[AAVE] StablecoinIRUpdates
Simple Summary
A proposal to increase stablecoin Interest Rate parameters across all Aave deployments.
Motivation
To adapt to the current market conditions and optimize the utilization of stablecoins on Aave, we propose to update the Interest Rate parameters of stablecoins across all Aave deployments.
This will help to maintain the competitiveness of Aave's stablecoin markets and ensure that the interest rates are aligned with the market conditions.
This will also increase Aave DAO revenue by increasing the utilization of stablecoins and cost of borrowing them.
Specification
This AIP update the Slope1 parameters of Aave stablecoins to 12% Bridged USDC is raised to 13% to enable native USDC a competitive advantage. It also increase the uOptimal parameter of DAI, USDC & USDT assets to 92% on Aave V3 Ethereum.
References
- Implementation: AaveV2Ethereum, AaveV2Polygon, AaveV2Avalanche, AaveV3Ethereum, AaveV3Polygon, AaveV3Avalanche, AaveV3Optimism, AaveV3Arbitrum, AaveV3Base, AaveV3Gnosis, AaveV3Scroll, AaveV3BNB
- Tests: AaveV2Ethereum, AaveV2Polygon, AaveV2Avalanche, AaveV3Ethereum, AaveV3Polygon, AaveV3Avalanche, AaveV3Optimism, AaveV3Arbitrum, AaveV3Base, AaveV3Gnosis, AaveV3Scroll, AaveV3BNB
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
Off-Chain Vote
YAE
11 HVAXVC100%
NAY
0 HVAXVC0%
Discussion
Timeline
Apr 05, 2024Proposal created
Apr 06, 2024Proposal vote started
Apr 08, 2024Proposal vote ended
Apr 03, 2026Proposal updated