GHO Gnosis Launch
01Summary
This AIP expands GHO, Aave's native stablecoin, to Gnosis Chain via Chainlink CCIP. It establishes cross-chain bridges with rate limits, deploys GHO as a borrowable asset on Aave V3 Gnosis with specific risk parameters (2.5M supply cap, 2.25M borrow cap), configures governance stewards, and sets the ACI multisig as Emission Admin for rewards.
- Type
- protocol addition
Key changes
- Configure Chainlink CCIP lanes between chains with 1,500,000 GHO rate limit capacity and 300 GHO per second refill rate, backed by 40M GHO Facilitator mint cap on Ethereum(high)
- Deploy and activate GhoAaveSteward, GhoBucketSteward, and GhoCcipSteward on Gnosis Chain to control GHO parameters and CCIP lane configuration(high)
- List GHO as borrowable asset on Aave V3 Gnosis Chain with 2,500,000 supply cap and 2,250,000 borrow cap(high)
- Set ACI multisig (0xac140648435d03f784879cd789130F22Ef588Fcd) as Emission Admin for GHO and aGHO rewards on Gnosis Chain(medium)
- Configure risk parameters including 10% Reserve Factor, 6.5% Variable Slope 1, 50% Variable Slope 2, and 90% Uoptimal with GHO non-collateralized (0% LTV, 0% LT)(high)
Notable concerns
- GHO will not be accepted as collateral on Gnosis Chain (LTV and LT both 0%), limiting its utility as a risk-free asset
- Initial liquidity provision mentioned as security measure but amount and source not specified in proposal
- Risk Council maintains permission to edit configurations, introducing governance centralization risk through Steward contracts
Generated by Kvorum
02Description
Simple Summary
This AIP proposes the expansion of GHO, the native asset of the Aave Protocol, to the Gnosis Chain network utilizing the Chainlink Cross-Chain Interoperability Protocol (CCIP). This follows the consensus reached in the ARFC phase initiated by kpk.
The necessary smart contracts and configurations have been developed and reviewed to ensure a secure deployment on Gnosis Chain.
Motivation
Building on GHO's presence on other networks, expanding to Gnosis Chain offers significant advantages. Gnosis is known for its low transaction fees, an engaged community, and a rapidly growing suite of DeFi applications, particularly focused on Real World Assets (RWAs) and innovative payment solutions like Gnosis Pay. This expansion aims to increase GHO's utility, provide the foundation for sGHO deployment on Gnosis, and ultimately enhance Aave's Total Value Locked (TVL) and revenue on this chain.
Specification
This AIP includes a series of actions required to launch GHO on Gnosis Chain:
- Configure new Chainlink CCIP lanes between the chains GHO is listed with a rate limit capacity of *1,500,000 GHO** and **300 GHO per second** refill rate. An Ethereum-based GHO Facilitator with a specified mint cap of 40M GHO will support this bridge.
- Configure and activate GhoAaveSteward, GhoBucketSteward, and GhoCcipSteward on Gnosis Chain to control GHO listing parameters and the CCIP lane configuration.
- List GHO as a borrowable asset on the Aave V3 Gnosis Chain pool, with the risk configuration specified below (derived from the ARFC). Initial liquidity may be provided to the pool as a security measure to facilitate a stable launch.
- Set ACI multisig (
0xac140648435d03f784879cd789130F22Ef588Fcd) as Emission Admin for GHO and aGHO rewards on Gnosis Chain, as specified and approved in the ARFC.
