KVORUM
aaveSource: Aave governance v3 · #226

Aave v3 Gnosis Instance Updates Part 1

executedJan 7, 2025, 06:10 PM UTCby570x57ab…2922

01Summary

AISummary by Kvorumclaude-haiku-4-5

This AIP proposes three updates to Aave v3 on Gnosis Chain: removing GNO from isolation mode to reduce restrictions, lowering EURe reserve factor from 20% to 10% to incentivize lending, and creating a new E-mode for sDAI (collateral) and EURe (borrowable) with 85% LTV and 87.5% liquidation threshold to improve capital efficiency.

Type
parameter change

Key changes

  • Remove GNO from isolation mode(high)
  • Reduce EURe reserve factor from 20% to 10%(medium)
  • Create new E-mode for sDAI and EURe with 85% max LTV and 87.5% liquidation threshold(high)
ContractsAaveV3Gnosis
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

242 words

Simple Summary

This AIP proposes several updates to the Aave v3 Gnosis instance to improve capital efficiency and add new use cases on the network. The key changes include removing GNO from isolation mode, adjusting the reserve factor for EURe, and creating a new relevant E-mode.

Motivation

GNO has demonstrated strong stability and market presence on Gnosis Chain, making isolation mode unnecessarily restrictive and hindering network growth. Removing GNO from isolation mode will facilitate further expansion of the network.

The reduction in the EURe reserve factor aligns with the asset's performance and incentivizes increased lending activity.

introducing a new E-mode for sDAI & EURe will enhance capital efficiency and foster synergies between stable assets. The unique combination of EUR and USD borrowing opportunities is a distinct advantage for Gnosis Chain.

Specification

Rates and parameters updates

  • Remove GNO from isolation mode
  • change EURe Reserve Factor from 20% to 10%

E-Modes

The followings E-mode will be created:

ParameterValueValue
AssetsDAIEURe
CollateralYesNo
BorrowableNoYes
Max LTV85%85%
Liquidation Threshold87.5%87.5%
Liquidation Bonus5%5%

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

Summed from votes

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Outcome (current)—
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06Voters

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07Forum

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