Executed

Enable borrow of OP token


Proposal ID

348

Proposed

Result details
Final Votes

Quorum

Pending

Majority support

Yes

For

558.6K

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0x5f5C...6711

execute(..)

Custom

Account

0x5f5C...6711

Method

execute(..)

Proposal


title: "Enable borrow of OP token" author: "Alice Rozengarden (@Rozengarden - Aave-chan initiative)" discussions: "https://governance.aave.com/t/arfc-op-risk-parameters-update-aave-v3-optimism-pool/14633"

Simple Summary

This proposal updates the OP lending pool to make it reflect the change voted in AIP-337.

Motivation

While a previous AIP updated the parameters of the Aave V3 Optimism pool for the OP asset, it didn't enable the borrow of the Optimism token. Thus this AIP proposes to deliver the second part of the AIP-337 by enabling borrowing of OP tokens matching it's original intent.

Specification

New Risk Parameters:

ParameterValue
AssetOP
Enabled to BorrowEnabled

As a reminder, here are the previously updated parameters:

ParameterValue
AssetOP
Supply Cap10M
Borrow Cap500k
Loan To Value (LTV)30%
Liquidation Threshold (LT)40%
Liquidation Penalty (LP)10%
Liquidation Protocol Fee (LPF)10%
Stable BorrowDisabled
Base Variable Rate0%
Slope17%
Slope2300%
Optimal Ratio45%
Reserve Factor (RF)20%

References

Copyright

Copyright and related rights waived via CC0.

Final Votes

Quorum

Pending

Majority support

Yes

For

558.6K

Against

0

Abstain

0

Final Votes
Status

Published onchain

Voting period started

Voting period ended

Proposal executed