Aave V3.6 XLayer Activation

Simple Summary

This proposal allows the Aave governance to activate the Aave V3 XLayer pool (3.6) by completing all the initial setup and listing USDT0, USDG, xBTC, WOKB, xETH, xSOL, xBETH, xOKSOL, GHO as suggested by the risk service providers engaged with the DAO on the governance forum.

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

Motivation

All the governance procedures for the expansion of Aave v3 to XLayer 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 XLayer network.
• 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 XLayer: USDT0, USDG, xBTC, WOKB, xETH, xSOL, xBETH, xOKSOL, GHO.
• 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	USDT0	USDG	xBTC	WOKB	xETH	xSOL	xBETH	xOKSOL	GHO
Supply Cap	50,000,000	5,000,000	150	125,000	5,000	110,000	5,700	135,000	5,000,000
Borrow Cap	48,000,000	4,250,000	20	1	1,300	14,000	1	1	4,800,000
Borrowable	ENABLED	ENABLED	ENABLED	DISABLED	ENABLED	ENABLED	DISABLED	DISABLED	ENABLED
Collateral Enabled	true	false	true	false	true	true	true	true	false
LTV	70%	0%	70%	0%	70%	60%	67%	55%	0%
LT	75%	0%	75%	0%	75%	65%	72%	60%	0%
Liquidation Bonus	7.5%	0%	7.5%	0%	7.5%	7.5%	7.5%	7.5%	0%
Liquidation Protocol Fee	10%	10%	10%	10%	15%	10%	10%	10%	0%
Debt Ceiling	USD 0	USD 0	USD 0	USD 0	USD 0	USD 0	USD 0	USD 0	USD 0
Isolation Mode	false	false	false	false	false	false	false	false	false
Reserve Factor	10%	10%	10%	15%	15%	15%	15%	15%	10%
Uoptimal	90%	80%	80%	45%	90%	80%	45%	45%	90%
Base Variable Borrow Rate	0%	0%	0%	0%	0%	0%	0%	0%	0%
Variable Slope 1	5%	5%	2.75%	7%	2.5%	5%	7%	7%	5%
Variable Slope 2	40%	45%	40%	300%	20%	20%	300%	300%	45%
Flashloanable	ENABLED	ENABLED	ENABLED	ENABLED	ENABLED	ENABLED	ENABLED	ENABLED	ENABLED
Siloed Borrowing	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED
Borrowable in Isolation	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED	DISABLED
E-Mode	xBTC__USDT0_USDG_GHO, xETH__USDT0_USDG_GHO, xSOL__USDT0_USDG_GHO, WOKB__USDT0_USDG_GHO	xBTC__USDT0_USDG_GHO, xETH__USDT0_USDG_GHO, xSOL__USDT0_USDG_GHO, WOKB__USDT0_USDG_GHO	xBTC__USDT0_USDG_GHO	WOKB__USDT0_USDG_GHO	xETH__USDT0_USDG_GHO, xBETH__xETH	xSOL__USDT0_USDG_GHO, xOKSOL__xSOL	xBETH__xETH	xOKSOL__xSOL	xBTC__USDT0_USDG_GHO, xETH__USDT0_USDG_GHO, xSOL__USDT0_USDG_GHO, WOKB__USDT0_USDG_GHO

E-Mode Configurations:

xBTC__USDT0_USDG_GHO [EModeId: 1]

Parameter
Asset	xBTC	USDT0	USDG	GHO
Collateral	Yes	No	No	No
Borrowable	No	Yes	Yes	Yes
Max LTV	78.00%	-	-	-
Liquidation Threshold	81.00%	-	-	-
Liquidation Bonus	6.00%	-	-	-

xETH__USDT0_USDG_GHO [EModeId: 2]

Parameter
Asset	xETH	USDT0	USDG	GHO
Collateral	Yes	No	No	No
Borrowable	No	Yes	Yes	Yes
Max LTV	78.00%	-	-	-
Liquidation Threshold	80.00%	-	-	-
Liquidation Bonus	6.00%	-	-	-

xSOL__USDT0_USDG_GHO [EModeId: 3]

Parameter
Asset	xSOL	USDT0	USDG	GHO
Collateral	Yes	No	No	No
Borrowable	No	Yes	Yes	Yes
Max LTV	65.00%	-	-	-
Liquidation Threshold	70.00%	-	-	-
Liquidation Bonus	7.50%	-	-	-

WOKB__USDT0_USDG_GHO [EModeId: 4]

Parameter
Asset	WOKB	USDT0	USDG	GHO
Collateral	Yes	No	No	No
Borrowable	No	Yes	Yes	Yes
Max LTV	50.00%	-	-	-
Liquidation Threshold	55.00%	-	-	-
Liquidation Bonus	10.00%	-	-	-

xBETH__xETH [EModeId: 5]

Parameter
Asset	xBETH	xETH
Collateral	Yes	No
Borrowable	No	Yes
Max LTV	88.00%	-
Liquidation Threshold	90.00%	-
Liquidation Bonus	2.00%	-

xOKSOL__xSOL [EModeId: 6]

Parameter
Asset	xOKSOL	xSOL
Collateral	Yes	No
Borrowable	No	Yes
Max LTV	88.00%	-
Liquidation Threshold	90.00%	-
Liquidation Bonus	2.00%	-

Oracle details:

	USDT0	USDG	xBTC	WOKB	xETH	xSOL	xBETH	xOKSOL	GHO
Oracle	Capped USDT/USD	OneUSDFixedAdapter	BTC/USD	OKB/USD	ETH/USD	SOL/USD	Capped xBETH/USD	Capped xOKSOL/USD	Fixed GHO/USD
Exchange Rate Feed	-	-	-	-	-	-	xBETH underlying	xOKSOL underlying	-
Base Feed	USDT / USD	-	-	-	-	-	CL ETH/USD	CL SOL/USD	-
PriceCap (CAPO)	1.04 USD	-	-	-	-	-	-	-	-
MaxYearlyRatioGrowthPercent	-	-	-	-	-	-	9.68%	13.68%	-
MinimumSnapshotDelay	-	-	-	-	-	-	14 days	14 days	-
Latest Answer (6 Mar 2026)	$1.00025786	$1.00000000	$72,080.25	$92.80437	$2,231.83854847	$90.0332	$2,239.2271865	$90.75612718	$1.00000000

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.
• In addition, we have also checked the code diffs of the deployed X Layer contracts with the production instance, which can be found here.

References

• Implementation: AaveV3XLayer
• Tests: AaveV3XLayer
• Snapshot
• Discussion

Copyright

Copyright and related rights waived via CC0.