Reserve Factor Updates - Polygon Aave v2
01Summary
Increases Reserve Factor by 5% for seven assets on Polygon v2 to redirect more interest to Aave DAO Treasury and encourage migration to v3. User funds remain safe with no liquidation risk.
- Type
- parameter change
Key changes
- DAI Reserve Factor increased from 31% to 36%(medium)
- USDC Reserve Factor increased from 33% to 38%(medium)
- USDT Reserve Factor increased from 32% to 37%(medium)
- wBTC Reserve Factor increased from 65% to 70%(medium)
- wETH Reserve Factor increased from 55% to 60%(medium)
- MATIC Reserve Factor increased from 51% to 56%(medium)
- BAL Reserve Factor increased from 42% to 47%(medium)
- Assets already at 99.99% Reserve Factor remain unchanged(low)
Notable concerns
- Reserve Factor changes reduce deposit yields on Polygon v2, which may accelerate user migration but could also reduce competitiveness of affected assets on Polygon v2
Generated by Kvorum
02Description
Simple Summary
This AIP is a continuation of AIP 284 and increases the Reserve Factor (RF) for assets on Polygon v2 by 5%, 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 5%.
The next AIP will be submitted during the first week of October.
Specification
The following parameters are to be updated as follows:
| Asset | Reserve Factor |
|---|---|
| DAI | 36.00% |
| USDC | 38.00% |
| USDT | 37.00% |
| wBTC | 70.00% |
| wETH | 60.00% |
| MATIC | 56.00% |
| BAL | 47.00% |
Implementation
A list of relevant links like for this proposal:
The proposal Payload was reviewed by Bored Ghost Developing.
Disclaimer
The author, TokenLogic, receives no payment from anyone, including Aave DAO, for this proposal. TokenLogic is a delegate within the Aave community.
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
The description details specific Reserve Factor increases for seven Polygon v2 assets, referencing a payload contract at address 0x2120570b9ADD275864830B173BdAF50b0f4e748a as the 'Deployed Contracts' link. The single decoded on-chain action is a generic execute(address) call to the standard Aave governance executor, passing exactly that same payload address as its argument. This matches the standard Aave governance pattern where the proposal action only triggers execution of a pre-deployed, audited payload contract; the granular per-asset parameter changes are not directly visible in the top-level calldata because they occur inside the payload's own logic, which is not further decoded here. Since the target address in the calldata matches the payload address referenced in the description, there is no target mismatch, and no other actions are omitted or added at this level. However, because the actual numeric Reserve Factor changes (36%, 38%, 37%, 70%, 60%, 56%, 47%) cannot be independently verified from the single decoded execute() call, confidence in fully validating the specific values is low. This is a common and expected limitation for Aave payload-based proposals, not evidence of a discrepancy, so no discrepancy is flagged, but confidence is marked low rather than high.` ,
Generated by Kvorum
04Actions
- Target
- 0x158a…d45b
- Value
- 0 wei
- Function
- execute(address)
- Arguments
{ "0": "0x2120570b9ADD275864830B173BdAF50b0f4e748a" }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
No forum thread is confidently linked to this proposal.
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