[AAVE] Fix USDS Borrow Rate to Match Sky Savings Rate
Simple Summary
Proposal to update the USDS Slope1 to .75%
Motivation
While the latest AIP for USDS borrow rate has the intended effect of disincentivizing USDS borrows and looping on Main instance, the current slope1 is too aggressive compared to other stables. A new AIP to address the unnecessarily high borrow rate for USDS has been created with an updated slope1 at 0.75%.
Specification
USDS Slope1 will be adjusted as follows
New Slope1 .75% All other parameters remain unchanged.
References
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
Off-Chain Vote
YAE
11 HVAXVC100%
NAY
0 HVAXVC0%
Timeline
Oct 25, 2024Proposal created
Oct 26, 2024Proposal vote started
Oct 28, 2024Proposal vote ended
Mar 26, 2026Proposal updated