Title: [ARFC] Disable Stable Rate Borrowing for Aave V2 Ethereum Pool
Author Marc Zeller (@MarcZeller) - Aave Chan Initiative
Proposal to disable stable rate borrowing for the Aave V2 Ethereum pool to streamline the offboarding process from the legacy version of Aave.
As Aave is gradually phasing out the legacy version, stable rates introduce friction to the offboarding process. Borrowers with stable rates are less influenced by interest rate strategy adjustments designed to encourage migration. To minimize these frictions in the future, the ACI proposes to prevent any new stable rate borrowing for the Aave V2 protocol.
The following assets currently support stable borrowing in the Aave V2 Ethereum pool:
|Asset||Protocol Version||Total Liquidity|
The proposed change is to disable the stable rate borrowing feature for all assets in the Aave V2 Ethereum pool. Existing stable rate borrows will remain unaffected, but no new stable rate borrows will be allowed.
The ACI is presenting this ARFC independently and is not compensated for creating this ARFC. There are no conflicts of interest.
- Collect consensus from the community and risk teams.
- Escalate to the ARFC snapshot stage.
- If the snapshot outcome is YAE, escalate to the AIP stage.
Copyright and related rights waived via CC0.