KVORUM
aaveSource: Aave governance v3 · #125

GHO Cross-Chain - Part 2

executedJun 30, 2024, 03:42 PM UTCby660x66a2…73ff

01Summary

AISummary by Kvorumclaude-haiku-4-5

This proposal (Part 2 of GHO Cross-Chain) configures GHO as a borrowable asset on the Arbitrum Aave V3 Pool with a 1M supply cap and 900K borrow cap, using risk parameters designed by Chaos Labs. GHO cannot be used as collateral and stable borrowing is disabled.

Type
protocol addition

Key changes

  • GHO enabled as borrowable asset on Arbitrum Aave V3 Pool(high)
  • Supply cap set to 1,000,000 GHO(high)
  • Borrow cap set to 900,000 GHO(high)
  • GHO configured as non-collateral asset with 0% LTV and 0% LT(high)
  • Reserve factor set to 10%(medium)
  • Variable Slope 1 at 12% and Variable Slope 2 at 65% with 90% Uoptimal(medium)
  • Flashloaning enabled for GHO(medium)
  • Stable borrowing disabled for GHO(medium)

Notable concerns

  • GHO cannot serve as collateral on Arbitrum, limiting its utility in the protocol
  • Borrow cap of 900K is 90% of supply cap, leaving minimal buffer
ContractsArbitrum Aave V3 Pool
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

326 words

Simple Summary

This AIP is the Part 2 for the GHO Cross-Chain proposal and proposes the configuration of GHO on Arbitrum Aave V3 Pool in connection with the cross-chain implementation strategy.

Following the successful expansion of GHO to the Arbitrum network, this AIP proposes to onboard GHO into the Arbitrum Aave Pool as a borrowable asset, adopting risk parameters formulated by Chaos Labs.

Motivation

The implementation of the GHO Cross Chain proposal required the proposal AIP to be split into two separate AIPs. This proposal is the second AIP (“Part 2”) for configuration of GHO on Arbitrum Aave Pool adopting risk parameters formulated by Chaos Labs.

Specification

The table below illustrates the configured risk parameters for GHO

ParameterValue
Isolation Modefalse
BorrowableENABLED
Collateral Enabledfalse
Supply Cap (GHO)1,000,000
Borrow Cap (GHO)900,000
Debt CeilingUSD 0
LTV0 %
LT0 %
Liquidation Bonus0 %
Liquidation Protocol Fee0 %
Reserve Factor10 %
Base Variable Borrow Rate0 %
Variable Slope 112 %
Variable Slope 265 %
Uoptimal90 %
Stable BorrowingDISABLED
Stable Slope10 %
Stable Slope20 %
Base Stable Rate Offset0 %
Stable Rate Excess Offset0 %
Optimal Stable To Total Debt Ratio0 %
FlashloanableENABLED
Siloed BorrowingDISABLED
Borrowable in IsolationDISABLED
Oracle0xB05984aD83C20b3ADE7bf97a9a0Cb539DDE28DBb

References

Copyright

Copyright and related rights waived via CC0.

03Mismatch analysis

AIMismatch analysis by Kvorum

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04Actions

0 total

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05Tally

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VP participating0
Outcome (current)—
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06Voters

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07Forum

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