CryptoSlate: Aave Proposal Aims to Cut Polygon DAI Lender Interest Share from 75% to 30%
According to CryptoSlate, TokenLogic submitted a proposal on November 12 to adjust Aave reserve factors, covering 54 reserves across 12 Aave V3 instances and the Ethereum V2 instance. Among them, the reserve factor for the Polygon V3 DAI reserve is proposed to be raised from 25% to 70%. Under a model where total borrowing interest remains unchanged, the share of interest allocated to lenders will drop from 75% to 30%, representing a relative reduction of 60%. This does not involve a reduction of deposit principal, nor does it mean that yields across all markets will decline by 60%. The proposal is still subject to feedback and subsequent proposal procedures; of the approximately $4 million in annualized revenue generated by the model, about $1 million comes from Plasma USDT0, which will only be incorporated into the formal proposal after the relevant terms are finalized.
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