Onboard wrsETH to ZKsync V3 Instance
01Summary
Proposal to onboard wrsETH (wrapped restaking ETH) to Aave V3 on ZKsync as collateral with a 700 supply cap, and to increase rsETH E-Mode parameters on the Prime instance (LTV from 92.5% to 93%, LT from 94.5% to 95%).
- Type
- protocol addition
Key changes
- Onboard wrsETH to Aave V3 ZKsync as collateral with supply cap of 700 wrsETH, not borrowable, LTV 0.05%, LT 0.1%(high)
- Enable wrsETH/wstETH E-Mode on ZKsync with 92.5% LTV and 94.5% LT for wrsETH(high)
- Update rsETH E-Mode parameters on Prime instance: increase LTV from 92.5% to 93% and LT from 94.5% to 95%(medium)
- Set emission admin for wrsETH and aToken to 0x95Cbff6e45C499d45dd8627f3ce179057B5Fbfcc(medium)
- Enable flashloaning for wrsETH(low)
Notable concerns
- wrsETH has very low LTV (0.05%) and LT (0.1%) indicating minimal collateral value in default isolation mode
- Prime instance rsETH E-Mode update is bundled due to Risk Steward not yet deployed on Ethereum, which is a workaround rather than standard procedure
- Borrow cap set to 1 despite borrowing being disabled, creating potential confusion
Generated by Kvorum
02Description
Simple Summary
This is a proposal to onboard wrsETH to the Aave V3 ZKsync Instance allowing Aave users to supply wrsETH as collateral. This proposal will be under Direct to AIP, as there are already on other Aave Instances.
Additionally, this AIP will update the rsETH LST E-Mode of the Prime instance.
Motivation
In order to benefit from the ongoing ZKsync Ignite incentives program, we propose onboarding assets which have proven popular on other Aave instances and are either whitelisted for Ignite incentives, or are good candidates for future whitelisting.
wrsETH is currently the only whitelisted liquid restaking token on ZKsync and has proven popular on the Aave Prime instance, therefore we believe should be onboarded to the Aave Instance on ZKsync too.
Specification
The table below illustrates the configured risk parameters for wrsETH
| Parameter | Value |
|---|---|
| Isolation Mode | false |
| Borrowable | DISABLED |
| Collateral Enabled | true |
| Supply Cap (wrsETH) | 700 |
| Borrow Cap (wrsETH) | 1 |
| Debt Ceiling | USD 0 |
| LTV | 0.05 % |
| LT | 0.1 % |
| Liquidation Bonus | 7.5 % |
| Liquidation Protocol Fee | 10 % |
| Reserve Factor | 10 % |
| Base Variable Borrow Rate | 0 % |
| Variable Slope 1 | 10 % |
| Variable Slope 2 | 300 % |
| Uoptimal | 45 % |
| Flashloanable | ENABLED |
| Siloed Borrowing | DISABLED |
| Borrowable in Isolation | DISABLED |
| Oracle | 0x8d25c9de6DBAd9a9eadfB2CA4706034F6721d555 |
Pricefeed details
| Parameter | Value |
|---|---|
| Oracle | Capped rsETH / ETH / USD |
| BASE/USD Oracle | Chainlink ETH/USD |
| Ratio Provider | rsETH |
| Oracle Latest Answer | (2025-05-27) USD 2726.41712463 |
| min snapshot | 14 days |
| max yearly growth | 9.83% |
wrsETH/wstETH E-Mode
| Parameter | Value | Value |
|---|---|---|
| Asset | wrsETH | wstETH |
| Collateral | Yes | No |
| Borrowable | No | Yes |
| LTV | 92.50% | - |
| LT | 94.50% | - |
| Liquidation Penalty | 1.00% | - |
Additionally 0x95Cbff6e45C499d45dd8627f3ce179057B5Fbfcc has been set as the emission admin for wrsETH and the corresponding aToken.
Prime rsETH LST E-Mode Update
| Parameter | Value | Value |
|---|---|---|
| Asset | rsETH | wstETH |
| Collateral | Yes | No |
| Borrowable | No | Yes |
| LTV | - | |
| LT | - | |
| Liquidation Penalty | 1.00% | - |
This E-Mode update come from this AIP. It wasn’t included in the AIP itself because it could be executed via the Risk Steward. However, since the new version of the Risk Steward has not yet been deployed on the Ethereum Prime instance, we’re currently unable to update the E-mode through it. As a result, we are proposing to bundle this change into the current rsETH ZkSync onboarding AIP.
