Polygon
Aave's Market on the Polygon sidechain
The community’s first exploration of new frontiers (i.e., networks) for the Aave Protocol was V2 market launch on Polygon. A scalable sidechain of Ethereum that allows for fast and low fee transactions with a nascent ecosystem of applications including community favourite Aavegotchi, decentralised exchange Quickswap as well as Chainlink oracles.
Nearly a hundred validators secure Polygon's Proof-of-Stake algorithm with back ups occurring every 30 minutes on the Ethereum blockchain.
Following huge success of V2 markets, V3 of the Aave Protocol has been deployed on Polygon.
Asset | eMode Params | Borrow | Siloed | Collateral | Borrow Isolation | LTV | Liq. Thresh | Liq. Bonus | Debt Ceil | Supply Cap | Borrow Cap | Reserve Factor |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAI |
| Yes | No | Yes | Yes | 75% | 80% | 5% | - | 2B | 0 | 10% |
USDC |
| Yes | No | Yes | Yes | 82.5% | 85% | 4% | - | 2B | 0 | 10% |
USDT |
| Yes | No | Only Isolation Mode | Yes | 75% | 80% | 5% | 5M | 2B | 0 | 10% |
EURS |
| Yes | No | Only Isolation Mode | No | 65% | 70% | 7.5% | 5M | 2B | 0 | 10% |
agEUR |
| Yes | No | No | No | 0% | 0% | 0% | - | - | - | 20% |
jEUR |
| Yes | No | No | No | 0% | 0% | 0% | - | - | - | 20% |
AAVE |
| No | No | Yes | No | 60% | 70% | 7.5% | - | 0 | 0 | 0% |
LINK |
| Yes | No | Yes | No | 50% | 65% | 7.5% | - | 0 | 0 | 20% |
WBTC |
| Yes | No | Yes | No | 70% | 75% | 6.5% | - | 0 | 0 | 20% |
WETH |
| Yes | No | Yes | No | 80% | 82.5% | 5% | - | 0 | 0 | 10% |
WMATIC |
| Yes | No | Yes | No | 65% | 70% | 10% | - | 0 | 0 | 20% |
CRV |
| Yes | No | Yes | No | 75% | 80% | 5% | - | 0 | 0 | 10% |
SUSHI |
| Yes | No | Yes | No | 20% | 45% | 10% | - | 0 | 0 | 20% |
GHST |
| Yes | No | Yes | No | 25% | 45% | 15% | - | 0 | 0 | 20% |
DPI |
| Yes | No | Yes | No | 20% | 45% | 10% | - | 0 | 0 | 20% |
BAL |
| Yes | No | Yes | No | 20% | 45% | 10% | - | 0 | 0 | 20% |
The price update frequency results from the liquidation strategy. We follow a margin method, in which prices are refreshed every time the deviation crosses a certain threshold. We use Chainlink’s decentralised oracles for the price feeds.
Pair Data Feed | Deviation Threshold | Oracle Contract Address |
|---|---|---|
0% | ||
0% | ||
1% | ||
0% | ||
0% | ||
0% | ||
0.5% | ||
1% | ||
0% | ||
0.5% | ||
0% | ||
0% | ||
0% |
Token | AToken | Stable Debt Token | Variable Debt Token | Interest Rate Strategy |
|---|---|---|---|---|
Both Aave V2 and V3 markets are controlled via the Aave Governance via Aave Cross Chain Governance bridge.
Last modified 3mo ago