KVORUM
aaveSource: Aave governor v2 · #367

Reserve Factor Updates - Polygon Aave v2

executedNov 14, 2023, 06:15 AM UTCby320x329c…3ed4

01Summary

AISummary by Kvorumclaude-haiku-4-5

This AIP increases the Reserve Factor (RF) for 7 assets on Polygon v2 by 5%, with RF ranging from 46% to 80%. This reduces deposit yields, encourages migration to Polygon v3, and routes more interest to the Aave DAO Treasury. User funds remain safe and borrowing rates are unchanged.

Type
parameter change

Key changes

  • DAI Reserve Factor increased to 46.00%(medium)
  • USDC Reserve Factor increased to 48.00%(medium)
  • USDT Reserve Factor increased to 47.00%(medium)
  • wBTC Reserve Factor increased to 80.00%(medium)
  • wETH Reserve Factor increased to 70.00%(medium)
  • MATIC Reserve Factor increased to 66.00%(medium)
  • BAL Reserve Factor increased to 57.00%(medium)

Notable concerns

  • Higher Reserve Factors reduce deposit yields for Polygon v2 users
  • Proposal is designed to encourage migration from Polygon v2 to 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

225 words

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%.

Specification

The following parameters are to be updated as follows:

AssetReserve Factor
DAI46.00%
USDC48.00%
USDT47.00%
wBTC80.00%
wETH70.00%
MATIC66.00%
BAL57.00%

References

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

AIMismatch analysis by Kvorummedium confidenceclaude-sonnet-5
Consistent

The proposal describes granular Reserve Factor increases (+5%, capped at 99.99%) for seven specific Polygon v2 assets, referencing an on-chain implementation contract (AaveV2Polygon_ReserveFactorUpdatesPolygonAaveV2) that presumably contains the actual PoolConfigurator calls to set each asset's reserve factor. The only decoded on-chain action available here is a single mainnet call to forwardPayloadForExecution, which is the standard Aave cross-chain governance mechanism used to relay execution of a payload contract to another chain (in this case chain id 137, i.e., Polygon) via a specified executor and target address. This is the expected and routine mechanism for executing Polygon-side parameter changes from an Ethereum mainnet proposal, and it matches the proposal's stated intent to modify Polygon v2 reserve factors. Because the actual reserve-factor-setting calls live inside the forwarded payload contract on Polygon and are not individually decoded in the provided calldata, I cannot verify the exact per-asset percentages match 1:1, but there is no evidence of a target mismatch, omitted major action, or extra claim — the single action is consistent with what the description says will happen (forwarding execution to update Polygon v2 reserve factors). Confidence is medium rather than high because the underlying per-asset values are not directly visible in this decoded action set, so a full numeric verification isn't possible, but nothing here contradicts the description architecturally or in target/purpose.

Generated by Kvorum
model: claude-sonnet-5
provider: anthropic
profile: anthropic-strong-v1
prompt: v1.0
generated: 2mo ago
Review the decoded actions ↗

04Actions

1 total
#0forwardPayloadForExecution((uint256,uint8,address,uint40))chain 0x1
Target
0x9aee…2bc7
Value
0 wei
Function
forwardPayloadForExecution((uint256,uint8,address,uint40))
Arguments
{
  "0": [
    "137",
    "1",
    "0x401B5D0294E23637c18fcc38b1Bca814CDa2637C",
    "4"
  ]
}
Calldata

05Tally

Summed from votes

Voters23
VP participating473K
Outcome (current)For
Current support100%

06Voters

23 total
Filter:
VoterChoice% of totalRationale
320x329c…3ed4For116.5K24.63%—3y ago
130x13bd…8548For61.3K12.96%—3y ago
230x2331…7e73For60K12.68%—3y ago
2C0x2cc1…4df1For43.7K9.23%—3y ago
B90xb933…8dd1For42.4K8.96%—3y ago
EA0xea17…6676For38.8K8.20%—3y ago
EZezr3al.eth0x8659…7d0eFor38K8.04%—3y ago
570x57ab…2922For26.2K5.53%—3y ago
870x8787…ea52For21.1K4.46%—3y ago
E40xe459…e666For20K4.23%—3y ago
180x1855…98baFor5K1.07%—3y ago
DF0xdf06…4977For27.30.01%—3y ago
B00xb056…42a9For5.90.00%—3y ago
570x5762…a752For10.00%—3y ago
090x0943…6627For0.20.00%—3y ago
3D0x3de3…95ddFor0.10.00%—3y ago
CD0xcddc…efdeFor0.10.00%—3y ago
210x214b…f018For0.10.00%—3y ago
590x59b6…817eFor0.10.00%—3y ago
FA0xfa52…b9f7For0.10.00%—3y ago
3F0x3f36…a5d1For00.00%—3y ago
8A0x8a03…7b13For00.00%—3y ago
E60xe635…1773For00.00%—3y ago
Showing 23

07Forum

No forum thread is confidently linked to this proposal.