References
- Implementation: AaveV3ZkSync
- Tests: AaveV3ZkSync
- Snapshot: Direct-to-AIP
- Discussion
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
The proposal description is highly detailed, specifying exact risk parameters for onboarding wrsETH on Aave V3 ZKsync, a new E-Mode, an emission admin assignment, and a Prime instance rsETH E-Mode update. However, the decoded calldata contains only a single generic execute() (fallback()) call to a contract on Ethereum mainnet, with no arguments decoded. This is the typical pattern for Aave Governance V3 proposals, where the actual granular logic (asset listing parameters, e-mode configuration, cross-chain relay to the ZKsync executor) is encoded inside the target Payload contract's bytecode rather than exposed as decoded top-level calldata. Because the decoded action carries no parameters, it is not possible to independently verify that the numeric values (LTV, LT, caps, oracle addresses, emission admin address, Prime e-mode changes) in the description match what the payload contract will actually execute. No contradiction was found, but this is due to lack of visibility into the payload's internals rather than confirmed alignment. Given this, confidence in the comparison is low, and no discrepancy is asserted since none can be substantiated from the available calldata — flagging one here would be speculative rather than evidence-based.
Generated by Kvorum
04Actions
- Target
- 0xcbad…6587
- Value
- 0 wei
- Function
- fallback()
- Arguments
{}- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 570x57ab…2922 | For | 297.9K | 52.88% | — | 1y ago |
| 2E0x2e21…f21a | For | 104.3K | 18.52% | — | 1y ago |
| EZezr3al.eth0x8659…7d0e | For | 57.6K | 10.23% | — | 1y ago |
| B90xb933…8dd1 | For | 39.6K | 7.02% | — | 1y ago |
| EC0xecc2…6ac9 | For | 21.8K | 3.87% | — | 1y ago |
| 3D0x3ddc…05b0 | For | 20.1K | 3.56% | — | 1y ago |
| 8B0x8b37…2a22 | For | 10.9K | 1.93% | — | 1y ago |
| 2C0x2cc1…4df1 | For | 5.5K | 0.98% | — | 1y ago |
| 080x0865…24ce | For | 2K | 0.36% | — | 1y ago |
| 440x4444…34b3 | For | 1.7K | 0.31% | — | 1y ago |
| 620x6276…b4e8 | For | 603.9 | 0.11% | — | 1y ago |
| B30xb356…c826 | For | 480 | 0.09% | — | 1y ago |
| A50xa54f…0f31 | For | 270 | 0.05% | — | 1y ago |
| 3C0x3c25…5363 | For | 200.5 | 0.04% | — | 1y ago |
| F10xf13c…6dd3 | For | 141.6 | 0.03% | — | 1y ago |
| 9A0x9a62…3e0e | For | 57.8 | 0.01% | — | 1y ago |
| 7D0x7dcc…9fca | For | 22.5 | 0.00% | — | 1y ago |
| 7E0x7ee5…a6c1 | For | 20 | 0.00% | — | 1y ago |
| 640x649f…35b8 | For | 10.4 | 0.00% | — | 1y ago |
| BB0xbb86…3527 | For | 4.8 | 0.00% | — | 1y ago |
| 2F0x2f2f…f78a | For | 2 | 0.00% | — | 1y ago |
| C50xc554…7759 | For | 1 | 0.00% | — | 1y ago |
| 050x0579…4048 | For | 1 | 0.00% | — | 1y ago |
| 2E0x2e00…67fa | For | 1 | 0.00% | — | 1y ago |
| 7D0x7d40…ef1d | For | 0.6 | 0.00% | — | 1y ago |
| 010x019e…2ee3 | For | 0.3 | 0.00% | — | 1y ago |
| 6E0x6e54…aea3 | For | 0.3 | 0.00% | — | 1y ago |
| 010x0100…7cc9 | For | 0.2 | 0.00% | — | 1y ago |
| EF0xefdb…3c77 | For | 0.2 | 0.00% | — | 1y ago |
| 160x168f…7400 | For | 0.1 | 0.00% | — | 1y ago |
| 930x93fd…f5bc | For | 0 | 0.00% | — | 1y ago |
| D80xd8de…ae41 | For | 0 | 0.00% | — | 1y ago |
| CB0xcb15…a1a0 | For | 0 | 0.00% | — | 1y ago |
07Forum
No forum thread is confidently linked to this proposal.
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