Remove ARB from Isolation Mode on Arbitrum
01Summary
Proposal to disable Isolation Mode for ARB token on Aave v3 Arbitrum by setting its debt ceiling to 0, allowing ARB to be used as collateral in combination with other assets due to improved liquidity and ecosystem growth since the April 2023 airdrop.
- Type
- parameter change
Key changes
- Disable Isolation Mode for ARB token on Aave v3 Arbitrum(high)
- Set ARB debt ceiling to 0 on Arbitrum market(high)
- Enable ARB to be used as collateral in combination with other assets(high)
Generated by Kvorum
02Description
Summary
This publication proposes disabling Isolation Mode for ARB on Aave v3 Arbitrum.
Motivation
Since the ARB airdrop, April 2023, the Arbitrum ecosystem has experienced exponential like growth and the ARB liquidity has improved significantly.
With the support of the Risk Service providers, this proposal is to disable Isolation Mode and enable ARB to be used in combination with other assets as collateral.
Specification:
Ticker: ARB Contract Address: 0x912CE59144191C1204E64559FE8253a0e49E6548
The following parameters are to be updated as follows in Arbitrum market:
| Asset | Debt Ceiling |
|---|---|
| ARB | 0 |
The executor will call the ArbitrumV3 configurator and use the "setDebtCeiling" method.
Disclaimer:
TokenLogic and karpatkey receive no payment for this proposal. TokenLogic and karpatkey are both delegates within the Aave community.
References
- Implementation: AaveV3Arbitrum
- Tests: AaveV3Arbitrum
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
A calldata-vs-description analysis is not generated yet. Review the decoded actions →
04Actions
This proposal carries no on-chain actions.
05Tally
Summed from votes
06Voters
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07Forum
No forum thread is confidently linked to this proposal.
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