[AAVE] Enable Metis as Collateral on Metis Chain
Simple Summary
This proposal recommends enabling Metis token as collateral on Aave V3 within the Metis Chain
Motivation
Integrating Metis as collateral positions Aave as a key player in the Metis ecosystem, alongside upcoming incentives for builders and new projects. This move is anticipated to bolster Aave’s prominence as the leading lending platform on Metis Chain.
Specification
The proposed risk parameters for incorporating Metis as collateral are outlined below following @ChaosLabs TEMP CHECK recommendation:
| Parameter | Value | | -- | | | Isolation Mode | Yes | | Borrowable | Yes | | Collateral Enabled | Yes | | Debt Ceiling | $1M | | Loan to Value (LTV) | 30.00% | | Liquidation Threshold (LT) | 40.00% | | Liquidation Bonus | 10.00% | | Liquidation Protocol Fee | 10.00% |
References
- Implementation: AaveV3Metis
- Tests: AaveV3Metis
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
Off-Chain Vote
YAE
12 HVAXVC100%
NAY
0 HVAXVC0%
Timeline
Aug 16, 2024Proposal created
Aug 17, 2024Proposal vote started
Aug 19, 2024Proposal vote ended
Mar 26, 2026Proposal updated