[ARFC] Onboard USDC to Aave v3 Lido Instance
Author: ACI
Date: 2024-09-25
Summary
This proposal aims to onboard USDC to the Aave v3 Lido Instance.
Motivation
The integration of USDC into the Aave v3 Lido Instance is driven by the following factors:
- Liquidity Enhancement: The inclusion of this widely-used stablecoin is expected to boost liquidity in the Lido Instance, potentially attracting more users and increasing overall platform activity.
- Strategic Alignment: This move aligns with Aave’s goal of offering a comprehensive suite of high-quality assets, keeping the protocol at the forefront of DeFi liquidity.
Proof of Liquidity and Deposit Commitments
USDC has pledged liquidity provision support. These will complement the ongoing incentives for the Lido Instance.
Specification
Contract addresses:
USDC: 0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48
| Parameter | USDC |
|---|---|
| Chain-Instance | Ethereum-Lido |
| Isolation Mode | No |
| Borrowable | Yes |
| Collateral Enabled | No |
| Supply Cap | 30,000,000 |
| Borrow Cap | 27,600,000 |
| Debt Ceiling | - |
| LTV | - |
| LT | - |
| Liquidation Bonus | - |
| Liquidation Protocol Fee | - |
| Variable Base | 0% |
| Variable Slope1 | 5.5% |
| Variable Slope2 | 60% |
| Uoptimal | 92% |
| Reserve Factor | 10% |
| Stable Borrowing | Disabled |
| Flashloanable | Yes |
| Siloed Borrowing | Disabled |
| Borrowable in Isolation | No |
| E-Mode Category | - |
Disclaimer:
This proposal is powered by Skywards. ACI is not directly affiliated with USDC and did not receive compensation for creation of this proposal.
Next Steps
- 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 under CC0
Off-Chain Vote
YAE
467.39K AAVE100%
NAE
2.03 AAVE0%
ABSTAIN
1.01 AAVE0%
Timeline
Oct 02, 2024Proposal created
Oct 03, 2024Proposal vote started
Oct 06, 2024Proposal vote ended
Oct 07, 2024Proposal updated