Executed
Gauntlet recommendation to lower stMATIC, MaticX non-emode LT, pt 2
Votes
Proposal
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
| Asset | Parameter | Current Value | Recommended Value |
|---|---|---|---|
| stMATIC | LiquidationThreshold | 60% | 56% |
| MaticX | LiquidationThreshold | 62% | 58% |
References
- Implementation: AaveV3Polygon
- Tests: AaveV3Polygon
- Snapshot
- Discussion
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.
