[AAVE] Aave V3.3 Celo Activation

Voting ended about 1 year agoSucceeded

Simple Summary

This proposal allows the Aave governance to activate the Aave V3 Celo pool (3.3) by completing all the initial setup and listing CELO, USDC, USDT, cUSD, cEUR as suggested by the risk service providers engaged with the DAO on the governance forum.

All the Aave Celo V3 addresses can be found in the aave-address-book.

Motivation

All the governance procedures for the expansion of Aave v3 to Celo have been finished, said:

Positive signaling and approval regarding the expansion on the governance forum, and snapshot.
Positive technical evaluation done by BGD Labs of the Celo network, as described in the forum in detail.
Positive risk analysis and assets/parameters recommendation by the risk service providers.

Specification

The proposal will do the following:

List the following assets on Aave V3 Celo: CELO, USDC, USDT, cUSD, cEUR.
Set the risk steward as the risk admin by executing ACL_MANAGER.addRiskAdmin().
Set the guardian address as the pool admin by executing ACL_MANAGER.addPoolAdmin(). This is following the standard procedure of keeping pool admin on the Aave Guardian during the bootstrap period, for security.
Set ACI multi-sig as liquidity mining admin for all aTokens and underlying tokens by calling EMISSION_MANAGER.setEmissionAdmin() method.

The table below illustrates the configured risk parameters for the assets to be listed:

| -: | -: | --: | -: | : | | Borrowable | ENABLED | ENABLED | ENABLED | ENABLED | ENABLED | | Collateral Enabled | true | true | false | false | true | | Supply Cap | 3,500,000 | 2,000,000 | 80,000 | 1,300,000 | 1,000,000 | | Borrow Cap | 3,150,000 | 1,800,000 | 72,000 | 1,170,000 | 100,000 | | Isolation Mode | false | false | false | false | true | | Debt Ceiling | USD 0 | USD 0 | USD 0 | USD 0 | USD 500,000 | | LTV | 75 % | 75 % | 0 % | 0 % | 55 % | | LT | 78 % | 78 % | 0 % | 0 % | 61 % | | Liquidation Bonus | 5 % | 5 % | 0 % | 0 % | 10 % | | Liquidation Protocol Fee | 10 % | 10 % | 0 % | 0 % | 10 % | | Reserve Factor | 10 % | 10 % | 15 % | 15 % | 20 % | | Uoptimal | 90 % | 90 % | 90 % | 90 % | 45 % | | Base Variable Borrow Rate | 0 % | 0 % | 0 % | 0 % | 0 % | | Variable Slope 1 | 7.5 % | 7.5 % | 7.5 % | 7.5 % | 10 % | | Variable Slope 2 |

... please visit link below to view full proposal

https://app.aave.com/governance/v3/proposal/?proposalId=269

Off-Chain Vote

YAE

116 HVAXVC83.5%

NAY

23 HVAXVC16.5%

Quorum:13900%

Download mobile app to vote

Timeline

Mar 13, 2025Proposal created

Mar 13, 2025Proposal vote started

Mar 15, 2025Proposal vote ended

Mar 26, 2026Proposal updated

Simple Summary

All the Aave Celo V3 addresses can be found in the aave-address-book.

Motivation

All the governance procedures for the expansion of Aave v3 to Celo have been finished, said:

Positive signaling and approval regarding the expansion on the governance forum, and snapshot.

Positive technical evaluation done by BGD Labs of the Celo network, as described in the forum in detail.

Positive risk analysis and assets/parameters recommendation by the risk service providers.

Specification

The proposal will do the following:

List the following assets on Aave V3 Celo: CELO, USDC, USDT, cUSD, cEUR.

Set the risk steward as the risk admin by executing ACL_MANAGER.addRiskAdmin().

Set the guardian address as the pool admin by executing ACL_MANAGER.addPoolAdmin(). This is following the standard procedure of keeping pool admin on the Aave Guardian during the bootstrap period, for security.

Set ACI multi-sig as liquidity mining admin for all aTokens and underlying tokens by calling EMISSION_MANAGER.setEmissionAdmin() method.

The table below illustrates the configured risk parameters for the assets to be listed:

| -: | -: | --: | -: | : | | Borrowable | ENABLED | ENABLED | ENABLED | ENABLED | ENABLED | | Collateral Enabled | true | true | false | false | true | | Supply Cap | 3,500,000 | 2,000,000 | 80,000 | 1,300,000 | 1,000,000 | | Borrow Cap | 3,150,000 | 1,800,000 | 72,000 | 1,170,000 | 100,000 | | Isolation Mode | false | false | false | false | true | | Debt Ceiling | USD 0 | USD 0 | USD 0 | USD 0 | USD 500,000 | | LTV | 75 % | 75 % | 0 % | 0 % | 55 % | | LT | 78 % | 78 % | 0 % | 0 % | 61 % | | Liquidation Bonus | 5 % | 5 % | 0 % | 0 % | 10 % | | Liquidation Protocol Fee | 10 % | 10 % | 0 % | 0 % | 10 % | | Reserve Factor | 10 % | 10 % | 15 % | 15 % | 20 % | | Uoptimal | 90 % | 90 % | 90 % | 90 % | 45 % | | Base Variable Borrow Rate | 0 % | 0 % | 0 % | 0 % | 0 % | | Variable Slope 1 | 7.5 % | 7.5 % | 7.5 % | 7.5 % | 10 % | | Variable Slope 2 |

... please visit link below to view full proposal