Onboard USDC.e on Gnosis
Onboard USDC.e on Gnosis
Author
Aave Chan Initiative
Creator
0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
Simple Summary
This proposal aims to onboard USDC.e into the Aave V3 pools on Gnosis.
Motivation
Gnosis will be deploying a new version of USDC, following the Bridge Token Standard. The migration from the older version of USDC allows for more flexibility and paves the way for deeper integration with Circle and native USDC implementations.
This proposal aims to onboard USDC.e into the Aave V3 pools on Gnosis in support of this migration, allowing Aave users to transition to the new version of USDC.
Specification
The table below illustrates the configured risk parameters for USDCe
| Parameter | Value |
|---|---|
| Isolation Mode | false |
| Borrowable | ENABLED |
| Collateral Enabled | true |
| Supply Cap (USDCe) | 1,500,000 |
| Borrow Cap (USDCe) | 1,400,000 |
| Debt Ceiling | USD 0 |
| LTV | 75 % |
| LT | 78 % |
| Liquidation Bonus | 5 % |
| Liquidation Protocol Fee | 10 % |
| Reserve Factor | 10 % |
| Base Variable Borrow Rate | 0 % |
| Variable Slope 1 | 9 % |
| Variable Slope 2 | 75 % |
| Uoptimal | 90 % |
| Stable Borrowing | DISABLED |
| Flashloanable | ENABLED |
| Siloed Borrowing | DISABLED |
| Borrowable in Isolation | ENABLED |
| Oracle | 0x0a2d05bc646C65A029e602c257DfA14adF8BfAd2 |
References
- Implementation: AaveV3Gnosis
- Tests: AaveV3Gnosis
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.