Generalized LT/LTV Reductions on Aave V3 Step 2
Generalized LT/LTV Reductions on Aave V3 Step 2
Author
Chaos Labs
Creator
0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
Simple Summary
Reduce stablecoin LTs and LTVs across all markets.
Motivation
Following a successful implementation of Phase I of our plan to reduce stablecoin LTs and LTVs, we would like to propose the next phase. Additionally, we have updated our recommended final state for all associated stablecoins, with LTVs and LTs harmonized across all chains at 75% and 78%, respectively.
Please note that given the proposal to adjust DAI and sDAI risk parameters, it has been excluded from this proposal.
Specification
Ethereum
| Asset | Current LTV | Recommended LTV | Current LT | Recommended LT | New Liquidations |
|---|---|---|---|---|---|
| USDC | 76% | 75% | 79% | 78% | $2,600 |
| USDT | 76% | 75% | 79% | 78% | $0 |
| sDAI | 63% | 75% | 77% | 78% |
Gnosis
| Asset | Current LTV | Recommended LTV | Current LT | Recommended LT | New Liquidations |
|---|---|---|---|---|---|
| USDC | 76% | 75% | 79% | 78% | $0 |
| sDAI | 63% | 75% | 77% | 78% |
Base
| Asset | Current LTV | Recommended LTV | Current LT | Recommended LT | New Liquidations |
|---|---|---|---|---|---|
| USDC | 76% | 75% | 79% | 78% | $3.80 |
| USDbC | 76% | 75% | 79% | 78% | $0.40 |
Scroll
| Asset | Current LTV | Recommended LTV | Current LT | Recommended LT | New Liquidations |
|---|---|---|---|---|---|
| USDC | 76% | 75% | 79% | 78% | $103 |
Polygon
| Asset | Current LTV | Recommended LTV | Current LT | Recommended LT | New Liquidations |
|---|---|---|---|---|---|
| USDC | 76% | 75% | 79% | 78% | $0 |
| USDT | 76% | 75% | 79% | 78% | $833 |
| USDC.e | 76% | 75% | 79% | 78% | $4,700 |
Arbitrum
| Asset | Current LTV | Recommended LTV | Current LT | Recommended LT | New Liquidations |
|---|---|---|---|---|---|
| USDC | 76% | 75% | 79% | 78% | $0 |
| USDT | 76% | 75% | 79% | 78% | $5.30 |
| USDC.e | 76% | 75% | 79% | 78% | $1,000 |
Optimism
| Asset | Current LTV | Recommended LTV | Current LT | Recommended LT | New Liquidations |
|---|---|---|---|---|---|
| USDC | 76% | 75% | 79% | 78% | $3,700 |
| USDT | 76% | 75% | 79% | 78% | $63 |
| USDC.e | 78% | 75% | 84% | 80% | $5,800 |
BNB
| Asset | Current LTV | Recommended LTV | Current LT | Recommended LT | New Liquidations |
|---|---|---|---|---|---|
| USDC | 76% | 75% | 79% | 78% | $3,700 |
| USDT | 76% | 75% | 79% | 78% | $0 |
Avalanche
| Asset | Current LTV | Recommended LTV | Current LT | Recommended LT | New Liquidations |
|---|---|---|---|---|---|
| USDC | 80% | 75% | 85% | 81% | $23,700 |
References
- Implementation: AaveV3Ethereum, AaveV3Polygon, AaveV3Avalanche, AaveV3Optimism, AaveV3Arbitrum, AaveV3Base, AaveV3Gnosis, AaveV3Scroll, AaveV3BNB
- Tests: AaveV3Ethereum, AaveV3Polygon, AaveV3Avalanche, AaveV3Optimism, AaveV3Arbitrum, AaveV3Base, AaveV3Gnosis, AaveV3Scroll, AaveV3BNB
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.