Executed
Enable borrow of OP token
Votes
Proposal
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
- Asset: OP
- OP Contract Address: 0x4200000000000000000000000000000000000042
New Risk Parameters:
| Parameter | Value |
|---|---|
| Asset | OP |
| Enabled to Borrow | Enabled |
As a reminder, here are the previously updated parameters:
| Parameter | Value |
|---|---|
| Asset | OP |
| Supply Cap | 10M |
| Borrow Cap | 500k |
| Loan To Value (LTV) | 30% |
| Liquidation Threshold (LT) | 40% |
| Liquidation Penalty (LP) | 10% |
| Liquidation Protocol Fee (LPF) | 10% |
| Stable Borrow | Disabled |
| Base Variable Rate | 0% |
| Slope1 | 7% |
| Slope2 | 300% |
| Optimal Ratio | 45% |
| Reserve Factor (RF) | 20% |
References
- Implementation: Optimism
- Tests: Optimism
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.