TokenLogic proposed changing the reserve factors for 54 Aave reserves to generate approximately $3.5 million in additional annual revenue. Its model, based on balances and rates observed on November 9, estimates that the blended reserve factor would rise from 12.0% to 12.7%. A higher factor increases the share of interest paid to the protocol treasury while reducing the share retained by liquidity suppliers. The proposal, submitted on November 12 and covering 12 V3 instances as well as V2 on Ethereum, has not yet been approved by governance. Its actual outcome will depend in part on supplier participation, available liquidity and market utilisation.
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