[ARFC] Onboard rstETH to Aave V3 Prime Instance
Author: ACI (Aave Chan Initiative)
Date: 2025-01-07
ARFC updated with Risk Parameters provided by Chaos 2025-03-03
Summary
This is an ARFC to gauge community sentiment for onboarding P2P’s rstETH on AAVE V3 Ethereum.
To align best with goals of all relevant stakeholders, this proposal suggests onboarding rstETH to the Aave v3 Prime instance.
Motivation
Adding rstETH to the Aave v3 Prime instance brings additional synergies for all stakeholders.
rstETH will add additional demand for wstETH borrowing, making the wstETH looping more favorable for the main users. Incentives from P2P can bring additional wstETH liquidity to the Prime instance, bolstering the existing liquidity mining campaigns.
Chain to be deployed/listed
Aave v3 Prime instance on Ethereum
Proof of Liquidity and Deposit Commitments
Additional information of any potential Proof of Liquidity and Deposit Commitments will be provided during ARFC stage.
Specification
rstETH: https://etherscan.io/address/0x7a4EffD87C2f3C55CA251080b1343b605f327E3a
Risk Parameters:
E-Mode Category: rstETH/wstETH
| Parameter | Value | Value |
|---|---|---|
| Asset | rstETH | wstETH |
| Collateral | Yes | No |
| Borrowable | No | Yes |
| LTV | 90% | - |
| LT | 93% | - |
| Liquidation Penalty | 1% | - |
rstETH Risk Parameters (Non E-mode)
| Parameter | Value |
|---|---|
| Asset | rstETH |
| Isolation Mode | No |
| Borrowable | No |
| Collateral Enabled | Yes |
| Supply Cap | 5000 |
| Borrow Cap | - |
| Debt Ceiling | - |
| LTV | 0.05% |
| LT | 0.1% |
| Liquidation Penalty | 7.5% |
| Liquidation Protocol Fee | 10.00% |
| Variable Base | - |
| Variable Slope1 | - |
| Variable Slope2 | - |
| Uoptimal | - |
| Reserve Factor | - |
| Stable Borrowing | Disabled |
| Flashloanable | Yes |
| Siloed Borrowing | No |
| Borrowable in Isolation | No |
| E-Mode Category | rstETH/wstETH |
| MINIMUM_SNAPSHOT_DELAY | ratioReferenceTime | maxYearlyRatioGrowthPercent |
|---|---|---|
| 7 days | monthly | 9.68% |
Useful Links
Github [TEMP CHECK] Onboard rstETH to Aave V3 Prime Instance TEMP CHECK Snapshot
Disclaimer
The Aave Chan Initiative is not directly affiliated with P2P and did not receive compensation for creation this proposal.
Next Step
- Publish 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 under CC0.
Off-Chain Vote
YAE
836.21K AAVE100%
NAY
2.36 AAVE0%
Abstain
1 AAVE0%
Timeline
Mar 03, 2025Proposal created
Mar 04, 2025Proposal vote started
Mar 07, 2025Proposal vote ended
Feb 03, 2026Proposal updated