Proposal overview
onboard WSTETH to Aave Optimism V3 pool
Simple Summary
This AIP proposal presents Aave with the opportunity to onboard wstETH to the optimism v3 Liquidity Pool.
Motivation
Supporting LSD diversity is part of the Aave-Chan Initiative (ACI) delegate platform.
The ACI does not have any link nor is paid by Optimism or any entity to present this AIP.
The risk parameters provided introduce wstETH as a collateral asset.
Supply and borrow caps are suggested for this asset to limit risk exposure, the caps have been proposed by a join collaboration between Gauntlet & Chaos Labs.
Specification
Ticker: wstETH
Contract Address: 0x1F32b1c2345538c0c6f582fCB022739c4A194Ebb
Risk Parameter | Value |
---|---|
Isolation Mode | NO |
Enable Borrow | YES |
Enable Collateral | YES |
Loan To Value | 70% |
Liquidation Threshold | 79% |
Liquidation Bonus | 7.2% |
Reserve Factor | 15% |
Liquidation Protocol Fee | 10% |
Borrow Cap | 940 |
Supply Cap | 6000 |
Debt Ceiling | N/A |
Base | 0.25% |
Slope1 | 4.5% |
Uoptimal | 45% |
Slope2 | 80% |
The proposal payload uses the GenericListingEngine to perform a new asset listing with the following parameters:
IGenericV3ListingEngine.Listing({
asset: WSTETH,
assetSymbol: 'wstETH',
priceFeed: WSTETH_USD_FEED,
rateStrategy: https://optimistic.etherscan.io/address/0x6ba97468e2e6a3711a6dd05f0075d48e878c910e,
enabledToBorrow: true,
stableRateModeEnabled: false,
borrowableInIsolation: false,
withSiloedBorrowing: false,
flashloanable: false,
ltv: 70_00,
liqThreshold: 79_00,
liqBonus: 7_20,
reserveFactor: 15_00,
supplyCap: 6_000,
borrowCap: 940,
debtCeiling: 0,
liqProtocolFee: 10_00,
eModeCategory: 0
});
References
A list of relevant links like for this proposal e.g.
Security Considerations
The proposal Payload was reviewed by Bored Ghost Developing.
Deployed Contracts
Copyright
Copyright and related rights waived via CC0.
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Proposal details
17 Feb 2023, 18:36 UTC +00:00
18 Feb 2023, 18:42 UTC +00:00
21 Feb 2023, 10:42 UTC +00:00
Marc Zeller (@marczeller), Aave-Chan initiative