Enable Metis as Collateral on Metis Chain
Enable Metis as Collateral on Metis Chain
Author
Aave Chan Initiative
Creator
0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
Simple Summary
This proposal recommends enabling Metis token as collateral on Aave V3 within the Metis Chain
Motivation
Integrating Metis as collateral positions Aave as a key player in the Metis ecosystem, alongside upcoming incentives for builders and new projects. This move is anticipated to bolster Aave’s prominence as the leading lending platform on Metis Chain.
Specification
The proposed risk parameters for incorporating Metis as collateral are outlined below following @ChaosLabs TEMP CHECK recommendation:
| Parameter | Value |
|---|---|
| Isolation Mode | Yes |
| Borrowable | Yes |
| Collateral Enabled | Yes |
| Debt Ceiling | $1M |
| Loan to Value (LTV) | 30.00% |
| Liquidation Threshold (LT) | 40.00% |
| Liquidation Bonus | 10.00% |
| Liquidation Protocol Fee | 10.00% |
References
- Implementation: AaveV3Metis
- Tests: AaveV3Metis
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.