KVORUM
aaveSource: Aave governance v3 · #408

XPL Onboarding

executedNov 11, 2025, 03:53 PM UTCby570x57ab…2922

01Summary

AISummary by Kvorumclaude-haiku-4-5

Proposal to onboard WXPL (wrapped XPL, the native token of Plasma blockchain) to Aave V3 Plasma Instance with collateral enabled, 14M supply cap, very conservative LTV/LT parameters (0.05%/0.1%), and E-Mode support with up to 50% max LTV for WXPL/USDT0 pair. XPL was previously approved but paused; now being reconsidered due to sufficient liquidity.

Type
protocol addition

Key changes

  • Onboard WXPL as collateral asset to Aave V3 Plasma Instance with 14,000,000 supply cap(high)
  • Set WXPL LTV at 0.05% and Liquidation Threshold at 0.1% with 10% liquidation bonus(high)
  • Enable E-Mode for WXPL with 50% max LTV and 55% liquidation threshold when paired with USDT0(medium)
  • Designate ACI LM (0xac140648435d03f784879cd789130F22Ef588Fcd) as emission admin for XPL incentives(medium)
  • WXPL not borrowable and not in isolation mode(medium)

Notable concerns

  • Very conservative LTV (0.05%) and LT (0.1%) suggest cautious risk posture
  • Token was previously paused despite earlier governance approval; proposal cites sufficient liquidity as justification for reconsideration
ContractsAaveV3Plasma0xac140648435d03f784879cd789130F22Ef588Fcd
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

281 words

Simple Summary

This AIP proposes to onboard XPL to Aave V3 Plasma Instance.

This proposal will be a Direct to AIP.

Motivation

XPL is the native token of the Plasma blockchain. It was initially approved by governance for onboarding to the Plasma instance during the Plasma instance deployment yet was paused due to reservations of some service providers. Given there is now sufficient liquidity for the token we believe it is time to reconsider onboarding XPL to the Plasma instance.

Specification

ParameterValue
AssetWXPL
Isolation ModeNo
BorrowableNo
Collateral EnabledYes
Supply Cap14,000,000
Borrow Cap-
Debt Ceiling-
LTV0.05%
LT0.1%
Liquidation Bonus10%
Liquidation Protocol Fee10%
Variable Base-
Variable Slope1-
Variable Slope2-
Uoptimal-
Reserve Factor-

E-Mode

ParameterValueValue
AssetWXPLUSDT0
CollateralYesNo
BorrowableNoYes
Max LTV50%-
Liquidation Threshold55%-
Liquidation Bonus10%-

Additionally add ACI LM (0xac140648435d03f784879cd789130F22Ef588Fcd](https://plasmascan.to/address/0xac140648435d03f784879cd789130F22Ef588Fcd) has emission admin for XPL incentive.

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

Voters0
VP participating0
Outcome (current)—
Current support—

06Voters

0 total

No votes recorded yet.

07Forum

No forum thread is confidently linked to this proposal.