet recommends lowering MAI LT to 1% on Aave v3 Optimism.
Specification
| Asset | Current LT | Gauntlet Rec LT |
|---|---|---|
| MAI | 65% | 1% |
References
- Implementation: AaveV3Optimism
- Tests: AaveV3Optimism
- Snapshot
- Discussion
Disclaimer
Gauntlet has not been compensated by any third party for publishing this ARFC.
Copyright
Copyright and related rights waived via CC0.
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.
03Mismatch analysis
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04Actions
This proposal carries no on-chain actions.
05Tally
Summed from votes
06Voters
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07Forum
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