wMATIC Interest Rate Update
This AIP will reduce the wMATIC Slope1 parameters from 6.10% to 5.00% Aave v3 Polygon.
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.
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.
Revise the interest rate strategy as per below:
variableRateSlope1: From 6.10% to 5.00%
All other parameters remain the same as the existing interest rate startegy.
TokenLogic receives no compensation beyond Aave protocol for the creation of this proposal. TokenLogic is a delegate within the Aave ecosystem.
Copyright and related rights waived via CC0.
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