[AAVE] Ethereum v2 Reserve Factor Adjustment
Simple Summary
This AIP is a continuation of proposal 49 on Governance v3 and increases the Reserve Factor (RF) for assets on Ethereum v2 by 5.00%, up to a maximum of 99.99%.
Motivation
This AIP will reduce deposit yield for assets on Ethereum v2 by increasing the RF. With this upgrade being passed, users will be further encouraged to migrate from Ethereum 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 up to 5%.
Specification
The following parameters are to be updated as follows:
| Asset | Previous Reserve Factor | New Reserve Factor | |
| -- |
|---|
| DAI |
| FRAX |
| GUSD |
| LINK |
| LUSD |
| sUSD |
| USDC |
| USDP |
| USDT |
| WBTC |
| WETH |
References
- Implementation: AaveV2Ethereum
- Tests: AaveV2Ethereum
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
Off-Chain Vote
YAE
13 HVAXVC100%
NAY
0 HVAXVC0%
Timeline
Mar 25, 2024Proposal created
Mar 26, 2024Proposal vote started
Mar 28, 2024Proposal vote ended
Apr 03, 2026Proposal updated