Onboard USDC to Aave V3 Lido Instance
Onboard USDC to Aave V3 Lido Instance
Author
ACI
Creator
0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
Simple Summary
This proposal aims to onboard USDC to the Aave v3 Lido Instance.
Motivation
The integration of USDC into the Aave v3 Lido Instance is driven by the following factors:
-
Liquidity Enhancement: The inclusion of this widely-used stablecoin is expected to boost liquidity in the Lido Instance, potentially attracting more users and increasing overall platform activity.
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Strategic Alignment: This move aligns with Aave’s goal of offering a comprehensive suite of high-quality assets, keeping the protocol at the forefront of DeFi liquidity.
Specification
The table below illustrates the configured risk parameters for USDC
| Parameter | Value |
|---|---|
| Isolation Mode | false |
| Borrowable | ENABLED |
| Collateral Enabled | false |
| Supply Cap (USDC) | 30,000,000 |
| Borrow Cap (USDC) | 27,600,000 |
| Debt Ceiling | USD 0 |
| LTV | 0 % |
| LT | 0 % |
| Liquidation Bonus | 0 % |
| Liquidation Protocol Fee | 10 % |
| Reserve Factor | 10 % |
| Base Variable Borrow Rate | 0 % |
| Variable Slope 1 | 5.5 % |
| Variable Slope 2 | 60 % |
| Uoptimal | 92 % |
| Stable Borrowing | DISABLED |
| Flashloanable | ENABLED |
| Siloed Borrowing | DISABLED |
| Borrowable in Isolation | ENABLED |
| Oracle | 0x736bF902680e68989886e9807CD7Db4B3E015d3C |
References
- Implementation: AaveV3EthereumLido
- Tests: AaveV3EthereumLido
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.