Enable borrow of OP token
01Summary
This proposal enables borrowing of OP tokens on the Aave V3 Optimism pool, completing the implementation of AIP-337. OP token parameters were previously updated with a 500k borrow cap and 30% LTV, but borrowing was not enabled. This proposal activates borrowing functionality to match the original intent.
- Type
- protocol addition
Key changes
- Enable borrowing of OP token on Aave V3 Optimism pool(high)
Generated by Kvorum
02Description
Simple Summary
This proposal updates the OP lending pool to make it reflect the change voted in AIP-337.
Motivation
While a previous AIP updated the parameters of the Aave V3 Optimism pool for the OP asset, it didn't enable the borrow of the Optimism token. Thus this AIP proposes to deliver the second part of the AIP-337 by enabling borrowing of OP tokens matching it's original intent.
Specification
- Asset: OP
- OP Contract Address: 0x4200000000000000000000000000000000000042
New Risk Parameters:
| Parameter | Value |
|---|---|
| Asset | OP |
| Enabled to Borrow | Enabled |
As a reminder, here are the previously updated parameters:
| Parameter | Value |
|---|---|
| Asset | OP |
| Supply Cap | 10M |
| Borrow Cap | 500k |
| Loan To Value (LTV) | 30% |
| Liquidation Threshold (LT) | 40% |
| Liquidation Penalty (LP) | 10% |
| Liquidation Protocol Fee (LPF) | 10% |
| Stable Borrow | Disabled |
| Base Variable Rate | 0% |
| Slope1 | 7% |
| Slope2 | 300% |
| Optimal Ratio | 45% |
| Reserve Factor (RF) | 20% |
References
- Implementation: Optimism
- Tests: Optimism
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
The proposal uses Aave's standard cross-chain governance pattern: a single mainnet action calling execute(address) on a bridge/executor contract, passing the address of a payload contract that is expected to contain the actual parameter changes (in this case, enabling borrowing for the OP reserve on Optimism). The decoded calldata only shows this outer call and the payload address argument; the internal logic of the payload contract (0x9c11F54bA3c44ED7945D2405C15060bcD209f53e) is not decoded or available for direct inspection here. This is the typical, expected structure for this type of Aave proposal, and there is no evidence in the visible calldata that contradicts the description's claim of enabling OP borrowing. However, because the actual parameter-setting logic lives inside an undecoded payload contract, I cannot fully verify at the byte level that the payload does exactly and only what the description claims (no more, no less). Given the standard pattern matches expectations and no contrary evidence exists, I assess this as consistent, but confidence is low due to the inability to inspect the payload's internal calls directly.
Generated by Kvorum
04Actions
- Target
- 0x5f5c…6711
- Value
- 0 wei
- Function
- execute(address)
- Arguments
{ "0": "0x9c11F54bA3c44ED7945D2405C15060bcD209f53e" }- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 320x329c…3ed4 | For | 117.2K | 20.99% | — | 3y ago |
| 070x0703…961b | For | 88.1K | 15.77% | — | 3y ago |
| 130x13bd…8548 | For | 61.3K | 10.97% | — | 3y ago |
| 230x2331…7e73 | For | 60K | 10.74% | — | 3y ago |
| 2C0x2cc1…4df1 | For | 43.7K | 7.82% | — | 3y ago |
| B90xb933…8dd1 | For | 42K | 7.52% | — | 3y ago |
| EA0xea17…6676 | For | 38.9K | 6.97% | — | 3y ago |
| EZezr3al.eth0x8659…7d0e | For | 37.9K | 6.79% | — | 3y ago |
| 570x57ab…2922 | For | 25.9K | 4.65% | — | 3y ago |
| E40xe459…e666 | For | 20K | 3.58% | — | 3y ago |
| 870x8787…ea52 | For | 18K | 3.23% | — | 3y ago |
| 180x1855…98ba | For | 5K | 0.90% | — | 3y ago |
| 5A0x5acb…eedf | For | 310.8 | 0.06% | — | 3y ago |
| DF0xdf06…4977 | For | 27.3 | 0.00% | — | 3y ago |
| 680x680a…5d5f | For | 2.7 | 0.00% | — | 3y ago |
| A70xa772…6171 | For | 2.1 | 0.00% | — | 3y ago |
| 010x019e…2903 | For | 2 | 0.00% | — | 3y ago |
| BB0xbbcb…ed9f | For | 1.7 | 0.00% | — | 3y ago |
| 200x2031…c4b2 | For | 1.5 | 0.00% | — | 3y ago |
| D00xd0d3…b3f2 | For | 1.4 | 0.00% | — | 3y ago |
| 9E0x9e4d…9636 | For | 1.3 | 0.00% | — | 3y ago |
| 570x57a6…7779 | For | 1.3 | 0.00% | — | 3y ago |
| D10xd174…8f23 | For | 1.2 | 0.00% | — | 3y ago |
| 1E0x1e49…6700 | For | 1.2 | 0.00% | — | 3y ago |
| 8B0x8bc8…7276 | For | 1.2 | 0.00% | — | 3y ago |
| CC0xcc35…04cc | For | 1.1 | 0.00% | — | 3y ago |
| 3E0x3ecf…bc12 | For | 1.1 | 0.00% | — | 3y ago |
| 2B0x2ba0…8412 | For | 1.1 | 0.00% | — | 3y ago |
| C70xc724…b01d | For | 1 | 0.00% | — | 3y ago |
| 740x74a2…c125 | For | 1 | 0.00% | — | 3y ago |
| DF0xdf0e…c510 | For | 1 | 0.00% | — | 3y ago |
| 7E0x7e11…3c54 | For | 0.5 | 0.00% | — | 3y ago |
| 330x33ec…532e | For | 0.5 | 0.00% | — | 3y ago |
| A00xa081…395b | For | 0.5 | 0.00% | — | 3y ago |
| 820x82ea…1fcc | For | 0.5 | 0.00% | — | 3y ago |
| 1A0x1a2f…7695 | For | 0.4 | 0.00% | — | 3y ago |
| 770x77eb…1236 | For | 0.3 | 0.00% | — | 3y ago |
| 280x28d9…8151 | For | 0.3 | 0.00% | — | 3y ago |
| A00xa0ef…2d56 | For | 0.3 | 0.00% | — | 3y ago |
| 1A0x1a7b…9345 | For | 0.2 | 0.00% | — | 3y ago |
| 380x38ad…bc64 | For | 0.2 | 0.00% | — | 3y ago |
| 270x273a…43f6 | For | 0.2 | 0.00% | — | 3y ago |
| 1C0x1c1c…d3a6 | For | 0.2 | 0.00% | — | 3y ago |
| 9A0x9ae8…bf3c | For | 0.2 | 0.00% | — | 3y ago |
| C60xc6d0…97b8 | For | 0.2 | 0.00% | — | 3y ago |
| 390x395d…c519 | For | 0.2 | 0.00% | — | 3y ago |
| BC0xbc50…affb | For | 0.2 | 0.00% | — | 3y ago |
| 750x7537…525c | For | 0.2 | 0.00% | — | 3y ago |
| 0B0x0ba5…8e26 | For | 0.2 | 0.00% | — | 3y ago |
| CE0xcec9…6566 | For | 0.2 | 0.00% | — | 3y ago |
07Forum
No forum thread is confidently linked to this proposal.
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