[ARFC] Adjust Risk Parameters for Aave V2 and V3 on Polygon

Roc Zacharias here, QuickSwap Co-Founder, Polygon CTB (Community Treasury Board) board member, and long time Aave user, holder, and fan. Good to see your comment Emilio, long time no see my friend :)

I really appreciate your thoughtful and calm headed take on all of this. I am in the same boat as you in that I have such a strong love for Aave, it’s leadership, and our amazing community. Our communities have been instrumental in the growth of Ethereum and it’s scaling ecosystem.

I understand people’s concerns with the bridge pre-PIP, and I am not a fan of the Pre-PIP either. I don’t think it’s the craziest idea, and if implemented a different way, for example only using Eth to validate Ethereum, or having insurance fund, or insurance by Polygon treasury or other creative ways, it could have been more interesting. With that being said, the idea has been squashed, and I highly doubt it will be brought up again. The community on both sides voiced loudly that it just isn’t something we want which is a sign of good governance on both sides.

Keep in mind, a Pre-PIP in Polygon is more similar to a Temp Check on Aave. This wasn’t an actual PIP, never got to that stage, and never will. To me, this should be basically a finished issue. Aave Polygon has significant revenue, history, and huge user-base. Polygon Aave deployment is one of the largest by users as Emilio mentioned above. It just doesn’t make sense for the communities to “break up” over a simple discussion. If anyone disagrees, could you please explain why we would “break up” and hurt all of the users who have actively voted with their wallets to use Aave on Polygon? Many of these users are exclusively Aave on Polygon, or started their journey on Polygon, and have since expanded to more chains after first trying Aave on Polygon.

If you look at this data from Dune, Polygon Aave users are continuing to grow at a strong pace. https://dune.com/queries/4573060/7624783

Here is another interesting data point. Polygon is 2nd in cumulative fees behind only Ethereum, having 100x more than Base and BSC, 4x more than Arbitrum. I love Base and Arbitrum, no competition here, just giving stats for everyone to see. https://defillama.com/protocol/aave#fees-revenue*

I have a lot of respect for everything Aave has accomplished, and many of the incredible milestones happened with our communities working together! We literally made history TOGETHER!

Polygon is fighting hard to unite all Ethereum L2s, and will continue to be a major contributor to the future of scaling Ethereum through rollups, and I know damn well Aave will continue to innovate and provide finance to the underbanked of the world. We have bigger battles with external enemies like banks, governments, the incumbent financial industry, and overly zealous regulators who would like to see our whole industry burn a fiery death. I know strong words were had on both sides. Words among a handful of individuals don’t change our history or our mission. I hope we can come back together and keep fighting the good-fight with our communities united!

With so much love,
Roc

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