Onboard syrupUSDC on Base
Onboard syrupUSDC on Base
Author
Maple Finance (implemented by Aavechan Initiative @aci via Skyward)
Creator
0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
Simple Summary
This AIP proposes to onboard syrupUSDC to Aave V3 Base Instance.
Motivation
With the recent approval of syrupUSDC on the Core Instance following BGD Labs’ updated technical review we now propose to onboard syrupUSDC to the Base Instance. We propose this under the Direct to AIP framework.
We believe that the Base instance has strong growth prospects and with an increase in high demand collateral assets we will see rate of growth pick up. syrupUSDC is a good candidate for onboarding to Base for these reasons.
We recommend an eMode be created with USDC and GHO as borrow assets.
Specification
The table below illustrates the configured risk parameters for syrupUSDC
Service providers recommend initially listing the asset with defined low LT and LTV parameters. However, since Aave v3.6 will be deployed when this AIP will be executed, the asset is listed with LT, LTV, LB and LPE set to 0. Aave v3.6 allows an asset to be listed with collateral capacity restricted exclusively to E-Mode. Notice that low LT and LTV was a way to force user to only use the asset on an E-mode before Aave v3.6.
| Parameter | Value |
|---|---|
| Isolation Mode | false |
| Borrowable | DISABLED |
| Collateral Enabled | true |
| Supply Cap (syrupUSDC) | 50,000,000 |
| Borrow Cap (syrupUSDC) | 1 |
| Debt Ceiling | USD 0 |
| LTV | 0 % |
| LT | 0 % |
| Liquidation Bonus | 0 % |
| Liquidation Protocol Fee | 0 % |
| Reserve Factor | 50 % |
| Base Variable Borrow Rate | 0 % |
| Variable Slope 1 | 10 % |
| Variable Slope 2 | 300 % |
| Uoptimal | 45 % |
| Flashloanable | ENABLED |
| Siloed Borrowing | DISABLED |
| Borrowable in Isolation | DISABLED |
Oracle details
| Parameter | Value |
|---|---|
| Oracle | Capped SyrupUSDC / USDC / USD |
| Ratio Provider | syrupUSDC-USDC Exchange Rate |
| Underlying oracle | Capped USDC/USD |
| Minimum Snapshot delay | 7 days |
| Max yearly growth | 8.04% |
| Last Answer | (2026-1-19) 114707480 (1.14707480 USD) |
Emodes
syrupUSDC/stablecoin
| Parameter | Value | Value | Value |
|---|---|---|---|
| Asset | syrupUSDC | USDC | GHO |
| Collateral | Yes | No | No |
| Borrowable | No | Yes | Yes |
| Max LTV | 90.00% | - | - |
| Liquidation Threshold | 92.00% | - | - |
| Liquidation Bonus | 4.00% | - | - |
Additionally 0xac140648435d03f784879cd789130F22Ef588Fcd has been set as the emission admin for syrupUSDC and the corresponding aToken.
Disclaimer
ACI is not directly affiliated with Maple and did not receive compensation for the creation of this proposal.
References
- Implementation: AaveV3Base
- Tests: AaveV3Base
- Snapshot: Direct-to-AIP
- Discussion
Copyright
Copyright and related rights waived via CC0.