executedEnds a year ago · Onchain
Increase USDS Borrow Rate to Match Sky Savings Rate
By 0x57ab...112922Continue Reading
Simple Summary
This ARFC proposes a Direct-To-AIP adjustment to the USDS borrow rate on the Aave protocol, increasing it to align with the Sky Savings Rate.
Motivation
The Sky Savings Rate has recently outpaced the USDS borrow rate on Aave. To correct this and ensure the protocol is directing incentives to true depositors instead of USDS loopers, we propose raising the USDS borrow rate to match the Sky Savings Rate.
Specification
USDS Borrow Rate will be adjusted as follows on the main market on Ethereum
- Base Variable Rate: 6.25%
All other parameters remain unchanged.
References
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- Snapshot: Direct-to-AIP
- Discussion
Copyright
Copyright and related rights waived via CC0.
Connect Wallet to Add Note
0Votes 36
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x57ab...112922 | 366,541 | YAE |
 EzR3aL | 173,248 | YAE |
 0x8b37...502a22 | 100,600 | YAE |
 TokenLogic | 46,951 | YAE |
 Wintermute Governance | 44,691 | YAE |
VOTE POWER
0
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Proposal Status
- Fri October 18 2024, 10:23 amVoting Period Starts
- Mon October 21 2024, 10:23 amEnd Voting Period
- Mon October 21 2024, 11:01 amQueue Proposal
- Mon October 21 2024, 11:02 amExecute Proposal
Current Results
1-YAE
826,734.56
2-NAY
800
Quorum 827,534.56/320,000