[AAVE] Onboard USDe Aave V3 Ethereum
Simple Summary
This proposal seek approval for the addition of USDe to Aave V3 on Ethereum
Motivation
Ethena’s synthetic dollar, USDe, provides a stable crypto-native solution for a cash and carry structured product. The staked version of USDe, sUSDe, earns yield from the protocol and has high potential for strong borrow demand.
Specification
The table below illustrates the configured risk parameters for USDe
| Parameter | Value | |
- | --: | | Isolation Mode | true | | Borrowable | ENABLED | | Collateral Enabled | true | | Supply Cap (USDe) | 80,000,000 | | Borrow Cap (USDe) | 72,000,000 | | Debt Ceiling | USD 40,000,000 | | LTV | 72 % | | LT | 75 % | | Liquidation Bonus | 8.5 % | | Liquidation Protocol Fee | 10 % | | Reserve Factor | 25 % | | Base Variable Borrow Rate | 0 % | | Variable Slope 1 | 9 % | | Variable Slope 2 | 75 % | | Uoptimal | 80 % | | Stable Borrowing | DISABLED | | Stable Slope1 | 9 % | | Stable Slope2 | 75 % | | Base Stable Rate Offset | 0 % | | Stable Rate Excess Offset | 0 % | | Optimal Stable To Total Debt Ratio | 0 % | | Flashloanable | ENABLED | | Siloed Borrowing | DISABLED | | Borrowable in Isolation | ENABLED | | Oracle | 0x55B6C4D3E8A27b8A1F5a263321b602e0fdEEcC17 |
References
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
Off-Chain Vote
YAE
18 HVAXVC90%
NAY
2 HVAXVC10%
Discussion
Timeline
Jun 01, 2024Proposal created
Jun 02, 2024Proposal vote started
Jun 04, 2024Proposal vote ended
Mar 26, 2026Proposal updated