Onboard sUSDe and weETH to Aave v3 on zkSync
Onboard sUSDe and weETH to Aave v3 on zkSync
Author
Aave-chan Initiative
Creator
0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
Simple Summary
This proposal aims to onboard sUSDe and weETH to the Aave v3 protocol on zkSync. This follows the original plans for further expansion on the network.
Motivation
The integration of sUSDe, and weETH into Aave v3 on zkSync is following the initial plan for the zkSync network launch. With the successful launch of Aave v3 on zkSync, and some time for monitoring, we believe it is time to start expanding from the initial asset list.
These onboardings also include partnership with Ethena and EtherFi to add ZK token incentives to each market, which will contribute to Aave’s growth on zkSync.
Specification
The table below illustrates the configured risk parameters for weETH
| Parameter | Value |
|---|---|
| Isolation Mode | false |
| Borrowable | DISABLED |
| Collateral Enabled | true |
| Supply Cap (weETH) | 300 |
| Borrow Cap (weETH) | 1 |
| Debt Ceiling | USD 0 |
| LTV | 72.5 % |
| LT | 75 % |
| Liquidation Bonus | 7.5 % |
| Liquidation Protocol Fee | 10 % |
| Reserve Factor | 45 % |
| Base Variable Borrow Rate | 0 % |
| Variable Slope 1 | 7 % |
| Variable Slope 2 | 300 % |
| Uoptimal | 30 % |
| Flashloanable | ENABLED |
| Siloed Borrowing | DISABLED |
| Borrowable in Isolation | DISABLED |
| Oracle | 0x32aF9A0a47B332761c8C90E9eC9f53e46e852b2B |
The table below illustrates the configured risk parameters for sUSDe
| Parameter | Value |
|---|---|
| Isolation Mode | true |
| Borrowable | DISABLED |
| Collateral Enabled | true |
| Supply Cap (sUSDe) | 400,000 |
| Borrow Cap (sUSDe) | 1 |
| Debt Ceiling | USD 400,000 |
| LTV | 65 % |
| LT | 75 % |
| Liquidation Bonus | 8.5 % |
| Liquidation Protocol Fee | 10 % |
| Reserve Factor | 20 % |
| Base Variable Borrow Rate | 0 % |
| Variable Slope 1 | 9 % |
| Variable Slope 2 | 75 % |
| Uoptimal | 80 % |
| Flashloanable | ENABLED |
| Siloed Borrowing | DISABLED |
| Borrowable in Isolation | DISABLED |
| Oracle | 0xDaec4cC3a41E423d678428A8Bb29fa1ADF26869a |
Additionally 0x95Cbff6e45C499d45dd8627f3ce179057B5Fbfcc has been set as the emission admin for weETH, sUSDe and their corresponding aTokens.
References
- Implementation: AaveV3ZkSync
- Tests: AaveV3ZkSync
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.