Reserve Factor Updates - Polygon Aave v2
01Summary
Increases Reserve Factor for 7 assets on Polygon v2 by 5% (or to 99% max), routing more interest to Aave DAO treasury while encouraging migration to Polygon v3. User funds remain safe with unchanged borrowing rates.
- Type
- parameter change
Key changes
- DAI Reserve Factor increased from 46% to 51%(medium)
- USDC Reserve Factor increased from 48% to 53%(medium)
- USDT Reserve Factor increased from 47% to 52%(medium)
- wBTC Reserve Factor increased from 80% to 85%(medium)
- wETH Reserve Factor increased from 70% to 75%(medium)
- MATIC Reserve Factor increased from 66% to 71%(medium)
- BAL Reserve Factor increased from 94% to 99%(medium)
Notable concerns
- Reduced deposit yields on Polygon v2 may accelerate user migration away from the protocol version
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 | 51.00% |
| USDC | 53.00% |
| USDT | 52.00% |
| wBTC | 85.00% |
| wETH | 75.00% |
| MATIC | 71.00% |
| BAL | 99.00% |
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 uses Aave's standard cross-chain governance pattern: the mainnet AIP calldata contains a single forwardPayloadForExecution call that relays execution to a payload contract deployed on Polygon (chain id 137), which is referenced in the proposal's 'Implementation' link as AaveV2Polygon_ReserveFactorUpdatesPolygonAaveV2. This is the normal mechanism for AIPs that modify parameters on L2/sidechain deployments and is not itself a discrepancy — the actual per-asset Reserve Factor updates (DAI 51%, USDC 53%, USDT 52%, wBTC 85%, wETH 75%, MATIC 71%, BAL 99%) are expected to live inside that forwarded payload contract's bytecode, which is not decoded here. Because the on-chain calldata visible to us is only the forwarding call and not the individual setReserveFactor calls, we cannot directly verify each numeric value against the table, but this is consistent with how every similar Aave V2 Polygon parameter-update AIP is structured, and the target payload address matches the linked implementation contract referenced in the description. No target mismatch, value mismatch, or omitted/extra action is evident within the scope of what is decoded. Confidence is set to medium rather than high because the actual reserve factor values are only verifiable by inspecting the forwarded payload contract's source, which is linked but not decoded in the provided calldata.
Generated by Kvorum
04Actions
- Target
- 0x9aee…2bc7
- Value
- 0 wei
- Function
- forwardPayloadForExecution((uint256,uint8,address,uint40))
- Arguments
{ "0": [ "137", "1", "0x401B5D0294E23637c18fcc38b1Bca814CDa2637C", "15" ] }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
No forum thread is confidently linked to this proposal.
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