KVORUM
aaveSource: Aave governance v3 · #431

Onboard syrupUSDC to Aave V3 Base Instance

canceledby570x57ab…2922

01Summary

AISummary by Kvorumclaude-haiku-4-5

Proposal to onboard syrupUSDC to Aave V3 Base Instance as a collateral asset with a 50M supply cap, paired with an eMode allowing USDC and GHO borrowing against syrupUSDC collateral at 90% max LTV.

Type
protocol addition

Key changes

  • Onboard syrupUSDC as collateral asset on Aave V3 Base Instance with supply cap of 50,000,000(high)
  • Create eMode for syrupUSDC/stablecoin allowing USDC and GHO borrowing with 90% max LTV and 92% liquidation threshold(high)
  • Set collateral parameters including 0.05% LTV, 0.1% liquidation threshold, 4% liquidation bonus, and 50% reserve factor(medium)
  • Enable flashloans on syrupUSDC while disabling borrowing, isolation mode, and siloed borrowing(medium)
  • Designate 0xac140648435d03f784879cd789130F22Ef588Fcd as emission admin for syrupUSDC and corresponding aToken(low)

Notable concerns

  • Very low standalone LTV (0.05%) and liquidation threshold (0.1%) suggest syrupUSDC is not intended as primary collateral outside eMode
  • Oracle uses 7-day minimum snapshot delay with 8.04% max yearly growth cap to protect against price manipulation
  • Borrowing is disabled for syrupUSDC itself despite being collateral, limiting direct use cases
  • Proposal proceeded under Direct-to-AIP framework rather than standard governance process
ContractsAaveV3BasesyrupUSDC oraclesyrupUSDC-USDC exchange rate provider
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

442 words

Simple Summary

This AIP proposes to onboard syrupUSDC to Aave V3 Base Instance.

Motivation

With the recent approval of syrupUSDC on the Core Instance following BGD Labs’ updated technical review we now propose to onboard syrupUSDC to the Base Instance. We propose this under the Direct to AIP framework.

We believe that the Base instance has strong growth prospects and with an increase in high demand collateral assets we will see rate of growth pick up. syrupUSDC is a good candidate for onboarding to Base for these reasons.

We recommend an eMode be created with USDC and GHO as borrow assets.

Specification

The table below illustrates the configured risk parameters for syrupUSDC

ParameterValue
Isolation Modefalse
BorrowableDISABLED
Collateral Enabledtrue
Supply Cap (syrupUSDC)50,000,000
Borrow Cap (syrupUSDC)1
Debt CeilingUSD 0
LTV0.05 %
LT0.1 %
Liquidation Bonus4 %
Liquidation Protocol Fee10 %
Reserve Factor50 %
Base Variable Borrow Rate0 %
Variable Slope 110 %
Variable Slope 2300 %
Uoptimal45 %
FlashloanableENABLED
Siloed BorrowingDISABLED
Borrowable in IsolationDISABLED

Oracle details

ParameterValue
OracleCapped SyrupUSDC / USDC / USD
Ratio ProvidersyrupUSDC-USDC Exchange Rate
Underlying oracleCapped USDC/USD
Minimum Snapshot delay7 days
Max yearly growth8.04%
Last Answer(2025-12-23) USD 1.14277342

Emodes

syrupUSDC/stablecoin

ParameterValueValueValue
AssetsyrupUSDCUSDCGHO
CollateralYesNoNo
BorrowableNoYesYes
Max LTV90.00%--
Liquidation Threshold92.00%--
Liquidation Bonus4.00%--

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

Disclaimer

ACI is not directly affiliated with Maple and did not receive compensation for the creation of this proposal.

References

Copyright

Copyright and related rights waived via CC0.

03Mismatch analysis

AIMismatch analysis by Kvorum

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04Actions

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