Proposal overview
Increase GHO Borrow Rate 100 bps to ~6.41% on Aave V3
Simple Summary
This AIP proposes an increase in the GHO borrow rate from 5.22% APR to 6.22% APR to support the GHO peg restoration and align borrowing costs with market rates.
Motivation
AIP-381 allows for 100 bps increases in the GHO borrow rate every 7 days while days up to 9.5% APR if the monthly average price of GHO stays outside a 0,995<>1,005 price range. While the peg has improved, it is still outside of the target range. This AIP continues with further increases of the GHO interest rate aligned with the previous proposal.
Specification
- Current Borrow Rate: 5.22% APR - ~5.35% APY
- Proposed Borrow Rate: 6.22% APR - ~6.41% APY
- New Discounted Borrow Rate: ~4.35% APR - ~4.45% APY
ACI will continue with up to 100 bps incremental increases every 7 days if required up to 9.5% if the monthly average price of GHO stays outside a 0,995<>1,005 price range.
References
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- [Snapshot](No snapshot for direct to AIP)
- Discussion
Copyright
Copyright and related rights waived via CC0.
Your voting info
Voting results
YAE
536,550
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Votes
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144.3K
YAE
103.0K
YAE
60,000
YAE
59,999
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43,669
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42,576
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38,106
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21,206
YAE
20,000
YAE
3,559
536.55K
536.55K
16,000,000
Proposal details
14 Dec 2023, 06:46 UTC +00:00
15 Dec 2023, 07:00 UTC +00:00
17 Dec 2023, 23:00 UTC +00:00
18 Dec 2023, 23:44 UTC +00:00
Alice Rozengarden (@Rozengarden - Aave-chan initiative)