Aave plan could cut some lenders’ share of interest by 60%

Share

A TokenLogic proposal would reduce the share of interest paid to lenders of DAI on Polygon from 75% to 30%, without directly changing the borrowing-rate curve. It covers 54 reserves across 12 Aave V3 instances and Ethereum V2, with estimated additional annual revenue of about $4 million for the decentralized autonomous organization. According to the projections, the annual yield earned by Polygon DAI lenders would fall by 2.70 percentage points, while lenders in selected other reserves would lose only a minimal amount of income. The proposal, which is still expected to move to Aave’s formal improvement process, remains subject to the finalization of certain terms and to changes in deposits and interest rates.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items