[AAVE] Remove ARB from Isolation Mode on Arbitrum

Summary

This publication proposes disabling Isolation Mode for ARB on Aave v3 Arbitrum.

Motivation

Since the ARB airdrop, April 2023, the Arbitrum ecosystem has experienced exponential like growth and the ARB liquidity has improved significantly.

With the support of the Risk Service providers, this proposal is to disable Isolation Mode and enable ARB to be used in combination with other assets as collateral.

Specification:

Ticker: ARB Contract Address: 0x912CE59144191C1204E64559FE8253a0e49E6548

The following parameters are to be updated as follows in Arbitrum market:

| Asset | Debt Ceiling | | -- | | | ARB | 0 |

The executor will call the ArbitrumV3 configurator and use the "setDebtCeiling" method.

Disclaimer:

TokenLogic and karpatkey receive no payment for this proposal. TokenLogic and karpatkey are both delegates within the Aave community.

References

• Implementation: AaveV3Arbitrum
• Tests: AaveV3Arbitrum
• Snapshot
• Discussion

Copyright

Copyright and related rights waived via CC0.

https://app.aave.com/governance/v3/proposal/?proposalId=58