Title: [TEMP CHECK] Add sFRAX to Ethereum V3
Author: @0xlide - @SaucyBlock - Aave Chan Initiative
Created: 2023-12-14
Summary
This publication presents the community an opportunity to add sFRAX to the Ethereum Aave V3 Liquidity Pool.
Motivation
Staked FRAX (sFRAX) is an ERC-4626 staking vault that distributes a portion of the Frax Protocol yield. sFRAX APY attempts to roughly track the interest on reserve balances (IORB) rate of the United States Federal Reserve.
Integrating sFRAX as collateral asset in the Aave V3 Ethereum Pool has the potential to create new demand for borrowable assets on Aave V3, such as stablecoins and FXS.
Specification
Ticker: sFRAX Contract Adress: 0xA663B02CF0a4b149d2aD41910CB81e23e1c41c32 Chainlink Oracle: 0xB9E1E3A9feFf48998E45Fa90847ed4D467E8BcfD
Proposed risk parameters will be shared at the potential ARFC stage of this proposal.
Next Steps:
- Gather the AAVE community’s feedback on this proposal.
- If consensus is reached, escalate this proposal to TEMP CHECK snapshot stage.
- If TEMP CHECK snapshot outcome is yes, escalate to ARFC.
- If consensus on ARFC is reached with appropriate technical details added, then escalate to ARFC snapshot.
- If ARFC snapshot approved, then escalate to AIP Stage.
Disclaimer
This TEMP CHECK is powered by ACI Skywards. The Aave Chan Initiative has not received any form of compensation for creating this proposal.
Copyright
Copyright and related rights waived via CC0 .
Off-Chain Vote
Discussion
Timeline
Jan 12, 2024Proposal created
Jan 13, 2024Proposal vote started
Jan 16, 2024Proposal vote ended
Feb 03, 2026Proposal updated