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Title: [ARFC] Update GNO Risk Parameters on Aave V3 Gnosis Pool

Author: @marczeller - Aave Chan Initiative

Created: 2023-11-20

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Summary

This ARFC proposes to update GNO risk parameters on the Aave V3 Gnosis Pool to enable borrowing, fostering Gnosischain decentralization and use-cases for passive income and staking.

Motivation

The goal is to enhance GNO utility by allowing it to be a borrowable asset, thereby supporting Gnosischain’s decentralization. This adjustment also prepares for future GNO LSTs and a possible GNO-correlated e-mode, expanding utility and passive income opportunities for GNO holders.

Specification

The proposed changes aim to make GNO a borrowable asset outside of isolation mode with adjusted risk parameters to accommodate this new functionality

Next Steps

• Collect feedback from the Aave community & Aave Risk service provider on the proposed changes.
• If the community feedback is positive, advance the proposal to the ARFC Snapshot phase.
• Upon successful Snapshot, implement the updated risk parameters via an AIP vote.

Disclaimer

This proposal is powered by Skywards. The Aave Chan Initiative has not received any form of compensation from Gnosis for creating this proposal.

Copyright

Copyright and related rights waived via CC0.