AAVE: Improving Parameters & New Asset Added

** All Proposals have been executed effectively

Adjust interest rate to account for APY over-approximation.

  • Update interest rate on AMPL market to account for over-approximation in compounded interest computation.
  • Make use of the exponential curve due to the over-approximation to set higher max APY.
    New Utilization / APY above 80% for AMPL
    Utilization APY
    80% 3.05%
    81% 49.93%
    82% 118.15%
    83% 217.40%
    84% 361.82%
    85% 571.94%
    86% 877.67%
    87% 1322.50%
    88% 1969.72%
    89% 2911.43%
    90% 4281.60%
    91% 6275.19%
    92% 9175.85%
    93% 13396.29%
    94% 19536.98%
    95% 28471.63%
    96% 41471.48%
    97% 60386.14%
    98% 87906.81%
    99% 127949.14%
    100% 186210.38%

Proposal:
Voting: For: 497k AAVE Against: 0 AAVE

Add FEI to Aave V2

Implementation

The FEI price oracle will be served via ChainLink, which includes the FEI/ETH feed.

FEI will only be used for depositing, not as collateral. The following params are proposed:

  • Strategy: rateStrategyStableOne
  • Base LTV As Collateral: 0
  • Liquidation Threshold: 0
  • Liquidation Bonus: 0
  • Borrowing Enabled: true
  • Stable BorrowRate Enabled: false
  • Reserve Decimals: 18
  • Reserve Factor: 2000

Proposal:
Voting: For: 538k AAVE Against: 0 AAVE

Liquidation Bonus Updates for eleven Aave V2 assets.

A proposal to reduce the liquidation bonus for eleven Aave V2 assets.

Specification

Current Liquidation_Bonus Recommended Liquidation Bonus
WBTC (9%) 7.5%
REN (9%) 7.5%
BAT (9%) 7.5%
YFI (12.5%) 10%
MKR (10%) 8%
ZRX (8%) 7.5%
CRV (12.5%) 10%
XSUSHI (12.5%) 10%
AAVE (8%) 7.5%
MANA (8%) 7.5%
SNX (9%) 7.5%

Proposal:
Voting: For: 425k AAVE Against: 0 AAVE