[ARFC] Reserve Factor Updates - Polygon Aave v2

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TokenLogic's proposals to update Reserve Factors on Polygon v2 have been well-received, aiming to incentivize migration to v3, with community support evident in active discussions and successful votes. While no negatives are highlighted, rapid changes and frequent voting could potentially lead to unintended user consequences or voter fatigue.

What is this about?

The community discussion has been focused on a series of proposals by TokenLogic aimed at updating the Reserve Factors (RF) on Polygon v2 to encourage users to transition to Polygon v3. The initial proposal to increase the RF of assets on v2 was met with community approval and was followed by a successful Snapshot vote. Subsequent AIPs have been planned to be submitted every second week, with the next set of changes including adjustments to the RF for several assets such as DAI, USDC, USDT, wBTC, wETH, MATIC, and BAL.

How is the community reacting?

Community members, including Oneski22 and 0xkeyrock.eth, have expressed their support for the proposals. The community has been actively participating in the discussions and voting processes. The latest announcement from TokenLogic about the progression of a proposal to AIP and the scheduled voting period has likely kept the community engaged. The voting for the most recent proposal began on 24 Oct 2023 and concluded on 27 Oct 2023.

Why this is positive?

The proposals led by TokenLogic are seen as a positive step towards incentivizing the migration from Polygon v2 to v3, which is beneficial for the ecosystem's evolution. The increase in RF is expected to encourage users to move their funds to the newer version. The community's support and the successful passing of AIP367 indicate a collective effort to improve the platform.

Why this is negative?

There are no specific negative points highlighted in the discussion summaries provided. However, it is important to consider that any changes to financial parameters such as Reserve Factors could have unintended consequences for users who may not be ready or willing to transition to the new version of the platform. Additionally, the increased cadence of proposals could lead to voter fatigue or a lack of thorough consideration for each proposal's implications.

Posted 5 months ago

Last reply 17 days ago

Summary updated 17 days ago

Last updated 09/12 13:52