KVORUM
aaveSource: Aave governance v3 · #375

Add EURC to Avalanche V3 Instance

executedSep 16, 2025, 06:58 PM UTCby570x57ab…2922

01Summary

AISummary by Kvorumclaude-haiku-4-5

Proposal to add EURC (Circle's EUR-backed stablecoin) as a new asset to Aave's Avalanche V3 instance with a 3M supply cap and 2.8M borrow cap, featuring standard risk parameters (75% LTV, 78% LT) and Chainlink oracle pricing.

Type
protocol addition

Key changes

  • Add EURC stablecoin to Avalanche V3 with borrowing enabled and collateral support(high)
  • Set supply cap at 3,000,000 EURC and borrow cap at 2,800,000 EURC(high)
  • Configure risk parameters including 75% LTV, 78% liquidation threshold, 5% liquidation bonus, and 10% reserve factor(high)
  • Enable flashloan functionality for EURC(medium)
  • Integrate Chainlink EURC/USD oracle for price feeds(high)
ContractsAaveV3AvalancheEURC token contractChainlink EURC/USD Oracle
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

380 words

Simple Summary

The current ARFC proposes to add EURC on Avalanche V3 Instance. EURC is Circle’s EUR-backed stablecoin, enhancing liquidity and expanding the platform’s appeal to European users.

Motivation

EURC is a fully backed stablecoin pegged to the Euro, issued by Circle, the same entity behind USDC. It is a reliable and transparent Euro-denominated asset gaining adoption across DeFi protocols.

  • Utility and Role: EURC facilitates Euro-based transactions in DeFi, allowing for a stable store of value and an efficient medium of exchange within the ecosystem.
  • Backers: Circle is a trusted issuer with a track record of regulatory compliance, providing confidence in EURC’s stability.
  • Performance: EURC has demonstrated consistent performance and adoption within the broader DeFi space such as Morpho (3M), Alien(4M) and Aerodome (3M).
  • Euro Liquidity: EURC will offer Aave users access to Euro-denominated liquidity, appealing to the European market.
  • Broader User Base: Listing EURC could attract new users from Europe, diversifying Aave’s stablecoin offerings.
  • Increased Liquidity: The addition of EURC can enhance liquidity across Aave’s markets, improving lending, borrowing, and trading experiences.

Specification

The table below illustrates the configured risk parameters for EURC

ParameterValue
Isolation Modefalse
BorrowableENABLED
Collateral Enabledtrue
Supply Cap (EURC)3,000,000
Borrow Cap (EURC)2,800,000
Debt CeilingUSD 0
LTV75 %
LT78 %
Liquidation Bonus5 %
Liquidation Protocol Fee10 %
Reserve Factor10 %
Base Variable Borrow Rate0 %
Variable Slope 16 %
Variable Slope 250 %
Uoptimal90 %
FlashloanableENABLED
Siloed BorrowingDISABLED
Borrowable in IsolationDISABLED

Oracle details

ParameterValue
OracleChainlink EURC/USD

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

References

Copyright

Copyright and related rights waived via CC0.

03Mismatch analysis

AIMismatch analysis by Kvorum

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04Actions

0 total

This proposal carries no on-chain actions.

05Tally

Summed from votes

Voters47
VP participating554.8K
Outcome (current)For
Current support100%

06Voters

47 total

No votes recorded yet.

07Forum

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