Onboard USDe Aave V3 Ethereum














Onboard USDe Aave V3 Ethereum







Author

ACI

Creator

0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922

Simple Summary

This proposal seek approval for the addition of USDe to Aave V3 on Ethereum

Motivation

Ethena’s synthetic dollar, USDe, provides a stable crypto-native solution for a cash and carry structured product. The staked version of USDe, sUSDe, earns yield from the protocol and has high potential for strong borrow demand.

Specification

The table below illustrates the configured risk parameters for USDe

ParameterValue
Isolation Modetrue
BorrowableENABLED
Collateral Enabledtrue
Supply Cap (USDe)80,000,000
Borrow Cap (USDe)72,000,000
Debt CeilingUSD 40,000,000
LTV72 %
LT75 %
Liquidation Bonus8.5 %
Liquidation Protocol Fee10 %
Reserve Factor25 %
Base Variable Borrow Rate0 %
Variable Slope 19 %
Variable Slope 275 %
Uoptimal80 %
Stable BorrowingDISABLED
Stable Slope19 %
Stable Slope275 %
Base Stable Rate Offset0 %
Stable Rate Excess Offset0 %
Optimal Stable To Total Debt Ratio0 %
FlashloanableENABLED
Siloed BorrowingDISABLED
Borrowable in IsolationENABLED
Oracle0x55B6C4D3E8A27b8A1F5a263321b602e0fdEEcC17

References

Copyright

Copyright and related rights waived via CC0.

by BGD Labs