Reserve Factor Updates - Polygon Aave v2
01Summary
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
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%.
Specification
The following parameters are to be updated as follows:
| Asset | Reserve Factor |
|---|---|
| DAI | 46.00% |
| USDC | 48.00% |
| USDT | 47.00% |
| wBTC | 80.00% |
| wETH | 70.00% |
| MATIC | 66.00% |
| BAL | 57.00% |
References
- Implementation: AaveV2Polygon
- Tests: AaveV2Polygon
- Snapshot: No snapshot for Direct-to-AIP
- Discussion
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 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
04Actions
- Target
- 0x9aee…2bc7
- Value
- 0 wei
- Function
- forwardPayloadForExecution((uint256,uint8,address,uint40))
- Arguments
{ "0": [ "137", "1", "0x401B5D0294E23637c18fcc38b1Bca814CDa2637C", "4" ] }- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 320x329c…3ed4 | For | 116.5K | 24.63% | — | 3y ago |
| 130x13bd…8548 | For | 61.3K | 12.96% | — | 3y ago |
| 230x2331…7e73 | For | 60K | 12.68% | — | 3y ago |
| 2C0x2cc1…4df1 | For | 43.7K | 9.23% | — | 3y ago |
| B90xb933…8dd1 | For | 42.4K | 8.96% | — | 3y ago |
| EA0xea17…6676 | For | 38.8K | 8.20% | — | 3y ago |
| EZezr3al.eth0x8659…7d0e | For | 38K | 8.04% | — | 3y ago |
| 570x57ab…2922 | For | 26.2K | 5.53% | — | 3y ago |
| 870x8787…ea52 | For | 21.1K | 4.46% | — | 3y ago |
| E40xe459…e666 | For | 20K | 4.23% | — | 3y ago |
| 180x1855…98ba | For | 5K | 1.07% | — | 3y ago |
| DF0xdf06…4977 | For | 27.3 | 0.01% | — | 3y ago |
| B00xb056…42a9 | For | 5.9 | 0.00% | — | 3y ago |
| 570x5762…a752 | For | 1 | 0.00% | — | 3y ago |
| 090x0943…6627 | For | 0.2 | 0.00% | — | 3y ago |
| 3D0x3de3…95dd | For | 0.1 | 0.00% | — | 3y ago |
| CD0xcddc…efde | For | 0.1 | 0.00% | — | 3y ago |
| 210x214b…f018 | For | 0.1 | 0.00% | — | 3y ago |
| 590x59b6…817e | For | 0.1 | 0.00% | — | 3y ago |
| FA0xfa52…b9f7 | For | 0.1 | 0.00% | — | 3y ago |
| 3F0x3f36…a5d1 | For | 0 | 0.00% | — | 3y ago |
| 8A0x8a03…7b13 | For | 0 | 0.00% | — | 3y ago |
| E60xe635…1773 | For | 0 | 0.00% | — | 3y ago |
07Forum
No forum thread is confidently linked to this proposal.
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