Polygon
Aave's Market on the Polygon sidechain
Aave's first exploration of New Frontiers is Polygon (formerly known as MATIC). A scalable sidechain of Ethereum that allows fast and nearly-free transactions, with a nascent ecosystem of applications such as 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 every 30 minutes on the Ethereum blockchain.

Risk Parameters

Asset
Borrowing
Collateral
Loan to Value
Liquidation threshold
Liquidation penalty
Reserve Factor
AAVE
No
Yes
50%
65%
10%
DAI
Yes
Yes
75%
80%
5%
10%
USDC
Yes
Yes
80%
85%
5%
10%
USDT
Yes
No
10%
MATIC
Yes
Yes
50%
65%
10%
20%
WBTC
Yes
Yes
70%
75%
10%
20%
WETH
Yes
Yes
80%
82.5%
5%
10%
The reserve factor collector contract can be found at 0x7734280a4337f37fbf4651073db7c28c80b339e9

Price Feed

Chainlink oracles are available on Polygon based on this address repository.

Disclaimer

As the Polygon Market has been launched recently, it is currently controlled by a multisig until a specific governance bridge for Polygon is built. The multisig follows the same security practices implemented during the governance transition period for Aave V1 and V2.
Last modified 11d ago