[ARFC] Onboard rsETH to Arbitrum and Base V3 Instances
Author: ACI
Date: 2025-01-21
ARFC updated with Risk Params 2025-01-30
Summary
This is an ARFC to onboard rsETH to the Aave V3 Arbitrum and Base Instances allowing Aave users to supply rsETH as collateral. This proposal will be under Direct to AIP, as rsETH is already listed on other Aave instances.
Motivation
rsETH has seen continued growth across networks, and is currently the only of the onboarded LRT not available on Arbitrum or Base. We expect further growth of this asset with onboarding to these networks. Arbitrum has one of the largest wstETH reserves of any Aave instance and Base activity has continued to increase. We suggest to onboard rsETH with similar parameters to ezETH and corresponding E-Modes for rsETH / wstETH and rsETH / stablecoins.
Specification
Contract addresses:
rsETH arbitrum: 0x4186BFC76E2E237523CBC30FD220FE055156b41F
wrsETH base: 0xEDfa23602D0EC14714057867A78d01e94176BEA0
Risk Parameters:
Risk Parameters have been provided by Risk service providers during the ARFC phase and this ARFC has been updated accordingly. 2025-01-30
| Parameter | Value | Value |
|---|---|---|
| Asset | rsETH | wrsETH |
| Market | Arbitrum | Base |
| Isolation Mode | No | No |
| Borrowable | No | No |
| Collateral Enabled | Yes | Yes |
| Supply Cap | 900 | 400 |
| Borrow Cap | - | - |
| Debt Ceiling | - | - |
| LTV | 0.05% | 0.05% |
| LT | 0.10% | 0.10% |
| Liquidation Bonus | 7.50% | 7.50% |
| Liquidation Protocol Fee | 10.00% | 10.00% |
| Variable Base | - | - |
| Variable Slope1 | - | - |
| Variable Slope2 | - | - |
| Uoptimal | - | - |
| Reserve Factor | - | - |
| Stable Borrowing | Disabled | Disabled |
| Flashloanable | Yes | Yes |
| Siloed Borrowing | Disabled | Disabled |
| Borrowable in Isolation | No | No |
| E-Mode Category | rsETH/wstETH | rsETH/wstETH |
rsETH/wstETH E-Mode on Arbitrum & Base
| Parameter | Value | Value |
|---|---|---|
| Asset | rsETH | wstETH |
| Collateral | Yes | No |
| Borrowable | No | Yes |
| LTV | 92.50% | - |
| LT | 94.50% | - |
| Liquidation Penalty | 1.00% | - |
Useful Links
rsETH:
Disclaimer
ACI is not directly affiliated with the issuers of the assets mentioned in this proposal and did not receive compensation for creating this proposal.
Next Step
- Publish a standard ARFC, collect community & service provider feedback before escalating proposal to AIP.
- Publish an AIP vote for final confirmation and enforcement of the proposal.
Copyright
Copyright and related rights waived under CC0.
Off-Chain Vote
YAE
812.5K AAVE100%
NAY
2.36 AAVE0%
Abstain
0.04 AAVE0%
Timeline
Feb 20, 2025Proposal created
Feb 21, 2025Proposal vote started
Feb 24, 2025Proposal vote ended
Feb 12, 2026Proposal updated