Onboard USDe Aave V3 Ethereum
Onboard USDe Aave V3 Ethereum
Author
ACI
Creator
0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
Simple Summary
This proposal seek approval for the addition of USDe to Aave V3 on Ethereum
Motivation
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 borrow demand.
Specification
The table below illustrates the configured risk parameters for USDe
| Parameter | Value |
|---|---|
| Isolation Mode | true |
| Borrowable | ENABLED |
| Collateral Enabled | true |
| Supply Cap (USDe) | 80,000,000 |
| Borrow Cap (USDe) | 72,000,000 |
| Debt Ceiling | USD 40,000,000 |
| LTV | 72 % |
| LT | 75 % |
| Liquidation Bonus | 8.5 % |
| Liquidation Protocol Fee | 10 % |
| Reserve Factor | 25 % |
| Base Variable Borrow Rate | 0 % |
| Variable Slope 1 | 9 % |
| Variable Slope 2 | 75 % |
| Uoptimal | 80 % |
| Stable Borrowing | DISABLED |
| Stable Slope1 | 9 % |
| Stable Slope2 | 75 % |
| 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 | ENABLED |
| Oracle | 0x55B6C4D3E8A27b8A1F5a263321b602e0fdEEcC17 |
References
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.