Title: [ARFC] Onboard BNBx to Aave V3 BNB Chain Author: ACI (Aave Chan Initiative) Date: 2024-05-27
Summary
This ARFC proposes the addition of BNBx from Stader to Aave V3 BNB Chain to enhance LST liquidity and asset diversity.
Motivation
BNBx is a liquid staked token of BNB from Stader. Users can freely mint BNBx in exchange for BNB deposits and earn yield from staking.
The Aave-Chan Initiative supports LST diversity in Aave V3 and looks to add more LST to the new BNB Chain deployment.
Specification
Contract address: 0x1bdd3cf7f79cfb8edbb955f20ad99211551ba275
| Parameter | Value |
|---|---|
| Isolation Mode | No |
| Borrowable | Yes |
| Collateral Enabled | Yes |
| Supply Cap (BNBx) | 5,000 |
| Borrow Cap (BNBx) | 500 |
| Debt Ceiling | NA |
| LTV | 65.00% |
| LT | 70.00% |
| Liquidation Bonus | 7.50% |
| Liquidation Protocol Fee | 10.00% |
| Variable Base | 0.0% |
| Variable Slope1 | 7.00% |
| Variable Slope2 | 300.00% |
| Uoptimal | 45.00% |
| Reserve Factor | 15.00% |
| Stable Borrowing | Disabled |
| Flahloanable | Yes |
| Siloed Borrowing | No |
| Borrowed in Isolation | No |
Risk Parameters have been provided by Risk Service Providers and ARFC has been updated.
Useful Links
- Website: https://www.staderlabs.com/
- BNBx docs: https://binance.docs.staderlabs.com/
- TEMP CHECK
- TEMP CHECK Snapshot
Disclaimer
The ACI is not presenting this ARFC on behalf of any third party and is not compensated for creating this ARFC.
Next Steps
- 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
651.89K AAVE100%
NAY
99.57 AAVE0%
ABSTAIN
0.14 AAVE0%
Discussion
Timeline
Jun 03, 2024Proposal created
Jun 04, 2024Proposal vote started
Jun 07, 2024Proposal vote ended
Feb 03, 2026Proposal updated