Aave Improvement Proposals (AIPs) describe standards for the Aave Protocol, including core protocol specifications, client APIs, and contract standards.

AIP 21: Set Reserve Factors for GUSD and CRV

Author: Shreyas Hariharan Status: Proposed - Discussions- RawCreated: May 17, 2021 (Updated: May 17, 2021)

AIP rationale

The reserveFactor allows the FeeCollector smart contract to receive a part of interests paid by takers of liquidity, each asset on AAve has it’s own reserveFactor set.

AIP-5 and AIP-6 creators didn’t set a reserve factor for GUSD and CRV, which means protocol is not receiving anything from the outstanding debt on these assets.

This AIP purpose is to update the reserveFactor of the assets GUSD and CRV.

  • GUSD from 0% to 10%
  • CRV from 0% to 20%

ARC content in short

  • Set ReserveFactor for GUSD to 10% and CRV to 20%

Relevant Links

Implementations details

call setReserveFactor(0x056fd409e1d7a124bd7017459dfea2f387b6d5cd, 1000) call setReserveFactor(0xD533a949740bb3306d119CC777fa900bA034cd52, 2000)

On the lending pool configurator contract

https://etherscan.io/address/0x311bb771e4f8952e6da169b425e7e92d6ac45756

Copyright

Copyright and related rights waived via CC0.

Aave Improvement Proposals (AIPs) describe standards for the Aave Protocol, including core protocol specifications, client APIs, and contract standards.

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