Executed

Update GNO Risk Parameters on Aave V3 Gnosis Pool


Proposed by

Proposal ID

411

Proposed

Dec 15th, 2023

Result details
Final Votes

Quorum

Pending

Majority support

Yes

For

515.34K

Against

0

Abstain

0

Actions

Function 1:

0x000000000000000000000000000000000000000000000000000000000000006400000000000000000000000000000000000000000000000000000000000000010000000000000000000000009a1f491b86d09fc1484b5fab10041b189b60756b0000000000000000000000000000000000000000000000000000000000000001
Value:0

Proposal


title: "Update GNO Risk Parameters on Aave V3 Gnosis Pool" author: "Aave Chan Initiative" discussions: "https://governance.aave.com/t/arfc-update-gno-risk-parameters-on-aave-v3-gnosis-pool/15613"

Simple Summary

This AIP proposes to update GNO risk parameters on the Aave V3 Gnosis Pool to enable borrowing, fostering Gnosischain decentralization and use-cases for passive income and staking.

Motivation

The goal is to enhance GNO utility by allowing it to be a borrowable asset, thereby supporting Gnosischain’s decentralization. This adjustment also prepares for future GNO LSTs and a possible GNO-correlated e-mode, expanding utility and passive income opportunities for GNO holders.

Specification

The proposed changes aim to make GNO a borrowable asset outside of isolation mode with adjusted risk parameters to accommodate this new functionality:

Risk ParameterCurrent ValueProposed Value
Isolation ModeYesYES
Borrowable in IsolationNoNo
Stable BorrowNoNo
Enable BorrowNoYes
Enable CollateralYesYes
Loan To Value (LTV)31%31%
Liquidation Threshold36%36%
Liquidation Bonus10%10%
Reserve FactorN/A20%
Liquidation Protocol Fee10%10%
Supply Cap30000 GNO30000 GNO
Borrow CapN/A1100 GNO
Debt Ceiling1M$1M$
uOptimalN/A80%
BaseN/A0%
Slope1N/A15%
Slope2N/A80%

References

Copyright

Copyright and related rights waived via CC0.

Final Votes

Quorum

Pending

Majority support

Yes

For

515.34K

Against

0

Abstain

0

Final Votes
Status

Fri Dec 15, 08:33 am

Published onchain

Fri Dec 22, 03:44 am

Voting period started

Sun Dec 24, 07:44 pm

Voting period ended

Wed Dec 20, 04:27 am

Proposal executed