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.