Onboard sUSDe and weETH to Aave v3 on zkSync

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Executed at
Jan 19, 2025, 3:49 PM
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Created

14 Jan 2025, 2:27 PM

Open for voting

15 Jan 2025, 2:51 PM

Voting closed

18 Jan 2025, 2:51 PM

Passed

Finished

19 Jan 2025, 3:49 PM

Executed

Onboard sUSDe and weETH to Aave v3 on zkSync

Created

14 Jan 2025, 2:27 PM

Open for voting

15 Jan 2025, 2:51 PM

Voting closed

18 Jan 2025, 2:51 PM

Passed

Finished

19 Jan 2025, 3:49 PM

Executed

Author

Aave-chan Initiative

Creator

0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922

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Simple Summary

This proposal aims to onboard sUSDe and weETH to the Aave v3 protocol on zkSync. This follows the original plans for further expansion on the network.

Motivation

The integration of sUSDe, and weETH into Aave v3 on zkSync is following the initial plan for the zkSync network launch. With the successful launch of Aave v3 on zkSync, and some time for monitoring, we believe it is time to start expanding from the initial asset list.

These onboardings also include partnership with Ethena and EtherFi to add ZK token incentives to each market, which will contribute to Aave’s growth on zkSync.

Specification

The table below illustrates the configured risk parameters for weETH

ParameterValue
Isolation Modefalse
BorrowableDISABLED
Collateral Enabledtrue
Supply Cap (weETH)300
Borrow Cap (weETH)1
Debt CeilingUSD 0
LTV72.5 %
LT75 %
Liquidation Bonus7.5 %
Liquidation Protocol Fee10 %
Reserve Factor45 %
Base Variable Borrow Rate0 %
Variable Slope 17 %
Variable Slope 2300 %
Uoptimal30 %
FlashloanableENABLED
Siloed BorrowingDISABLED
Borrowable in IsolationDISABLED
Oracle0x32aF9A0a47B332761c8C90E9eC9f53e46e852b2B

The table below illustrates the configured risk parameters for sUSDe

ParameterValue
Isolation Modetrue
BorrowableDISABLED
Collateral Enabledtrue
Supply Cap (sUSDe)400,000
Borrow Cap (sUSDe)1
Debt CeilingUSD 400,000
LTV65 %
LT75 %
Liquidation Bonus8.5 %
Liquidation Protocol Fee10 %
Reserve Factor20 %
Base Variable Borrow Rate0 %
Variable Slope 19 %
Variable Slope 275 %
Uoptimal80 %
FlashloanableENABLED
Siloed BorrowingDISABLED
Borrowable in IsolationDISABLED
Oracle0xDaec4cC3a41E423d678428A8Bb29fa1ADF26869a

Additionally 0x95Cbff6e45C499d45dd8627f3ce179057B5Fbfcc has been set as the emission admin for weETH, sUSDe and their corresponding aTokens.

References

Copyright

Copyright and related rights waived via CC0.

by BGD Labs