Onboard SCR to Aave V3 Scroll














Onboard SCR to Aave V3 Scroll







Author

ACI

Creator

0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922

Simple Summary

The current ARFC aims to onboard SCR, the native token of Scroll, on the Aave V3 Scroll Instance. This onboarding will allow Aave users to supply and borrow SCR, thereby enhancing the utility and liquidity of the Scroll token within the DeFi ecosystem and more specifically, within the Aave ecosystem.

Motivation

Scroll is an Ethereum Layer 2 chain which already has an Aave instance deployment and SCR is the governance token for the Scroll L2. By onboarding SCR to Aave V3, we aim to create new opportunities for Aave users to engage with this emerging staking ecosystem, while expanding SCR’s liquidity.

Benefits of listing this token:

Provide opportunities for Aave users to borrow against their SCR to unlock liquidity, or alternatively to borrow SCR against other collateral allowing them to participate in Scroll governance.

Market Impact:

We see no significant market impact from onboarding SCR except for providing new opportunities to Aave users which may cause users to switch from borrowing other tokens against their collateral. Overall we see onboarding SCR as net good for Aave users as it expands opportunities for them to engage in a new L2 ecosystem.

Chain to be deployed/listed:

Scroll.

Proof of Liquidity (POL) and Deposit Commitments:

POL and Deposit Commitments will be discussed at the ARFC stage.

As disclosed by Marc Zeller, founder of ACI, the ACI Multisig has received 510K SCR on behalf of Aave DAO. Those funds will be coordinated with Karpatkey and Tokenlogic to define best usage of this airdrop.

Specification

The table below illustrates the configured risk parameters for SCR

ParameterValue
Isolation Modefalse
BorrowableENABLED
Collateral Enabledtrue
Supply Cap (SCR)360,000
Borrow Cap (SCR)180,000
Debt CeilingUSD 0
LTV0 %
LT0 %
Liquidation Bonus0 %
Liquidation Protocol Fee0 %
Reserve Factor20 %
Base Variable Borrow Rate0 %
Variable Slope 17 %
Variable Slope 2300 %
Uoptimal45 %
FlashloanableENABLED
Siloed BorrowingDISABLED
Borrowable in IsolationDISABLED
Oracle0x26f6F7C468EE309115d19Aa2055db5A74F8cE7A5

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

References

Copyright

Copyright and related rights waived via CC0.

by BGD Labs