AAVE

Proposal overview

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

Executed

Executed on 

Nov 25, 2023

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.

Your voting info

Voting results

YAE

492,568

AAVE

73.07%

NAY

181,510

AAVE

26.93%

Votes

State
Executed

Executed on 

Nov 25, 2023
Quorum
Reached
Current votes

Required

492.56K

320.00K

Differential
Reached
Current differential

Required

311.05K

80,000.00

Total voting power

16,000,000

Proposal details

Created

Block

20 Nov 2023, 22:11 UTC +00:00

18615892

Started

Block

21 Nov 2023, 22:22 UTC +00:00

18623092

Ended

Block

24 Nov 2023, 14:22 UTC +00:00

18642292

Executed

25 Nov 2023, 14:55 UTC +00:00

Author

Gauntlet

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