Onboard and Enable sUSDe liquid E-Mode on Aave v3 Mainnet and Lido Instances

Share on X
Raw-Ipfs
For

778.50K

Against

0

Voters

Voting power

Support

aci.eth

277.77K

For

ezr3al.eth

175.09K

For

areta...v.eth

100.60K

For

token...c.eth

47,250.09

For

winte...e.eth

44,696.14

For

Payload
Show more
Created

13 Nov 2024, 10:42 AM

Open for voting

14 Nov 2024, 11:04 AM

Voting closed

17 Nov 2024, 11:04 AM

Passed

Finished

18 Nov 2024, 11:25 AM

Executed

Onboard and Enable sUSDe liquid E-Mode on Aave v3 Mainnet and Lido Instances

Created

13 Nov 2024, 10:42 AM

Open for voting

14 Nov 2024, 11:04 AM

Voting closed

17 Nov 2024, 11:04 AM

Passed

Finished

18 Nov 2024, 11:25 AM

Executed

Author

ACI

Creator

0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922

Copy

Simple Summary

This proposal aims to enable sUSDe liquid E-Mode on Aave v3 Mainnet for the Main and Lido instances. By implementing this change, we seek to enhance capital efficiency for borrowers using sUSDe as collateral, particularly for borrowing other stablecoins. This is a Direct to AIP proposal.

Motivation

The motivation behind this proposal stems from several key factors:

  • High Utilization: sUSDe has demonstrated significant usage as collateral for borrowing stablecoins on the platform. Capital Efficiency: Enabling liquid E-Mode for sUSDe will allow borrowers to substantially improve their capital efficiency when using this asset as collateral.
  • Controlled Growth: Liquid E-Mode provides a mechanism for more precise control over the growth and borrow demand in relation to the overall stablecoin liquidity within Aave v3 on Mainnet.
  • Enhanced Borrowing Capacity: This change will enable users to borrow larger amounts of other stablecoins against their sUSDe collateral, potentially increasing platform utilization and revenue. By implementing this proposal, we aim to optimize the use of sUSDe within the Aave ecosystem, attracting more liquidity for stablecoins.

Specification

The table below illustrates the configured risk parameters for sUSDe on Aave V3 Lido Instance:

ParameterValue
Isolation Modefalse
BorrowableDISABLED
Collateral Enabledtrue
Supply Cap (sUSDe)20,000,000
Borrow Cap (sUSDe)1000
Debt CeilingUSD 0
LTV0.05 %
LT0.1 %
Liquidation Bonus7.5 %
Liquidation Protocol Fee10 %
Reserve Factor10 %
Base Variable Borrow Rate0.05 %
Variable Slope 10.1 %
Variable Slope 23 %
Uoptimal1 %
FlashloanableENABLED
Siloed BorrowingDISABLED
Borrowable in IsolationDISABLED
Oracle0xb37aE8aBa6C0C1Bf2c509fc06E11aa4AF29B665A

Additionaly 0xac140648435d03f784879cd789130F22Ef588Fcd has been set as the emission admin for sUSDe and the corresponding aToken.

The table below illustrate the configured "sUSDe Stablecoins" Liquid E-mode

ParameterValueValueValue
AssetsUSDeUSDSUSDC
CollateralYesNoNo
BorrowableNoYesYes
Max LTV90%--
Liquidation Threshold92%--
Liquidation Bonus3.0%--

Finally, sUSDe on Aave V3 Mainnet will be removed from Isolation Mode on Aave v3 instance.

References

Copyright

Copyright and related rights waived via CC0.

by BGD Labs