KVORUM
aaveSource: Aave governance v3 · #276

Onboard eBTC and Add eBTC/WBTC E-Mode

canceledby570x57ab…2922

01Summary

AISummary by Kvorumclaude-haiku-4-5

This proposal onboards eBTC to Aave V3 Core Instance and creates a liquid E-Mode for eBTC/WBTC pairs to improve capital efficiency for borrowers using these assets as collateral, following passed temperature checks.

Type
protocol addition

Key changes

  • Onboard eBTC as collateral asset on Ethereum with supply cap of 750, LTV of 67%, and liquidation threshold of 72%(high)
  • Add eBTC/WBTC liquid E-Mode with eBTC as collateral (83% max LTV, 85% liquidation threshold) and WBTC as borrowable asset(high)
  • Set 0xac140648435d03f784879cd789130F22Ef588Fcd as emission admin for eBTC and corresponding aToken(medium)
  • Configure eBTC with 10% liquidation bonus, 10% liquidation protocol fee, and 50% reserve factor(medium)
ContractsAaveV3Ethereum
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

405 words

Simple Summary

This proposal aims to onboard eBTC for the Core Instance, and add a WBTC liquid E-Mode. By implementing this change, we seek to enhance capital efficiency for borrowers using eBTC/WBTC as collateral.

Both TEMP CHECK and TEMP CHECK Snapshot have passed recently.

Motivation

The motivation behind this proposal stems from several key factors:

  • High Utilization: eBTC/WBTC has demonstrated significant usage as collateral for borrowing stablecoins on the platform.
  • Capital Efficiency: Enabling liquid E-Mode for eBTC/WBTC will allow borrowers to substantially improve their capital efficiency when using this asset as collateral.
  • Controlled Growth: Liquid E-Mode provides a mechanism for more precise control over the growth and borrow demand in relation to the overall stablecoin liquidity within Aave v3 on Core Instance.
  • Enhanced Borrowing Capacity: This change will enable users to borrow larger amounts of other stablecoins against their eBTC/WBTC collateral, potentially increasing platform utilization and revenue.

By implementing this proposal, we aim to optimize the use of eBTC/WBTC within the Aave ecosystem, attracting more liquidity.

Specification

The table below illustrates the configured risk parameters for eBTC

ParameterValue
NetworkEthereum
Isolation ModeNo
BorrowableNo
Collateral EnabledYes
Supply Cap750
Borrow Cap1
Debt Ceiling0
LTV67%
LT72%
Liquidation Bonus10%
Liquidation Protocol Fee10%
Variable Base0%
Variable Slope14%
Variable Slope2300%
Uoptimal45%
Reserve Factor50%
FlashloanableNo
Siloed BorrowingNo
Oracle0x95a85D0d2f3115702d813549a80040387738A430

Additionally 0xac140648435d03f784879cd789130F22Ef588Fcd has been set as the emission admin for eBTC and the corresponding aToken.

Finally, this proposal will add eBTC/WBTC liquid E-Mode

ParameterValueValue
AsseteBTCWBTC
CollateralYesNo
BorrowableNoYes
Max LTV83%-
Liquidation Threshold85%-
Liquidation Bonus3.0%-

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

0 total

This proposal carries no on-chain actions.

05Tally

Summed from votes

Voters0
VP participating0
Outcome (current)—
Current support—

06Voters

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07Forum

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