Onboard USDe to the Aave V3 MegaETH Instance














Onboard USDe to the Aave V3 MegaETH Instance







Author

Aave Labs

Creator

0x66a28531E6f390A8CD44aB0C57a0F1aeb7E673FF

Summary

This proposal seeks to onboard USDe to the Aave V3 MegaETH instance. The asset is already established across multiple Aave deployments, and on MegaETH it is expected to support stablecoin borrowing and yield-oriented usage with an initial onchain liquidity base already seeded for the market.

Motivation

USDe has clear user demand and strategic relevance for the MegaETH deployment. Listing it would expand the stablecoin and yield-oriented collateral set available on the instance, improve market completeness early in the market’s lifecycle, and align MegaETH more closely with assets already familiar to a broad segment of DeFi users. LlamaRisk also notes that the MegaETH setup is designed so supplied USDe offers yield passthrough, making the asset functionally similar to sUSDe exposure for looping strategies without requiring a separate sUSDe listing.

Technical Specifications

This proposal recommends onboarding the following asset to the Aave V3 MegaETH instance:

  • USDe

Asset Configuration

ParameterUSDe
Isolation ModeNo
BorrowableYes
Collateral EnabledNo (E-Mode only)
Supply Cap50,000,000
Borrow Cap40,000,000
Debt CeilingN/A
LTV
Liquidation Threshold
Liquidation Bonus
Liquidation Protocol Fee10%
Reserve Factor25%
Base Variable Borrow Rate0%
Variable Rate Slope 14%
Variable Rate Slope 212%
Optimal Utilization85%

USDe-Stablecoins E-Mode

ParameterUSDeUSDmUSDT0
CollateralYesNoNo
BorrowableNoYesYes
Max LTV90%
Liquidation Threshold93%
Liquidation Bonus2.0%

Oracle

ParameterValue
ContractPriceCapAdapterStable
Underlying OracleUSDT / USD
Capped Price1.04 USD

References

Copyright

Copyright and related rights waived via CC0.

by BGD Labs