Onboard CbBTC on Mainnet and Base














Onboard CbBTC on Mainnet and Base







Author

ACI

Creator

0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922

Simple Summary

The proposal aims to onboard Coinbase’s cbBTC, to the Aave v3 protocol on Mainnet main instance & Base.

Motivation

cbBTC, a new Bitcoin wrapper offering from Coinbase, is marking Coinbase’s entry into the wrapped Bitcoin market with cbBTC brings a unique value proposition to the Aave ecosystem.

This new asset will diversify the options available for Bitcoin holders looking to participate in DeFi activities on Aave v3.

Furthermore, cbBTC’s integration aligns with Aave’s commitment to offering a wide range of high-quality assets. It will enable users to tap into Coinbase’s liquidity and reputation while benefiting from Aave’s established lending and borrowing functionalities. This synergy between a major centralized exchange and a leading DeFi protocol could attract more mainstream users to Aave, contributing to the overall growth and adoption of the platform.

Specification

The table below illustrates the configured risk parameters for cbBTC on Ethereum main pool and Base pool:

ParameterEthereum Main PoolBase Pool
Isolation Modefalsefalse
BorrowableENABLEDENABLED
Collateral Enabledtruetrue
Supply Cap (cbBTC)450200
Borrow Cap (cbBTC)4520
Debt CeilingUSD 0USD 0
LTV73 %73 %
LT78 %78 %
Liquidation Bonus7.5 %7.5 %
Liquidation Protocol Fee10 %10 %
Reserve Factor20 %20 %
Base Variable Borrow Rate0 %0 %
Variable Slope 14 %4 %
Variable Slope 2300 %300 %
Uoptimal45 %45 %
Stable BorrowingDISABLEDDISABLED
FlashloanableENABLEDENABLED
Siloed BorrowingDISABLEDDISABLED
Borrowable in IsolationDISABLEDDISABLED
Oracle0xF4030086522a5bEEa4988F8cA5B36dbC97BeE88c0x64c911996D3c6aC71f9b455B1E8E7266BcbD848F

References

Copyright

Copyright and related rights waived via CC0.

by BGD Labs