Proposal overview
Gauntlet recommendation to lower stMATIC, MaticX non-emode LT, pt 2
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.
Your voting info
Voting results
YAE
492,568
AAVE73.07%
NAY
181,510
AAVE26.93%
Votes
Executed on
Nov 25, 2023Required
492.56K
320.00K
Required
311.05K
80,000.00
16,000,000
Proposal details
Block
20 Nov 2023, 22:11 UTC +00:00
18615892
Block
21 Nov 2023, 22:22 UTC +00:00
18623092
Block
24 Nov 2023, 14:22 UTC +00:00
18642292
25 Nov 2023, 14:55 UTC +00:00
Gauntlet