KVORUM
aaveSource: Aave governor v2 · #408

Polygon V2 Reserve Factor Updates

executedDec 19, 2023, 01:01 AM UTCby570x57ab…2922

01Summary

AISummary by Kvorumclaude-haiku-4-5

Increase Reserve Factor for six assets on Polygon v2 by 5% to encourage migration to v3 and route more interest to Aave DAO Treasury. Assets affected: DAI (56%), USDC (58%), USDT (57%), wBTC (90%), wETH (80%), MATIC (76%). No user funds at risk.

Type
parameter change

Key changes

  • DAI Reserve Factor increased to 56.00%(medium)
  • USDC Reserve Factor increased to 58.00%(medium)
  • USDT Reserve Factor increased to 57.00%(medium)
  • wBTC Reserve Factor increased to 90.00%(high)
  • wETH Reserve Factor increased to 80.00%(high)
  • MATIC Reserve Factor increased to 76.00%(high)

Notable concerns

  • Deposit yields on Polygon v2 will decrease for affected assets
  • Proposal aims to incentivize user migration away 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

212 words

Simple Summary

This AIP is a continuation of AIP 284 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 5%.

Specification

The following parameters are to be updated as follows:

AssetReserve Factor
DAI56.00%
USDC58.00%
USDT57.00%
wBTC90.00%
wETH80.00%
MATIC76.00%

References

Disclaimer

TokenLogic receives no payment for this proposal. TokenLogic is a delegate within the Aave community.

Copyright

Copyright and related rights waived via CC0.

03Mismatch analysis

AIMismatch analysis by Kvorum

A calldata-vs-description analysis is not generated yet. 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",
    "19"
  ]
}
Calldata

05Tally

Summed from votes

Voters12
VP participating536.6K
Outcome (current)For
Current support100%

06Voters

12 total

No votes recorded yet.

07Forum

No forum thread is confidently linked to this proposal.