POPA ReconCircle's Chief Economist puts up a proposal on AAVE USDC market
Circle's Chief Economist puts up a proposal on AAVE USDC market Aave's USDC pool has been maxed out for 4 days (borrowers have drained it and new lenders aren't depositing, so people trying to withdraw are stuck in a queue) Suggests making the interest rate spike much higher when the pool is this full (max rate from ~14% to ~48% for lenders) to attract fresh deposits, which would refill the pool and normalise rates https://governance.aave.com/t/arfc-improve-liquidity-buffer-for-usdc-on-aave-v3-ethereum-core-raise-slope-2-lower-optimal-utilization/24684
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