KVORUM
aaveSource: Aave governance v3 · #54

Reserve Factor Updates (March 13, 2024)

executedMar 25, 2024, 12:27 PM UTCby570x57ab…2922

01Summary

AISummary by Kvorumclaude-haiku-4-5

Increase Reserve Factor (RF) for DAI, USDC, and USDT on Polygon v2 by up to 5% to encourage migration to v3 and increase Treasury revenue. DAI to 86%, USDC to 88%, USDT to 87%.

Type
parameter change

Key changes

  • DAI Reserve Factor increased to 86.00%(medium)
  • USDC Reserve Factor increased to 88.00%(medium)
  • USDT Reserve Factor increased to 87.00%(medium)
  • Larger portion of interest routed to Aave DAO Treasury(medium)

Notable concerns

  • Reduction in deposit yield for users on Polygon v2
  • Migration incentive may indicate preference for v3 over v2 maintenance
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

180 words

Simple Summary

This AIP is a continuation of proposal 41 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
DAI86.00%
USDC88.00%
USDT87.00%

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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