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Aave · closed proposal

# Polygon V2 Reserve Factor Updates

0x57ab…2922·ended 57y ago·MEDIUM RISK
Voters
12
AAVE voted
536550515284866.00B
≈$33453924628011396.00B
Token price
$62.35

AI summary

This proposal seeks to increase the Reserve Factor (RF) for several assets on Aave's Polygon v2 platform by 5%. The Reserve Factor determines the percentage of interest paid by borrowers that goes to the Aave DAO treasury, rather than to depositors. This change is a continuation of a previous proposal and aims to encourage users to migrate their assets from the older Polygon v2 to the newer Polygon v3 platform.

Impact

If this proposal passes, depositors on Polygon v2 will see a reduction in their deposit yields, as a larger portion of the interest paid by borrowers will be directed to the Aave DAO treasury. The Aave DAO treasury will benefit from increased revenue. Borrowing rates and user funds are not at risk.

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Voting results

For536550515284866.00B (100.0%)
Against0 (0.0%)
Abstain0 (0.0%)
536550515284866.00B AAVE · ≈$33453924628011396.00B · 12 votersblock 2023-12-15T08:04:59Z

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Aave

Polygon V2 Reserve Factor Updates


title: "Polygon V2 Reserve Factor Updates" author: "TokenLogic" discussions: "https://governance.aave.com/t/arfc-reserve-factor-updates-polygon-aave-v2/13937"

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…

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