KVORUM
aaveSource: Aave governance v3 · #177

Onboard USDC to Aave V3 Lido Instance

executedOct 6, 2024, 03:40 PM UTCby570x57ab…2922

01Summary

AISummary by Kvorumclaude-haiku-4-5

Proposal to add USDC as a borrowable asset to the Aave v3 Lido Instance with a 30M supply cap and 27.6M borrow cap. USDC will not be usable as collateral and has conservative risk parameters (0% LTV, 0% Liquidation Bonus) to limit risk exposure.

Type
protocol addition

Key changes

  • USDC onboarded as borrowable asset on Aave v3 Lido Instance(high)
  • Supply cap set to 30,000,000 USDC(high)
  • Borrow cap set to 27,600,000 USDC(high)
  • USDC not enabled as collateral (0% LTV, 0% LT)(high)
  • Variable borrow rate curve configured with 5.5% Slope 1 and 60% Slope 2 at 92% Uoptimal(medium)
  • Flashloan enabled for USDC(medium)
  • Reserve factor set to 10%(medium)
  • Borrowable in isolation mode enabled(medium)

Notable concerns

  • USDC cannot be used as collateral, limiting its utility as a risk management tool
  • Conservative parameters (0% LTV, 0% Liquidation Bonus) restrict collateral value but reduce protocol risk
Contracts0xd278ba5e3bded95ebd0035b17662a9d02cf1ad090x736bF902680e68989886e9807CD7Db4B3E015d3C
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

261 words

Simple Summary

This proposal aims to onboard USDC to the Aave v3 Lido Instance.

Motivation

The integration of USDC into the Aave v3 Lido Instance is driven by the following factors:

  • Liquidity Enhancement: The inclusion of this widely-used stablecoin is expected to boost liquidity in the Lido Instance, potentially attracting more users and increasing overall platform activity.

  • Strategic Alignment: This move aligns with Aave’s goal of offering a comprehensive suite of high-quality assets, keeping the protocol at the forefront of DeFi liquidity.

Specification

The table below illustrates the configured risk parameters for USDC

ParameterValue
Isolation Modefalse
BorrowableENABLED
Collateral Enabledfalse
Supply Cap (USDC)30,000,000
Borrow Cap (USDC)27,600,000
Debt CeilingUSD 0
LTV0 %
LT0 %
Liquidation Bonus0 %
Liquidation Protocol Fee10 %
Reserve Factor10 %
Base Variable Borrow Rate0 %
Variable Slope 15.5 %
Variable Slope 260 %
Uoptimal92 %
Stable BorrowingDISABLED
FlashloanableENABLED
Siloed BorrowingDISABLED
Borrowable in IsolationENABLED
Oracle0x736bF902680e68989886e9807CD7Db4B3E015d3C

References

Copyright

Copyright and related rights waived via CC0.

03Mismatch analysis

AIMismatch analysis by Kvorum

A calldata-vs-description analysis is not generated yet. Review the decoded actions →

04Actions

1 total
#0fallback()chain 0x1
Target
0xd278…ad09
Value
0 wei
Function
fallback()
Arguments
{}
Calldata

05Tally

Summed from votes

Voters0
VP participating0
Outcome (current)—
Current support—

06Voters

0 total

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07Forum

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