Reduce Reserve Factor on wstETH
Reduce Reserve Factor on wstETH
Author
Aave Chan Initiative
Creator
0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
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
- Implementation: AaveV3Ethereum, AaveV3Polygon, AaveV3Optimism, AaveV3Arbitrum, AaveV3Base, AaveV3Gnosis, AaveV3Scroll
- Tests: AaveV3Ethereum, AaveV3Polygon, AaveV3Optimism, AaveV3Arbitrum, AaveV3Base, AaveV3Gnosis, AaveV3Scroll
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.