The table below illustrates the configured risk parameters for GHO on Gnosis Chain:
| Parameter | Value |
|---|---|
| Isolation Mode | false |
| Borrowable | ENABLED |
| Collateral Enabled | false |
| Supply Cap | 2,500,000 |
| Borrow Cap | 2,250,000 |
| 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 | 90 % |
| Flashloanable | ENABLED |
| Siloed Borrowing | DISABLED |
| Borrowable in Isolation | DISABLED |
| Oracle | 0x360d8aa8F6b09B7BC57aF34db2Eb84dD87bf4d12 |
The table below contains newly deployed Contracts on Gnosis Chain.
| Name | Address |
|---|---|
| Token Pool | 0xDe6539018B095353A40753Dc54C91C68c9487D4E |
| GHO Token | 0xfc421aD3C883Bf9E7C4f42dE845C4e4405799e73 |
| GhoCcipSteward | 0x06179f7C1be40863405f374E7f5F8806c728660A |
| GhoAaveSteward | 0x6e637e1E48025E51315d50ab96d5b3be1971A715 |
| GhoBucketSteward | 0x6Bb7a212910682DCFdbd5BCBb3e28FB4E8da10Ee |
The Risk Council (0x8513e6F37dBc52De87b166980Fa3F50639694B60) has permission to edit configurations through the Steward contracts.
References
- Implementation: AaveV3Ethereum, AaveV3Arbitrum, AaveV3Base,AaveV3Avalanche, AaveV3GnosisLaunch, AaveV3GnosisListing
- Tests: AaveV3Ethereum, AaveV3Arbitrum, AaveV3Base, AaveV3Avalanche,AaveV3GnosisLaunch, AaveV3GnosisListing, E2EFlow
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
The proposal description is detailed and specific, laying out CCIP lane parameters, steward deployments, GHO listing risk parameters, and an emission admin assignment, all consistent with a standard Aave cross-chain GHO launch proposal pattern seen in prior AIPs. However, the decoded on-chain calldata contains only a single generic action: a call to execute() (fallback) on an Ethereum address, with no further decoded arguments or sub-calls. This is the expected top-level entry point for Aave's payload-based governance execution model, where the actual granular logic (CCIP configuration, steward setup, listing parameters, emission admin) is encoded inside the target contract's bytecode and executed via delegatecall from the Aave short executor, rather than being passed as explicit calldata arguments to the governance action itself. Because only this single opaque action is decoded, it is not possible to verify the specific numeric parameters (rate limits, mint caps, risk parameters, addresses) against the calldata directly. There is no evidence of contradiction between the description and the visible action, but there is also insufficient granularity to confirm exact matches for each claimed sub-action. Given this structural limitation typical of multi-chain Aave proposals, I do not flag any discrepancies, but confidence is set to low since a full comparison of parameter-level claims against calldata is not possible from the single decoded action provided.
Generated by Kvorum
04Actions
- Target
- 0x6a8e…ef70
- Value
- 0 wei
- Function
- fallback()
- Arguments
{}- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 570x57ab…2922 | For | 276.9K | 50.86% | — | 1y ago |
| EZezr3al.eth0x8659…7d0e | For | 133.8K | 24.58% | — | 1y ago |
| B90xb933…8dd1 | For | 39.6K | 7.27% | — | 1y ago |
| EC0xecc2…6ac9 | For | 25.1K | 4.61% | — | 1y ago |
| 870x8787…ea52 | For | 25.1K | 4.60% | — | 1y ago |
| 3D0x3ddc…05b0 | For | 20.2K | 3.70% | — | 1y ago |
| 8B0x8b37…2a22 | For | 10.9K | 2.00% | — | 1y ago |
| 7A0x7ae1…e585 | For | 10.4K | 1.91% | — | 1y ago |
| 080x0865…24ce | For | 2K | 0.37% | — | 1y ago |
| C80xc80a…aa1c | For | 245.2 | 0.05% | — | 1y ago |
| F10xf13c…6dd3 | For | 209 | 0.04% | — | 1y ago |
| 4D0x4d5b…3124 | For | 6.1 | 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 |
| C30xc327…a7b5 | For | 0.4 | 0.00% | — | 1y ago |
| 010x019e…2ee3 | For | 0.3 | 0.00% | — | 1y ago |
| 160x168f…7400 | For | 0.1 | 0.00% | — | 1y ago |
| 290x29bc…d91d | For | 0.1 | 0.00% | — | 1y ago |
| 4D0x4d4a…1bdf | For | 0 | 0.00% | — | 1y ago |
07Forum
No forum thread is confidently linked to this proposal.
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