Add MAI to Aave Arbitrum V3 pool — aave

01Summary

AISummary by Kvorumclaude-haiku-4-5

Proposal to onboard MAI stablecoin to Aave Arbitrum v3 as a collateral asset with supply cap of 4.8M and borrow cap of 2.4M, supporting stablecoin diversity on the platform.

Type: protocol addition

Key changes

Add MAI stablecoin as collateral asset on Arbitrum v3 with 75% LTV and 80% liquidation threshold(high)
Set supply cap at 4,800,000 MAI and borrow cap at 2,400,000 MAI to limit risk exposure(high)
Enable MAI in isolation mode only with 20% reserve factor and 5% liquidation bonus(medium)
Configure variable borrow rate with 4% slope1 and 75% slope2 at 80% optimal usage ratio(medium)

Notable concerns

MAI will be limited to isolation mode, restricting its use as collateral alongside other assets
Debt ceiling set at 1,200k MAI creates additional exposure limits
No stable rate mode enabled for MAI
Flash loans disabled for MAI token

Contracts0x3F56e0c36d275367b8C502090EDF38289b3dEa0d0xd1b3e25fd7c8ae7caddc6f71b461b79cd4ddcfa3

Generated by Kvorum

model: claude-haiku-4-5

provider: anthropic

profile: anthropic-fast-v1

prompt: v1.0

generated: 2mo ago

Read the description ↗

02Description

245 words

Simple Summary

This AIP proposal presents Aave with the opportunity to onboard MAI to the Arbitrum v3 Liquidity Pool.

Motivation

Supporting stablecoin diversity is part of the Aave-Chan Initiative (ACI) delegate platform.

The ACI does not have any link nor is paid by QiDAO or any entity to present this AIP.

The risk parameters provided introduce MAI as a collateral asset.

Supply and borrow caps are suggested for this asset to limit risk exposure, the caps have been proposed by a join collaboration between Gauntlet & Chaos Labs.

Specification

Ticker: MAI

Contract Address: 0x3F56e0c36d275367b8C502090EDF38289b3dEa0d

Risk Parameter	Value
Isolation Mode	YES
Enable Borrow	YES
Enable Collateral	YES (in isolation mode)
Loan To Value	75%
Liquidation Threshold	80%
Liquidation Bonus	5%
Reserve Factor	20%
Liquidation Protocol Fee	10%
Borrow Cap	2,400k
Supply Cap	4,800k
Debt Ceiling	1,200k
Base	0%
Slope1	4%
Uoptimal	80%
Slope2	75%

The proposal payload uses the IEngine to perform a new asset listing with the following parameters:

IEngine.Listing({
      asset: MAI,
      assetSymbol: 'MAI',
      priceFeed: MAI_USD_FEED,
      rateStrategyParams: Rates.RateStrategyParams({
        optimalUsageRatio: _bpsToRay(80_00),
        baseVariableBorrowRate: 0,
        variableRateSlope1: _bpsToRay(4_00),
        variableRateSlope2: _bpsToRay(75_00),
        stableRateSlope1: _bpsToRay(4_00),
        stableRateSlope2: _bpsToRay(75_00),
        baseStableRateOffset: _bpsToRay(1_00),
        stableRateExcessOffset: _bpsToRay(8_00),
        optimalStableToTotalDebtRatio: _bpsToRay(20_00)
      }),
      enabledToBorrow: EngineFlags.ENABLED,
      stableRateModeEnabled: EngineFlags.DISABLED,
      borrowableInIsolation: EngineFlags.DISABLED,
      withSiloedBorrowing: EngineFlags.DISABLED,
      flashloanable: EngineFlags.DISABLED,
      ltv: 75_00,
      liqThreshold: 80_00,
      liqBonus: 7_50,
      reserveFactor: 20_00,
      supplyCap: 4_800_000,
      borrowCap: 2_400_000,
      debtCeiling: 1_200_000,
      liqProtocolFee: 10_00,
      eModeCategory: 0
    });

References

A list of relevant links for this proposal

Security Considerations

The proposal Payload was reviewed by Bored Ghost Developing.

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

1 total

#0execute(address)chain 0x1

Target: 0xd1b3…cfa3
Value: 0 wei
Function: execute(address)
Arguments: { "0": "0x89F1e458b51749ed887c382F06459Fc8D7Ff7846" }
Calldata

05Tally

Summed from votes

Against0.0%0

For100.0%586.7K

Voters9

VP participating586.7K

Outcome (current)For

Current support100%

06Voters

9 total

Filter:

Voter	Choice		% of total	Rationale
320x329c…3ed4	For	229.9K	39.18%	—	4y ago
070x0703…961b	For	108.5K	18.50%	—	4y ago
620x62a4…816a	For	82.4K	14.05%	—	4y ago
130x13bd…8548	For	81.4K	13.87%	—	4y ago
B80xb83b…cf5c	For	81K	13.81%	—	4y ago
180x1855…98ba	For	3K	0.51%	—	4y ago
A00xa06c…61f7	For	397.7	0.07%	—	4y ago
EA0xea17…6676	For	39.6	0.01%	—	4y ago
E40xe459…e666	For	0.5	0.00%	—	4y ago

Showing 9

07Forum

[ARFC] Add MAI to Arbitrum Aave V3 Market ↗discourse · high confidence

AIForum synthesis by Kvorumclaude-sonnet-5

sentiment · favorablethread · constructive

Arguments for

Supporting stablecoin diversity is part of the ACI delegate platform, and MAI has an established track record on Polygon and Avalanche Aave V3 pools.— MarcZeller
Chaos Labs supports listing MAI in isolation mode with defined caps as part of a strategy to broaden Aave's asset offering, citing adequate market cap and trading volume data.— ChaosLabs
Gauntlet independently recommends onboarding MAI with parameters derived from its supply/borrow cap and debt ceiling methodologies, consistent with existing MAI markets on other chains.— GarrettPetersen
Risk service providers ultimately reached a unified consensus on launch parameters, allowing the proposal to proceed to AIP stage.— ChaosLabs, MarcZeller

Arguments against

None surfaced.

Unresolved concerns

A post-launch technical bug caused MAI repayments to fail on Arbitrum/Optimism due to aToken version incompatibility, requiring an emergency pause and a follow-up governance fix proposal whose outcome is not covered in the thread.— bgdlabs
Chaos Labs and Gauntlet initially proposed significantly different debt ceiling, supply cap, and borrow cap figures, requiring reconciliation before consensus was reached.— ChaosLabs, GarrettPetersen

Notable participants

MarcZellerProposer from the Aave-Chan Initiative who authored the ARFC, updated it based on feedback, and escalated it through Snapshot and AIP stages.
ChaosLabsRisk service provider that provided initial parameter recommendations and later aligned with Gauntlet's figures to reach consensus.
GarrettPetersenRepresented Gauntlet, providing an alternative set of risk parameter recommendations based on Gauntlet's methodology.
bgdlabsTechnical team that identified and reported a post-launch repayment bug affecting MAI and coordinated a pause and fix proposal.

Generated by Kvorum

model: claude-sonnet-5

provider: anthropic

profile: anthropic-strong-v1

prompt: v1.0

generated: 2mo ago

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