Proposal overview
Update GNO Risk Parameters on Aave V3 Gnosis Pool
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.
Your voting info
Voting results
YAE
515,344
AAVE100.00%
NAY
0
AAVE0%
Top 10 addresses
Votes
YAE
144.3K
YAE
103.0K
YAE
60,000
YAE
59,999
YAE
43,669
YAE
42,576
YAE
38,106
YAE
20,000
YAE
3,559
YAE
38.63
Executed on
Dec 20, 2023Required
515.34K
320.00K
Required
515.34K
80,000.00
16,000,000
Proposal details
Block
15 Dec 2023, 08:33 UTC +00:00
18790356
Block
16 Dec 2023, 08:52 UTC +00:00
18797556
Block
19 Dec 2023, 00:52 UTC +00:00
18816756
20 Dec 2023, 01:41 UTC +00:00
Aave Chan Initiative