Onboarding wstETH to Aave V3 on Base Network
01Summary
This proposal onboards wstETH (wrapped staked ETH) from Lido as a new asset on Aave V3 Base Network, enabling users to use it as collateral and borrow against it, with a 4,000 wstETH supply cap and 400 wstETH borrow cap.
- Type
- protocol addition
Key changes
- wstETH onboarded as collateral asset on Aave V3 Base Network with collateral enabled(high)
- wstETH enabled for borrowing with 400 wstETH borrow cap(high)
- LTV set to 71% and liquidation threshold set to 76% for risk management(high)
- Supply cap set to 4,000 wstETH to limit exposure(medium)
- Stable borrowing disabled for wstETH to reduce risk(medium)
- Flash loan functionality enabled for wstETH(low)
Notable concerns
- Debt ceiling set to USD 0, restricting isolated borrowing against wstETH
- Siloed borrowing disabled, meaning wstETH cannot be used as sole collateral in isolation mode
Generated by Kvorum
02Description
Simple Summary
This AIP proposes the onboarding of wstETH (wrapped staked ETH) from Lido to the Aave V3 Base Network to enrich the diversity of the ecosystem's liquid staking assets.
Motivation
The onboarding of wstETH will provide Aave users with more options for earning staking rewards on their collateral, reinforcing Aave's position as a diverse and inclusive DeFi protocol.
Specification
The table below illustrates the configured risk parameters for wstETH
| Parameter | Value |
|---|---|
| Isolation Mode | false |
| Borrowable | ENABLED |
| Collateral Enabled | true |
| Supply Cap (wstETH) | 4,000 |
| Borrow Cap (wstETH) | 400 |
| Debt Ceiling | USD 0 |
| LTV | 71 % |
| LT | 76 % |
| Liquidation Bonus | 6 % |
| Liquidation Protocol Fee | 10 % |
| Reserve Factor | 15 % |
| Base Variable Borrow Rate | 0 % |
| Variable Slope 1 | 7 % |
| Variable Slope 2 | 300 % |
| Uoptimal | 45 % |
| Stable Borrowing | DISABLED |
| Stable Slope1 | 13 % |
| Stable Slope2 | 300 % |
| Base Stable Rate Offset | 3 % |
| Stable Rate Excess Offset | 5 % |
| Optimal Stable To Total Debt Ratio | 20 % |
| Flashloanable | ENABLED |
| Siloed Borrowing | DISABLED |
| Borrowable in Isolation | DISABLED |
| Oracle | 0x945fD405773973d286De54E44649cc0d9e264F78 |
- Contract Address: wstETH - 0xc1CBa3fCea344f92D9239c08C0568f6F2F0ee452
References
- Implementation: AaveV3Base
- Tests: AaveV3Base
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
The proposal's only decoded on-chain action is a single call to forwardPayloadForExecution, which is the standard BGD/Aave cross-chain governance pattern: it instructs the L1 governance to forward execution to a specific payload contract already deployed on Base (chain id 8453). This action itself does not contain the granular risk parameters (LTV, LT, caps, oracle address, etc.) described in the prose — those are encoded inside the target payload contract on Base, which is not part of the decoded calldata provided here. Because the mechanism (forwarding to Base for a wstETH-related payload) matches the description's intent (onboarding wstETH to Aave V3 Base), there is no evident mismatch in target chain, target contract type, or action count. However, since the actual numeric risk parameters cannot be independently verified from the single forwarding call, confidence in a full parameter-by-parameter match is low. No omissions, extra claims, or target mismatches are apparent between the description and the visible calldata action.This is typical for BGD-style cross-chain listing proposals, so it is not flagged as a discrepancy, but the inability to verify granular values keeps confidence low rather than high.'}],
Generated by Kvorum
04Actions
- Target
- 0x9aee…2bc7
- Value
- 0 wei
- Function
- forwardPayloadForExecution((uint256,uint8,address,uint40))
- Arguments
{ "0": [ "8453", "1", "0x2DC219E716793fb4b21548C0f009Ba3Af753ab01", "3" ] }- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 570x57ab…2922 | For | 144.3K | 25.48% | — | 3y ago |
| 320x329c…3ed4 | For | 103.1K | 18.21% | — | 3y ago |
| 130x13bd…8548 | For | 60K | 10.59% | — | 3y ago |
| 230x2331…7e73 | For | 60K | 10.59% | — | 3y ago |
| 2C0x2cc1…4df1 | For | 43.7K | 7.71% | — | 3y ago |
| B90xb933…8dd1 | For | 42.6K | 7.52% | — | 3y ago |
| EZezr3al.eth0x8659…7d0e | For | 38.1K | 6.73% | — | 3y ago |
| EC0xec51…e7a8 | For | 29.8K | 5.26% | — | 3y ago |
| 870x8787…ea52 | For | 21.2K | 3.74% | — | 3y ago |
| E40xe459…e666 | For | 20K | 3.53% | — | 3y ago |
| 180x1855…98ba | For | 3.6K | 0.63% | — | 3y ago |
| EA0xea17…6676 | For | 38.6 | 0.01% | — | 3y ago |
| 950x9529…bd83 | Against | 1.2 | 0.00% | — | 3y ago |
| 570x5762…a752 | For | 1 | 0.00% | — | 3y ago |
07Forum
No forum thread is confidently linked to this proposal.
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