Onboarding weETH to Aave V3 on Scroll
Onboarding weETH to Aave V3 on Scroll
Author
Aave Chan Initiative
Creator
0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
Simple Summary
This ARFC seeks to add Ether.fi Liquid Restaking Token weETH to Aave V3 on Scroll.
After the successful onboarding of weETH to Aave v3 Ethereum , Arbitrum , and Base , alongside recent Supply and Borrow Cap increases for weETH due to significant demand, this proposal will further increase the ability for Aave to service weETH demand from users.
Motivation
weETH is an LRT that allows users to stake their ETH, accrue staking rewards, and receive additional rewards through native restaking on EigenLayer.
Ether.fi has also launched weETH on Arbitrum and Base allowing L2 users to get exposure to LRT yield and points. As weETH has already been approved for onboarding to Aave V3 on Ethereum, Arbitrum, and Base by the DAO, this proposal extends the onboarding of weETH to Aave v3 on Scroll.
Specification
The table below illustrates the configured risk parameters for weETH
| Parameter | Value |
|---|---|
| Isolation Mode | false |
| Borrowable | ENABLED |
| Collateral Enabled | true |
| Supply Cap (weETH) | 2,000 |
| Borrow Cap (weETH) | 400 |
| Debt Ceiling | USD 0 |
| LTV | 72.5 % |
| LT | 75 % |
| Liquidation Bonus | 7.5 % |
| Liquidation Protocol Fee | 10 % |
| Reserve Factor | 15 % |
| Base Variable Borrow Rate | 0 % |
| Variable Slope 1 | 7 % |
| Variable Slope 2 | 300 % |
| Uoptimal | 45 % |
| Stable Borrowing | DISABLED |
| Flashloanable | ENABLED |
| Siloed Borrowing | DISABLED |
| Borrowable in Isolation | DISABLED |
| Oracle | 0x32f924C0e0F1Abf5D1ff35B05eBc5E844dEdD2A9 |
| E-Mode Category | ETH-correlated |
References
- Implementation: AaveV3Scroll
- Tests: AaveV3Scroll
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.