KVORUM
aaveSource: Aave governance v3 · #68

ReserveFactorUpdates

executedApr 8, 2024, 09:11 PM UTCby570x57ab…2922

01Summary

AISummary by Kvorumclaude-haiku-4-5

Increase Reserve Factor (RF) by up to 5% for Polygon v2 assets (DAI to 91%, USDC to 93%, USDT to 92%, with assets already at 99.99% unchanged) to reduce deposit yields and encourage migration to Polygon v3, routing more interest to Aave DAO Treasury without affecting user funds or borrowing rates.

Type
parameter change

Key changes

  • DAI Reserve Factor increased to 91.00%(medium)
  • USDC Reserve Factor increased to 93.00%(medium)
  • USDT Reserve Factor increased to 92.00%(medium)
  • Assets at 99.99% RF remain unchanged(low)

Notable concerns

  • Reduced deposit yields for users on Polygon v2 may incentivize migration but could also reduce protocol attractiveness on that chain
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 54 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
DAI91.00%
USDC93.00%
USDT92.00%

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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06Voters

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07Forum

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