Executed

Gauntlet recommendation to lower stMATIC, MaticX non-emode LT, pt 2


Proposed by

Proposal ID

377

Proposed

Nov 20th, 2023

Result details
Final Votes

Quorum

492.57K of 0

Majority support

Yes

For

492.57K

Against

181.51K

Abstain

0

Actions

Function 1:

0x00000000000000000000000000000000000000000000000000000000000000890000000000000000000000000000000000000000000000000000000000000001000000000000000000000000401b5d0294e23637c18fcc38b1bca814cda2637c000000000000000000000000000000000000000000000000000000000000000b
Value:0

Proposal


title: "Gauntlet recommendation to lower stMATIC, MaticX non-emode LT, pt 2" author: "Gauntlet" discussions: "https://governance.aave.com/t/arfc-gauntlet-recommendation-to-lower-stmatic-maticx-non-emode-lt-pt-2/15314"

Summary

Gauntlet recommends follow-ups to our previous recommendations on lowering stMATIC / MaticX non-emode LT. These recommendations are geared towards the following:

  • Reducing risks associated with increased stablecoin borrowing against LST collateral, amidst lower MATIC LST liquidity
  • Lower risks of reduced WMATIC supply in the future, which may cause long-term growth risk for Polygon v3
  • Encourage WMATIC borrowing against MATIC LST collateral

Specification

AssetParameterCurrent ValueRecommended Value
stMATICLiquidationThreshold60%56%
MaticXLiquidationThreshold62%58%

References

Disclaimer

Gauntlet has not received any compensation from any third-party in exchange for recommending any of the actions contained in this proposal.

By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.

Copyright

Copyright and related rights waived via CC0.

Final Votes

Quorum

492.57K of 0

Majority support

Yes

For

492.57K

Against

181.51K

Abstain

0

Final Votes
Status

Mon Nov 20, 10:11 pm

Published onchain

Mon Nov 27, 06:53 pm

Voting period started

Thu Nov 30, 10:53 am

Voting period ended

Sat Nov 25, 02:55 pm

Proposal executed