[ARFC] Chaos Labs - Incremental Reserve Factor Updates - Aave V2 Ethereum

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ChaosLabs proposed an incremental 5% Reserve Factor (RF) increase for all V2 Ethereum assets on Aave to encourage migration to V3. The proposal, supported by ACI, was put to a community vote via a Snapshot initiated by ChaosLabs.

The discussion primarily revolved around the proposed Reserve Factor (RF) increases for all V2 Ethereum assets on Aave, as part of the V2 to V3 migration plan. This proposal was put forth by ChaosLabs, with the intention of making the supply of these assets on V2 less appealing, thereby encouraging suppliers to transition to V31. The plan involves incrementally increasing the reserve factors by 5% at each step, with a minimum gap of 2 weeks between each update. A separate proposal for frozen assets on V2 was also mentioned. The assets affected by this proposal include DAI, FRAX, GUSD, LUSD, sUSD, TUSD, USDC, USDP, USDT, 1INCH, CRV, ENS, LINK, MKR, SNX, UNI, WBTC, and ETH.

The proposal received support from the ACI, as stated by MarcZeller2. To facilitate community involvement, ChaosLabs initiated a Snapshot for voting, which was scheduled from Tuesday, Jun 27, 2023, to Friday, Jun 30, 20233. In addition, AIP-266 was published and it was announced that voting would commence in 24 hours4. A minor correction was made to the original post, specifying that the current RF for TUSD was incorrectly stated as 20% instead of 5%, but the recommended RF for TUSD remains unchanged4.

In conclusion, the discussion was centered around the proposed RF increases for V2 Ethereum assets on Aave, with the aim of facilitating the V2 to V3 migration. The proposal was well-received and put to a community vote. The outcome of the vote will determine the implementation of the proposed changes.

Posted 5 months ago

Last reply 4 months ago

Summary updated 2 months ago

Last updated 03/12 08:00