Title: [ARFC] Reduce Reserve Factor on wstETH Author: ACI (Aave Chan Initiative) Date: 2024-06-24
Summary
For further alignment with the upcoming Lido Alliance proposals, this proposal will reduce the reserve factor for wstETH to 5%.
Motivation
Aave and Lido have historically seen symbiotic growth, with stETH being one of the premier collaterals on Aave and leveraged staking being one of the most profitable use cases for both Aave DAO and Lido users.
As part of the recently passed TEMP CHECK proposal to create an isolated instance for wstETH borrowers, a number of other parameter changes were proposed to align Lido and Aave.
This proposal implements the agreed reserve factor change for wstETH to 5%.
Specification
On all networks, change wstETH Reserve Factor to 5%.
Disclaimer
The ACI is not presenting this ARFC on behalf of any third party and is not compensated for creating this ARFC.
Next Steps
- If consensus is reached on this [ARFC], escalate this proposal to the Snapshot stage.
- If the ARFC snapshot outcome is YAE, publish an AIP vote for final confirmation and enforcement of the proposal.
Copyright
Copyright and related rights waived via CC0.
Off-Chain Vote
YAE
682.07K AAVE100%
NAY
0.18 AAVE0%
ABSTAIN
81.97 AAVE0%
Discussion
Timeline
Jul 01, 2024Proposal created
Jul 02, 2024Proposal vote started
Jul 05, 2024Proposal vote ended
Feb 12, 2026Proposal updated