Simple Summary
This AIP will reduce the wMATIC Slope1 parameters from 6.10% to 5.00% Aave v3 Polygon.
Motivation
This AIP will reduce the slope1 paramter to 5.00%. This is higher than the current MaticX and stMATIC yield rate whilst marginally lower than the existing borrow rate.
v3 wMATIC Borrow Rate: 5.96% APY
MaticX APR: 4.68%
stMATIC APR: 4.30%
Upon implementing this AIP, the borrow rate is anticipated to decrease to below 5.00%, current utilization is less than the Uoptimal value. The demand from yield-maximizing strategies is expected to create consistent demand for borrowing wMATIC. Over time, this is projected to establish a floor under wMATIC borrow rates.
Specification
Revise the interest rate strategy as per below:
wMATIC Address: 0x0d500B1d8E8eF31E21C99d1Db9A6444d3ADf1270
variableRateSlope1: From 6.10% to 5.00%
All other parameters remain the same as the existing interest rate startegy.
References
Disclaimer
TokenLogic receives no compensation beyond Aave protocol for the creation of this proposal. TokenLogic is a delegate within the Aave ecosystem.
Copyright
Copyright and related rights waived via CC0.
