Aave v3 Gnosis Instance Updates Part 1
Aave v3 Gnosis Instance Updates Part 1
Author
Aave-chan Initiative
Creator
0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
Simple Summary
This AIP proposes several updates to the Aave v3 Gnosis instance to improve capital efficiency and add new use cases on the network. The key changes include removing GNO from isolation mode, adjusting the reserve factor for EURe, and creating a new relevant E-mode.
Motivation
GNO has demonstrated strong stability and market presence on Gnosis Chain, making isolation mode unnecessarily restrictive and hindering network growth. Removing GNO from isolation mode will facilitate further expansion of the network.
The reduction in the EURe reserve factor aligns with the asset's performance and incentivizes increased lending activity.
introducing a new E-mode for sDAI & EURe will enhance capital efficiency and foster synergies between stable assets. The unique combination of EUR and USD borrowing opportunities is a distinct advantage for Gnosis Chain.
Specification
Rates and parameters updates
- Remove GNO from isolation mode
- change EURe Reserve Factor from 20% to 10%
E-Modes
The followings E-mode will be created:
| Parameter | Value | Value |
|---|---|---|
| Asset | sDAI | EURe |
| Collateral | Yes | No |
| Borrowable | No | Yes |
| Max LTV | 85% | 85% |
| Liquidation Threshold | 87.5% | 87.5% |
| Liquidation Bonus | 5% | 5% |
References
- Implementation: AaveV3Gnosis
- Tests: AaveV3Gnosis
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.