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.
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