Asset Parameters Optimization
01Summary
This proposal optimizes Aave protocol parameters across Ethereum, Polygon, and Celo by increasing Reserve Factors for stablecoins from 10% to 20% (directing more interest to Aave DAO Treasury) and reducing Optimal Utilization to 45% for CRV, BAL, and SNX assets while adjusting their interest rate curves to better reflect market dynamics.
- Type
- parameter change
Key changes
- Increase Reserve Factor for crvUSD, RLUSD, USDtb on Ethereum Core, and USDT on Celo from 10% to 20%(medium)
- Decrease Optimal Utilization for CRV from 70% to 45% on Ethereum Core and Polygon(medium)
- Decrease Optimal Utilization for SNX from 80% to 45% on Ethereum Core(medium)
- Decrease Optimal Utilization for BAL from 80% to 45% on Ethereum Core and Polygon(medium)
- Adjust interest rate curve parameters (Base, Slope 1, Slope 2) for CRV, SNX, BAL, and RLUSD across deployments(medium)
Generated by Kvorum
02Description
Simple Summary
This proposal aims to optimize parameters of certain assets across networks where it is supported.
Motivation
This proposal aims to optimize the Reserver Factor of various stables and also optimize the Optimal Utilization of various assets to better reflect the market mechanisms.
The key changes include:
- Adjusting Reserve Factor (RF) of various stables from 10% to 20%: increasing the RF routes a larger portion of the interest paid by users to Aave DAO’s Treasury. This does not impact users’ health factor directly while providing better cushion for assets at low utilization.
- Adjusting Optimal Utilization (Uoptimal) of various assets to 45%: We recommend to decrease Uoptimal of CRV, BAL and SNX to 45%, to better reflect the borrow and supply dynamism for these assets.
Specification
| Market | Asset | Current RF | Rec. RF |
|---|---|---|---|
| Ethereum Core | crvUSD | 10% | 20% |
| Ethereum Core | RLUSD | 10% | 20% |
| Ethereum Core | USDtb | 10% | 20% |
| Celo | USDT | 10% | 20% |
| Deployment | Asset | Current UOptimal | Rec. UOptimal | Current Base | Rec. Base | Current Slope 1 | Rec. Slope 1 | Current Slope 2 | Rec. Slope 2 |
|---|---|---|---|---|---|---|---|---|---|
| Ethereum Core | CRV | 70% | 45% | 3% | - | 14% | 10% | 300% | 150% |
| Ethereum Core | SNX | 80% | 45% | 3% | - | 15% | - | 100% | 150% |
| Ethereum Core | BAL | 80% | 45% | 5% | - | 22% | 15% | 150% | - |
| Ethereum Core | RLUSD | 80% | - | 0% | 4% | 6.5% | 2.5% | 50% | - |
| Polygon | CRV | 70% | 45% | 3% | - | 14% | 10% | 300% | 150% |
| Polygon | BAL | 80% | 45% | 5% | - | 22% | 15% | 150% | - |
References
- Implementation: AaveV3Ethereum, AaveV3Polygon, AaveV3Celo
- Tests: AaveV3Ethereum, AaveV3Polygon, AaveV3Celo
- Snapshot: Direct-to-AIP
- Discussion
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
A calldata-vs-description analysis is not generated yet. Review the decoded actions →
04Actions
- Target
- 0x40a0…567b
- Value
- 0 wei
- Function
- fallback()
- Arguments
{}- Calldata
05Tally
Summed from votes
06Voters
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07Forum
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