Aave V3.6 Mantle Activation

Simple Summary

This proposal allows the Aave governance to activate the Aave V3 Mantle pool (3.6) by completing all the initial setup and listing WETH, WMNT, USDT0, USDC, USDe, sUSDe, FBTC, syrupUSDT, wrsETH as suggested by the risk service providers engaged with the DAO on the governance forum.

All the Aave Mantle V3 addresses can be found in the aave-address-book.

Motivation

All the governance procedures for the expansion of Aave v3 to Mantle have been finished, said:

• Positive signaling and approval regarding the expansion on the governance forum, and snapshot.
• Positive technical evaluation done by BGD Labs of the Mantle network, as described in the forum in detail.
• Positive risk analysis and assets/parameters recommendation by the risk service providers.

Specification

The proposal will do the following:

• List the following assets on Aave V3 Mantle: WETH, WMNT, USDT0, USDC, USDe, sUSDe, FBTC, syrupUSDT, wrsETH.
• Set the risk steward as the risk admin by executing ACL_MANAGER.addRiskAdmin().
• Set the guardian address as the pool admin by executing ACL_MANAGER.addPoolAdmin(). This is following the standard procedure of keeping pool admin on the Aave Guardian during the bootstrap period, for security.
• Set ACI multi-sig as liquidity mining admin for all aTokens and underlying tokens by calling EMISSION_MANAGER.setEmissionAdmin() method.

The table below illustrates the configured risk parameters for the assets to be listed:

Parameter	WETH	WMNT	USDT0	USDC	USDe	GHO	sUSDe	FBTC	syrupUSDT	wrsETH
Isolation Mode	true	true	false	false	false	false	false	false	false	false
Borrowable	ENABLED	DISABLED	ENABLED	ENABLED	ENABLED	ENABLED	DISABLED	DISABLED	DISABLED	DISABLED
Collateral Enabled	true	true	false	false	false	false	false	false	false	false
Supply Cap	30,000	5,000,000	50,000,000	10,000,000	40,000,000	20,000,000	80,000,000	50	70,000,000	18,000
Borrow Cap	28,000	1	47,500,000	9,500,000	36,000,000	18,000,000	1	1	1	1
Debt Ceiling	USD 30,000,000	USD 2,000,000	USD 0	USD 0	USD 0	USD 0	USD 0	USD 0	USD 0	USD 0
LTV	80.5 %	40 %	0 %	0 %	0 %	0 %	0 %	0 %	0 %	0 %
LT	83 %	45 %	0 %	0 %	0 %	0 %	0 %	0 %	0 %	0 %
Liquidation Bonus	5.5 %	10 %	0 %	0 %	0 %	0 %	0 %	0 %	0 %	0 %
Liquidation Protocol Fee	10 %	10 %	10 %	10 %	10 %	0 %	10 %	10 %	10 %	10 %
Reserve Factor	15 %	20 %	10 %	10 %	25 %	10 %	20 %	20 %	20 %	20 %
Base Variable Borrow Rate	0 %	0 %	0 %	0 %	0 %	2 %	0 %	0 %	0 %	0 %
Variable Slope 1	2.5 %	5 %	5 %	5 %	5.25 %	3 %	5 %	5 %	5 %	5 %
Variable Slope 2	8 %	20 %	10 %	10 %	12 %	40 %	20 %	20 %	20 %	20 %
Uoptimal	90 %	90 %	90 %	90 %	85 %	90 %	90 %	90 %	90 %	90 %
Flashloanable	ENABLED	ENABLED	ENABLED	ENABLED	ENABLED	ENABLED	ENABLED	ENABLED	ENABLED	ENABLED
Siloed Borrowing	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED
Borrowable in Isolation	DISABLED	DISABLED	ENABLED	ENABLED	ENABLED	ENABLED	DISABLED	DISABLED	DISABLED	DISABLED

Oracle details:

	sUSDe	syrupUSDT	wrsETH	USDT0	USDC	USDe	GHO	FBTC	WETH	WMNT
Oracle	Capped sUSDe/USDT/USD	Capped SyrupUSDT/USDT/USD	Capped wrsETH/ETH/USD	Capped USDT/USD	Capped USDC/USD	Capped USDT/USD	Fixed GHO Oracle	BTC/USD	ETH/USD	MNT/USD
PriceCap	-	-	-	1.04	1.04	1.04	-	-	-	-
Exchange Rate Feed	CL sUSDe/USDe	CL syrupUSDT/USDT	CL rsETH/ETH	-	-	-	-	-	-	-
Base Feed	Capped USDT/USD	Capped USDT/USD	CL ETH/USD	-	-	-	-	-	-	-
MaxYearlyRatioGrowthPercent	15.19%	8.45%	6.67%	-	-	-	-	-	-	-
MinimumSnapshotDelay	14 days	7 days	14 days	-	-	-	-	-	-	-
Latest Answer (19 Jan 2026)	$1.21612359	$1.11193853	$3390.23237648	$0.9995361	$0.99974	$0.9995361	$1	$92,523.93	$3,189.416319	$0.93201554

E-Mode Configurations

sUSDe Stablecoins [EModeId: 1]

Parameter
Asset	sUSDe	USDe	USDT0	USDC	GHO
Collateral	Yes	Yes	No	No	No
Borrowable	No	No	Yes	Yes	Yes
Max LTV	90.00%	90.00%	-	-	-
Liquidation Threshold	92.00%	92.00%	-	-	-
Liquidation Bonus	4.00%	4.00%	-	-	-

USDe Stablecoins [EModeId: 2]

Parameter
Asset	USDe	USDT0	USDC
Collateral	Yes	No	No
Borrowable	No	Yes	Yes
Max LTV	90.00%	-	-
Liquidation Threshold	93.00%	-	-
Liquidation Bonus	2.00%	-	-

fBTC Stablecoins [EModeId: 3]

Parameter
Asset	fBTC	USDT0	USDC	USDe
Collateral	Yes	No	No	No
Borrowable	No	Yes	Yes	Yes
Max LTV	75.00%	-	-	-
Liquidation Threshold	79.00%	-	-	-
Liquidation Bonus	8.00%	-	-	-

syrupUSDT Stablecoins [EModeId: 4]

Parameter
Asset	syrupUSDT	USDT0	USDC
Collateral	Yes	No	No
Borrowable	No	Yes	Yes
Max LTV	90.00%	-	-
Liquidation Threshold	92.00%	-	-
Liquidation Bonus	4.00%	-	-

wrsETH Correlated [EModeId: 5]

Parameter
Asset	wrsETH	WETH
Collateral	Yes	No
Borrowable	No	Yes
Max LTV	93.00%	-
Liquidation Threshold	95.00%	-
Liquidation Bonus	1.00%	-

Security procedures:

• The proposal execution is simulated within the tests and the resulting pool configuration is tested for correctness.
• The deployed pool and other permissions have been programmatically verified, which can be found on the aave-permissions-book.
• In addition, we have also checked the code diffs of the deployed Mantle contracts with the production instance, which can be found here.

References

• Implementation: AaveV3Mantle
• Tests: AaveV3Mantle
• Snapshot
• Discussion

Copyright

Copyright and related rights waived via CC0.