Title: [TEMP CHECK] Onboard wbETH on Aave V3 BNB Chain Author: ACI (Aave Chan Initiative) Date: 2024-03-05
Summary
This TEMP CHECK proposes the addition of wbETH the Binance Liquid Staked ETH Token to Aave V3 BNB Chain to enhance LST liquidity and asset diversity.
Motivation
Liquid Staked Tokens are one of the premier collateral types on Aave and drive most of the ETH borrow demand. wBETH is one of the largest Liquid Staking Tokens on the market and one of the more productive assets available on BNB Chain.
The Aave-Chan Initiative supports LST diversity in Aave V3 and looks to add more LST to the new BNB Chain deployment.
Specification
Contract: 0xa2E3356610840701BDf5611a53974510Ae27E2e1
Detailed risk parameters will be formulated and shared in the ARFC phase, after positive community feedback from this TEMP CHECK.
Useful links:
Disclaimer
The ACI is not presenting this TEMP CHECK on behalf of any third party and is not compensated for creating this ARFC.
Next Steps
- If consensus is reached on this [TEMP CHECK], escalate this proposal to the Snapshot stage.
- If the Snapshot outcome is YAE, this proposal will be escalated to ARFC stage
- Publication of a standard ARFC, collect community & service providers feedback before escalating proposal to ARFC snapshot stage
- If the ARFC snapshot outcome is YAE, publish an AIP vote for final confirmation and enforcement of the proposal
Copyright
Copyright and related rights waived via CC0.
Off-Chain Vote
YAE
393.34K AAVE100%
NAY
21.19 AAVE0%
ABSTAIN
67.73 AAVE0%
Timeline
Mar 11, 2024Proposal created
Mar 12, 2024Proposal vote started
Mar 15, 2024Proposal vote ended
Feb 03, 2026Proposal updated