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mStablemStableby0xD43a25B442E2C343dAd472A871c5262cCA275Eb4dereksilva.eth

Should the lending market interest be batched to reduce gas costs?

Voting ended over 5 years agoSucceeded

See forum thread here.

Summary

Currently the yield produced from lending markets Compound/Aave is collected upon each deposit into SAVE. This is an expensive operation and is performed more frequently than is necessary. This proposal provides a more passive method of collecting the yield, reducing SAVE deposit gas costs by >= 50% while delivering a smoother result.

This upgrade could be bundled nicely with MIP-3

Proposal

There are 2 primary sources of income for mAssets - SWAP fees, and lending market income. This MIP will make 2 fundamental changes to the way system income is collected and distributed. The first of which is how the SWAP fees are tracked over time, and the second of which is the frequency of lending market interest is collected. The lending market interest will be collected intermittently and streamed second by second to SAVE.

Should the lending market interest be batched to reduce gas costs?

Off-Chain Vote

Yes, batch collections as detailed in MIP-4
392.23K 100%
No, do not batch collections as detailed in MIP-4
0 0%
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Timeline

Nov 02, 2020Proposal created
Nov 02, 2020Proposal vote started
Nov 08, 2020Proposal vote ended
Apr 28, 2024Proposal updated