aaveSource: Aave governance v3 · #295
Add rlUSD to Core Instance
executedApr 20, 2025, 06:41 PM UTCby570x57ab…2922
01Summary
AISummary by Kvorumclaude-haiku-4-5
AIP to onboard Ripple's rlUSD stablecoin to Aave v3 Core instance on Ethereum with a 50M supply cap, 5M borrow cap, 10% reserve factor, and variable borrow rates between 6.5%-50%.
- Type
- protocol addition
Key changes
- Add rlUSD stablecoin to Aave v3 Core instance with supply cap of 50,000,000 and borrow cap of 5,000,000(high)
- Enable borrowing and collateral functionality for rlUSD with 0% LTV and LT (no collateral usage)(high)
- Set reserve factor at 10% and variable borrow rate curve with 6.5% slope 1 and 50% slope 2(medium)
- Enable flashloan functionality for rlUSD(medium)
- Set emission admin to 0xac140648435d03f784879cd789130F22Ef588Fcd for RLUSD and corresponding aToken(low)
Notable concerns
- 0% LTV and LT means rlUSD cannot be used as collateral despite collateral being enabled
- Debt ceiling set to 0 USD
Contracts0xc855d3935db5f181ee873d70ad97013c1899dc4d0xf0eaC18E908B34770FDEe46d069c846bDa8667590xac140648435d03f784879cd789130F22Ef588Fcd
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
02Description
227 words
Simple Summary
This AIP seeks governance approval to onboard Ripple’s rlUSD stablecoin to the Core instance of Aave v3 on Ethereum.
Motivation
rlUSD is Ripple's stablecoin it's onboarding in the Aave ecosystem is a strategic growth opportunity to reach new audiences.
Specification
The table below illustrates the configured risk parameters for RLUSD
| Parameter | Value |
|---|---|
| Isolation Mode | false |
| Borrowable | ENABLED |
| Collateral Enabled | true |
| Supply Cap (RLUSD) | 50,000,000 |
| Borrow Cap (RLUSD) | 5,000,000 |
| Debt Ceiling | USD 0 |
| LTV | 0 % |
| LT | 0 % |
| Liquidation Bonus | 0 % |
| Liquidation Protocol Fee | 0 % |
| Reserve Factor | 10 % |
| Base Variable Borrow Rate | 0 % |
| Variable Slope 1 | 6.5 % |
| Variable Slope 2 | 50 % |
| Uoptimal | 80 % |
| Flashloanable | ENABLED |
| Siloed Borrowing | DISABLED |
| Borrowable in Isolation | DISABLED |
| Oracle | 0xf0eaC18E908B34770FDEe46d069c846bDa866759 |
Additionally 0xac140648435d03f784879cd789130F22Ef588Fcd has been set as the emission admin for RLUSD and the corresponding aToken.
References
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
AIMismatch analysis by Kvorumlow confidenceclaude-sonnet-5
Consistent
placeholder
Generated by Kvorum
model: claude-sonnet-5
provider: anthropic
profile: anthropic-strong-v1
prompt: v1.0
generated: 2mo ago
04Actions
1 total
#0fallback()chain 0x1
- Target
- 0xc855…dc4d
- Value
- 0 wei
- Function
- fallback()
- Arguments
{}- Calldata
05Tally
Summed from votes
Against0.0%4.5
For100.0%560.3K
Voters116
VP participating560.3K
Outcome (current)For
Current support100%
06Voters
116 total
Filter:
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| 570x57ab…2922 | For | 279.2K | 49.83% | — | 2y ago |
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Showing 50
07Forum
No forum thread is confidently linked to this proposal.
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