[AAVE] Onboard eBTC and Add eBTC/WBTC E-Mode

Voting ended 12 months agoSucceeded

Simple Summary

This proposal aims to onboard eBTC for the Core Instance, and add a WBTC liquid E-Mode. By implementing this change, we seek to enhance capital efficiency for borrowers using eBTC/WBTC as collateral.

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Motivation

The motivation behind this proposal stems from several key factors:

High Utilization: eBTC/WBTC has demonstrated significant usage as collateral for borrowing stablecoins on the platform.
Capital Efficiency: Enabling liquid E-Mode for eBTC/WBTC will allow borrowers to substantially improve their capital efficiency when using this asset as collateral.
Controlled Growth: Liquid E-Mode provides a mechanism for more precise control over the growth and borrow demand in relation to the overall stablecoin liquidity within Aave v3 on Core Instance.
Enhanced Borrowing Capacity: This change will enable users to borrow larger amounts of other stablecoins against their eBTC/WBTC collateral, potentially increasing platform utilization and revenue.

By implementing this proposal, we aim to optimize the use of eBTC/WBTC within the Aave ecosystem, attracting more liquidity.

Specification

The table below illustrates the configured risk parameters for eBTC

| Parameter | Value | | | | | Network | Ethereum | | Isolation Mode | No | | Borrowable | No | | Collateral Enabled | Yes | | Supply Cap | 750 | | Borrow Cap | 1 | | Debt Ceiling | 0 | | LTV | 67% | | LT | 72% | | Liquidation Bonus | 10% | | Liquidation Protocol Fee | 10% | | Variable Base | 0% | | Variable Slope1 | 4% | | Variable Slope2 | 300% | | Uoptimal | 45% | | Reserve Factor | 50% | | Flashloanable | No | | Siloed Borrowing | No | | Oracle | 0x95a85D0d2f3115702d813549a80040387738A430 |

Additionally 0xac140648435d03f784879cd789130F22Ef588Fcd has been set as the emission admin for eBTC and the corresponding aToken.

Finally, this proposal will add eBTC/WBTC liquid E-Mode

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Asset
Collateral
Borrowable
Max LTV
Liquidation Threshold
Liquidation Bonus

References

Copyright

https://app.aave.com/governance/v3/proposal/?proposalId=282

Off-Chain Vote

YAE

152 HVAXVC93.3%

NAY

11 HVAXVC6.7%

Quorum:16300%

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Discussion

[AAVE] Onboard eBTC and Add eBTC/WBTC E-Mode

Timeline

Mar 29, 2025Proposal created

Mar 30, 2025Proposal vote started

Apr 01, 2025Proposal vote ended

Mar 26, 2026Proposal updated

Motivation

The motivation behind this proposal stems from several key factors:

High Utilization: eBTC/WBTC has demonstrated significant usage as collateral for borrowing stablecoins on the platform.

Capital Efficiency: Enabling liquid E-Mode for eBTC/WBTC will allow borrowers to substantially improve their capital efficiency when using this asset as collateral.

Controlled Growth: Liquid E-Mode provides a mechanism for more precise control over the growth and borrow demand in relation to the overall stablecoin liquidity within Aave v3 on Core Instance.

Enhanced Borrowing Capacity: This change will enable users to borrow larger amounts of other stablecoins against their eBTC/WBTC collateral, potentially increasing platform utilization and revenue.

By implementing this proposal, we aim to optimize the use of eBTC/WBTC within the Aave ecosystem, attracting more liquidity.

Specification

The table below illustrates the configured risk parameters for eBTC

Additionally 0xac140648435d03f784879cd789130F22Ef588Fcd has been set as the emission admin for eBTC and the corresponding aToken.

Finally, this proposal will add eBTC/WBTC liquid E-Mode

Asset

Collateral

Borrowable

Max LTV

Liquidation Threshold

Liquidation Bonus