Lido new community proposal plans to increase utilization of wMATIC Reserve on Aave

10/25 05:58

Lido released new community proposal to amend the wMATIC interest rate parameters on the Aave Polygon v3 Liquidity Pool. The proposal is intended to increase the capital efficiency of the wMATIC Reserve by increasing the utilisation of the pool and reducing borrowing costs. The current utilization of the wMATIC Reserve is 42.5%. Utilisation of the liquidity in the Reserve is expected to increase from 45% to 72.5%. At present, the proposal has received 99.99% of the vote, and voting will end on October 29.

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