KVORUM
aaveSource: Aave governance v3 · #317

Onboarding wETH to Aave V3 Celo Instance

executedJun 1, 2025, 01:28 PM UTCby570x57ab…2922

01Summary

AISummary by Kvorumclaude-haiku-4-5

Proposal to onboard Wrapped Ether (wETH) as a supported asset on Aave V3 Celo Instance with configured risk parameters including 500 WETH supply cap, 450 WETH borrow cap, 78% LTV, and 80% liquidation threshold to expand protocol utility and increase TVL.

Type
protocol addition

Key changes

  • Add wETH as supported asset for lending and borrowing on Aave V3 Celo(high)
  • Set supply cap at 500 WETH and borrow cap at 450 WETH(high)
  • Configure LTV at 78% and liquidation threshold at 80%(high)
  • Enable wETH as collateral with 7.5% liquidation bonus(high)
  • Enable flashloan functionality for wETH(medium)
  • Set emission admin at 0xac140648435d03f784879cd789130F22Ef588Fcd(medium)
  • Configure variable borrow rate with 0% base rate, 2.7% slope 1, and 80% slope 2(medium)

Notable concerns

  • Debt ceiling set to USD 0 indicating restrictions on isolation mode borrowing
  • Siloed borrowing disabled for wETH
  • Non-borrowable in isolation mode
ContractsAave V3 Celo Instance
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

269 words

Simple Summary

This AIP proposes the onboarding of Wrapped Ether (wETH) as a supported asset on the Aave V3 Celo Instance. The integration aims to expand the protocol’s utility and provide users with additional opportunities for lending and borrowing.

Motivation

The addition of wETH to Aave V3 on Celo would:

  • Increase TVL and protocol revenue
  • Provide users with a major DeFi asset for lending/borrowing
  • Enable cross-chain strategies involving ETH
  • Enhance the protocol’s competitive position in the Celo ecosystem

Specification

The table below illustrates the configured risk parameters for WETH

ParameterValue
Isolation Modefalse
BorrowableENABLED
Collateral Enabledtrue
Supply Cap (WETH)500
Borrow Cap (WETH)450
Debt CeilingUSD 0
LTV78 %
LT80 %
Liquidation Bonus7.5 %
Liquidation Protocol Fee10 %
Reserve Factor15 %
Base Variable Borrow Rate0 %
Variable Slope 12.7 %
Variable Slope 280 %
Uoptimal90 %
FlashloanableENABLED
Siloed BorrowingDISABLED
Borrowable in IsolationDISABLED
OracleChainlink ETH/USD

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

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

Voters24
VP participating584.6K
Outcome (current)For
Current support100%

06Voters

24 total
Filter:
VoterChoice% of totalRationale
570x57ab…2922For279.7K47.85%—2y ago
2E0x2e21…f21aFor124.3K21.27%—2y ago
EZezr3al.eth0x8659…7d0eFor53.9K9.23%—2y ago
B90xb933…8dd1For39.6K6.78%—2y ago
870x8787…ea52For24.8K4.23%—2y ago
EC0xecc2…6ac9For21.8K3.73%—2y ago
3D0x3ddc…05b0For20.1K3.43%—2y ago
8B0x8b37…2a22For10.9K1.87%—2y ago
2C0x2cc1…4df1For5.5K0.94%—2y ago
080x0865…24ceFor2K0.35%—2y ago
AD0xad21…f892For803.10.14%—2y ago
620x6276…b4e8For603.90.10%—2y ago
B30xb356…c826For480.30.08%—1y ago
7D0x7dcc…9fcaFor22.50.00%—2y ago
050x0579…4048For2.10.00%—2y ago
2F0x2f2f…f78aFor20.00%—2y ago
C50xc554…7759For10.00%—2y ago
2E0x2e00…67faFor10.00%—2y ago
010x019e…2ee3For0.30.00%—2y ago
0F0x0f0a…1b0dFor0.10.00%—2y ago
F40xf404…9b14For0.10.00%—2y ago
E50xe5bd…7091For00.00%—1y ago
CD0xcdaa…f2e5For00.00%—1y ago
E40xe408…738dFor00.00%—2y ago
Showing 24

07Forum

No forum thread is confidently linked to this proposal.