# Proposal: Improving wMATIC Parameters on Aave v3 Polygon **URL:** \ **Category:** Governance\ **Created:** [September 29, 2022, 4:40pm UTC](https://governance.aave.com/t/proposal-improving-wmatic-parameters-on-aave-v3-polygon/10074 "2022-09-29T16:40:06Z")\ **Posts on this page:** 1\ **Showing post:** 19
**Author:** ![MarcZeller](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/marczeller/32/7124_2.png) [@MarcZeller](https://governance.aave.com/u/MarcZeller)\ **Post date:** [October 18, 2022, 12:21pm UTC](https://governance.aave.com/t/proposal-improving-wmatic-parameters-on-aave-v3-polygon/10074/19 "2022-10-18T12:21:05Z")
this proposal got refactored by @Llamaxyz and posted as a separated thread. new proposal focus on wMATIC risk parameters update first, stMatic & MaticX updates can be done at a later stage on segregated proposals. > [@\[ARFC\] Aave v3 Polygon wMATIC Interest Rate Update](https://governance.aave.com/t/arc-aave-v3-polygon-wmatic-interest-rate-update/10290): > > title: [ARFC] Aave v3 Polygon wMATIC Interest Rate Update Author: @Llamaxyz, @MatthewGraham Dated: 2022-10-17 Simple Summary Llama presents a proposal to amend the wMATIC interest rate parameters on the Aave Polygon v3 Liquidity Pool. Abstract The current utilization of the wMATIC Reserve is 42.5% with borrowing costs of 6.61%, [1]. As the borrowing cost exceeds the yield obtained from staked MATIC receipt tokens, there is insufficient economic incentive for users to utilize the MATIC eM… --- _[View the full topic](https://governance.aave.com/t/proposal-improving-wmatic-parameters-on-aave-v3-polygon/10074)._