Reduce Reserve Factor on wstETH

Share on X
Raw-Ipfs
For

507.71K

Against

0

Voters

Voting power

Support

ezr3al.eth

224.13K

For

areta...v.eth

103.58K

For

0x2cc...54Df1

46,218.39

For

winte...e.eth

44,707.69

For

stabl...b.eth

39,806.29

For

Payload 1/7
Show more
Created

7 Aug 2024, 10:21 AM

Open for voting

8 Aug 2024, 10:38 AM

Voting closed

11 Aug 2024, 10:38 AM

Passed

Finished

12 Aug 2024, 1:28 PM

Executed

Reduce Reserve Factor on wstETH

Created

7 Aug 2024, 10:21 AM

Open for voting

8 Aug 2024, 10:38 AM

Voting closed

11 Aug 2024, 10:38 AM

Passed

Finished

12 Aug 2024, 1:28 PM

Executed

Author

Aave Chan Initiative

Creator

0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922

Copy

Simple 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%.

References

Copyright

Copyright and related rights waived via CC0.

by BGD Labs