[ARFC] Onboard slisBNB to Aave V3 on BNB Chain
Author: ACI
Date: 2024-07-25
Risk Parameters have been updated after Risk Service Providers feedback 2024-07-29
Summary
This proposal seeks to onboard slisBNB, a tokenized version of staked BNB introduced by Lista DAO, to Aave V3 on the BNB Chain.
Motivation
slisBNB is a Liquid Staking Token (LST) from ListaDAO, which aims to bring additional liquidity and utility to staked BNB. The token allows users to participate in the staking rewards while maintaining the flexibility to use their staked assets within the DeFi ecosystem.
Onboarding slisBNB will allow Aave users to utilize it as collateral, thus broadening the asset base and enhancing overall liquidity.
Proof of Liquidity and Deposit Commitments
Users who supply slisBNB liquidity on Aave, will be eligible to get stardust (points) from Lista's ongoing point system Cosmic Adventure Challenge Season 3, which will turn to LISTA token airdrop when Season 3 ends.
Specification
Token Name: slisBNB
Underlying Asset: Staked BNB
Contract: 0xB0b84D294e0C75A6abe60171b70edEb2EFd14A1B
Risk Parameters and analysis have been provided by Risk Service Providers so ARFC has been be updated accordingly.
| Parameter | Value |
|---|---|
| Isolation Mode | No |
| Borrowable | Yes |
| Borrowable in Isolation | No |
| Collateral Enabled | Yes |
| E-Mode Category | None |
| Supply Cap | 20,000 |
| Borrow Cap | 2,000 |
| Debt Ceiling | - |
| LTV | 55% |
| LT | 60% |
| 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 |
| Flashloanable | Yes |
| Siloed Borrowing | No |
Useful Links:
https://lista.org/liquid-staking/BNB
Disclaimer:
This proposal is powered by Skywards. ACI is not directly affiliated with Lista DAO and did not receive compensation for creating this proposal.
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 under CC0
Off-Chain Vote
YAE
709.06K AAVE99.9%
NAY
0 AAVE0%
ABSTAIN
557.78 AAVE0.1%
Timeline
Jul 31, 2024Proposal created
Aug 01, 2024Proposal vote started
Aug 04, 2024Proposal vote ended
Feb 12, 2026Proposal updated