contributor@AlphaGrowthcomp.xyz
↑Supply Caps Maxed Out for Multiple Assets (3/10/2024)
High demand has filled the wMATIC supply cap of 5,000,000 in the Polygon V3 USDT Comet market, necessitating a boost to 50,000,000 to prevent usage bottlenecks.
Overview
Wrapped POL(WMATIC)
Token Price$0.09
24h Change+1.37%
All Time HighDec 27, 2021$2.91
All Time LowApr 12, 2026$0.081
Key Metrics
Market Cap$23.02m
Fully Diluted Valuation$23.01m
Circ. Supply254.79m WMATIC
Volume 24h$8.47m
CEX Volume$0
DEX Volume$8.42m
Risk Timeline
Risk-management actions published about WMATIC by tracked risk managers and governance contributors, newest first.
risk managerGauntletcomp.xyz
↓Polygon USDC.e: Cap reductions for WBTC, WETH, WMATIC, MaticX
Supply balances for WMATIC on Polygon USDC.e have been under-utilized for sustained periods and are trending downwards, prompting a cap reduction to align with current utilization levels below the 75% threshold.
risk managerGauntletcomp.xyz
↑Analysis of Compound v3 Liquidation Mechanism
v3's fixed post-absorption break-even pricing allows raising parameters for WMATIC, leveraging its liquidity to boost demand without elevating insolvency risk beyond the LP buffer.
contributor@Llamaxyzgovernance.aave.com
↑Llama Month 9 Update: Asset Onboardings and Cap Increases
ARFC published to raise supply and borrow caps for wMATIC on Polygon V3, reflecting sufficient liquidity and demand for wrapped MATIC exposure.
contributor@Llamaxyzgovernance.aave.com
↑Llama Month 8 Update: LST and MATIC Cap Increases
wMATIC supply and borrow caps on Polygon v3 are raised to facilitate higher wrapped MATIC activity and generate more protocol revenue from borrowing demand.
contributor@Llamaxyzgovernance.aave.com
↑Llama Month 7 Update
wMATIC supply cap increased on Polygon to accommodate growing demand and support revenue growth through higher utilization.
contributor@Llamaxyzgovernance.aave.com
↑Llama Month 1 Progress Update
Interest rate update on Aave v3 Polygon aims to boost pool utilization and lower borrowing costs, enhancing capital efficiency for wMATIC as the network's native token amid growing TVL.
contributor@Llamaxyzgovernance.aave.com
↑Aave v3 Polygon wMATIC Interest Rate Update
Current borrowing costs of 6.61% exceed staking yields from tokens like stMATIC (5.9%), discouraging use of MATIC eMode and keeping utilization low at 42.5%. Parameter adjustments align costs closer to yields, enabling breakeven at higher utilization (72.5%) to boost capital efficiency and incentivize more borrowing.
contributor@MatthewGrahamgovernance.aave.com
↑wMATIC Risk Parameter Changes on Polygon Market
Index Coop's risk assessment gives wMATIC a B+ score on Polygon, with 168k holders, high transaction volume, and market cap supporting moderate risk alignment. Volatility at B- (normalized volume 0.06579) is comparable to BAL and BAT on Ethereum, justifying higher borrowing capacity.
Token Usage
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Liquidations
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Yields
Showing 10 of 57 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabWMATIC-USDC | $584,747 | 7.02% | 7.02% | 6435% | |||||
| open in new tabWMATIC-WETH | $424,633 | 6.19% | 6.19% | 5469% | |||||
| open in new tabMATIC-WETH | $202,265 | 23.50% | 23.50% | 4.91% | |||||
| open in new tabWMATIC-USDCQuickSwap | 💸 | $143,293 | 78.36% | 78.36% | 68.19% | ||||
| open in new tabWMATIC-USDT | $108,805 | 6.57% | 6.57% | 3.81% | |||||
| open in new tabWMATIC-QUICKQuickSwap | 💸 | $48,917 | 108% | 108% | 90.37% | ||||
| open in new tabWMATIC-QUICK | $25,802 | 116% | 116% | 203% | |||||
| open in new tabWMATIC-WETHQuickSwap | 💸 | $23,572 | 70.14% | 70.14% | 45.71% | ||||
| open in new tabWMATIC-USDTQuickSwap | 💸 | $16,962 | 59.14% | 59.14% | 53.77% | ||||
| open in new tabWMATIC-STMATIC | $10,039 | 2900% | 2900% | 636% |
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