Enable Metis as Collateral on Metis Chain

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Created

16 Aug 2024, 8:59 AM

Open for voting

17 Aug 2024, 9:18 AM

Voting closed

20 Aug 2024, 9:18 AM

Passed

Finished

21 Aug 2024, 9:57 AM

Executed

Enable Metis as Collateral on Metis Chain

Created

16 Aug 2024, 8:59 AM

Open for voting

17 Aug 2024, 9:18 AM

Voting closed

20 Aug 2024, 9:18 AM

Passed

Finished

21 Aug 2024, 9:57 AM

Executed

Author

Aave Chan Initiative

Creator

0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922

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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:

ParameterValue
Isolation ModeYes
BorrowableYes
Collateral EnabledYes
Debt Ceiling$1M
Loan to Value (LTV)30.00%
Liquidation Threshold (LT)40.00%
Liquidation Bonus10.00%
Liquidation Protocol Fee10.00%

References

Copyright

Copyright and related rights waived via CC0.

by BGD Labs