KVORUM
aaveSource: Aave governance v3 · #41

Reserve Factor Updates (February 29, 2024)

executedMar 5, 2024, 11:40 AM UTCby570x57ab…2922

01Summary

AISummary by Kvorumclaude-haiku-4-5

Increase Reserve Factor for four assets on Polygon v2 by up to 5% (DAI to 81%, USDC to 83%, USDT to 82%, MATIC remains at 99.99%), reducing deposit yields and routing more interest to Aave DAO Treasury to encourage migration to v3.

Type
parameter change

Key changes

  • DAI Reserve Factor increased to 81.00%(medium)
  • USDC Reserve Factor increased to 83.00%(medium)
  • USDT Reserve Factor increased to 82.00%(medium)
  • MATIC Reserve Factor remains at 99.99% (no change)(low)
  • Larger portion of user interest routed to Aave DAO Treasury instead of depositors(medium)

Notable concerns

  • Reduced deposit yields for users on Polygon v2
  • Users encouraged to migrate to Polygon v3
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

185 words

Simple Summary

This AIP is a continuation of proposal 30 on Governance v3 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 up to 5%.

Specification

The following parameters are to be updated as follows:

AssetReserve Factor
DAI81.00%
USDC83.00%
USDT82.00%
MATIC99.99%

References

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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