Optimism - Create ETH eMode Category
01Summary
This proposal creates an ETH-correlated eMode category on Aave v3 Optimism, enabling users to borrow wETH and wstETH with higher capital efficiency (90% LTV). This is designed to increase borrowing demand, protocol revenue, and support yield-maximizing strategies.
- Type
- protocol addition
Key changes
- Creation of ETH-correlated eMode category (Category 1) on Aave v3 Optimism(high)
- Addition of wstETH and wETH as initial assets in the eMode with 90% LTV and 93% liquidation threshold(high)
- Implementation of 1% liquidation bonus for the eMode(medium)
Generated by Kvorum
02Description
Summary
This AIP if implemented will create an ETH nominated eMode category on the Aave v3 Optimism deployment.
Motivation
Creation of an eMode on Aave v3 Optimism will enable users to enter yield maximising strategies with greater capital efficiency.
With the introduction of an ETH eMode, Aave Protocol is expected to experience greater borrowing demand for wETH, leading to enhanced revenue generation.
The introduction of the ETH eMode is expected to lead to structured yield maximising products/strategies being built on Aave Protocol.
wstETH and wETH will be included as initial assets within the ETH correlated eMode.
Specification
The following risk parameters have been approved by Chaos Labs.
Ticker: wstETH
Contract: optimism:0x1F32b1c2345538c0c6f582fCB022739c4A194Ebb
Ticker: wETH
Contract: optimism:0x4200000000000000000000000000000000000006
| Parameter | Value |
|---|---|
| Category | 1 (ETH Correlated) |
| Assets | wstETH, wETH |
| Loan to Value | 90.00% |
| Liquidation Threshold | 93.00% |
| Liquidation Bonus | 1.00% |
Implementation
A list of relevant links for this proposal:
The proposal Payload was reviewed by Bored Ghost Developing.
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
A calldata-vs-description analysis is not generated yet. Review the decoded actions →
04Actions
- Target
- 0x5f5c…6711
- Value
- 0 wei
- Function
- execute(address)
- Arguments
{ "0": "0x0000000000000000000000000000000000000000" }- Calldata
05Tally
Summed from votes
06Voters
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07Forum
No forum thread is confidently linked to this proposal.
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