Onboard sUSDe to Aave V3 on Ethereum
Onboard sUSDe to Aave V3 on Ethereum
Author
Aave Chan Initiative
Creator
0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
Simple Summary
This is an ARFC to seek approval for the addition of sUSDe to Aave V3 on Ethereum, following the consensus reached in the TEMP CHECK and ARFC stage.
Motivation
As discussed in the TEMP CHECK, 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 collateral demand.
Specification
Amendment: opposed to the initial snapshot the aip enables flashloaning to stay consistent with other assets on the network.
The table below illustrates the configured risk parameters for sUSDe
| Parameter | Value |
|---|---|
| Isolation Mode | true |
| Borrowable | DISABLED |
| Collateral Enabled | true |
| Supply Cap (sUSDe) | 85,000,000 |
| Borrow Cap (sUSDe) | 0 |
| Debt Ceiling | USD 40,000,000 |
| LTV | 72 % |
| LT | 75 % |
| Liquidation Bonus | 8.5 % |
| Liquidation Protocol Fee | 10 % |
| Reserve Factor | 20 % |
| Base Variable Borrow Rate | 0 % |
| Variable Slope 1 | 0 % |
| Variable Slope 2 | 0 % |
| Uoptimal | 90 % |
| Stable Borrowing | DISABLED |
| Stable Slope1 | 0 % |
| Stable Slope2 | 0 % |
| Base Stable Rate Offset | 0 % |
| Stable Rate Excess Offset | 0 % |
| Optimal Stable To Total Debt Ratio | 0 % |
| Flashloanable | ENABLED |
| Siloed Borrowing | DISABLED |
| Borrowable in Isolation | DISABLED |
| Oracle | 0xb37aE8aBa6C0C1Bf2c509fc06E11aa4AF29B665A |
References
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.