Executed
Update GNO Risk Parameters on Aave V3 Gnosis Pool
Votes
Proposal
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 Parameter | Current Value | Proposed Value |
|---|---|---|
| Isolation Mode | Yes | YES |
| Borrowable in Isolation | No | No |
| Stable Borrow | No | No |
| Enable Borrow | No | Yes |
| Enable Collateral | Yes | Yes |
| Loan To Value (LTV) | 31% | 31% |
| Liquidation Threshold | 36% | 36% |
| Liquidation Bonus | 10% | 10% |
| Reserve Factor | N/A | 20% |
| Liquidation Protocol Fee | 10% | 10% |
| Supply Cap | 30000 GNO | 30000 GNO |
| Borrow Cap | N/A | 1100 GNO |
| Debt Ceiling | 1M$ | 1M$ |
| uOptimal | N/A | 80% |
| Base | N/A | 0% |
| Slope1 | N/A | 15% |
| Slope2 | N/A | 80% |
References
- Implementation: AaveV3Gnosis
- Tests: AaveV3Gnosis
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.