Add rETH to Aave Ethereum V3 pool

Simple Summary

This AIP proposal presents Aave with the opportunity to onboard rETH to the Ethereum v3 Liquidity Pool.

Motivation

Supporting Liquid Staking Derivative (LSDs) diversity is part of the Aave-Chan Initiative (ACI) delegate platform.

The ACI does not have any link nor is paid by Rocket Pool or any entity to present this AIP.

The risk parameters provided introduce rETH as a collateral asset.

Supply and borrow caps are suggested for this asset to limit risk exposure, the caps have bet proposed by a join collaboration between Gauntlet & Chaos Labs.

Specification

Ticker: RETH

Contract Address: 0xae78736Cd615f374D3085123A210448E74Fc6393

The proposal payload uses the GenericListingEngine to perform a new asset listing with the following parameters:

IGenericV3ListingEngine.Listing({
      asset: RETH,
      assetSymbol: 'rETH',
      priceFeed: RETH_USD_FEED,
      rateStrategy: 0x24701A6368Ff6D2874d6b8cDadd461552B8A5283,
      enabledToBorrow: true,
      stableRateModeEnabled: false,
      borrowableInIsolation: false,
      withSiloedBorrowing: false,
      flashloanable: true,
      ltv: 67_00,
      liqThreshold: 74_00,
      liqBonus: 7_50,
      reserveFactor: 15_00,
      supplyCap: 10_000,
      borrowCap: 1_200,
      debtCeiling: 0,
      liqProtocolFee: 10_00,
      eModeCategory: 0
    });

References

A list of relevant links like for this proposal e.g.

• forum discussion
• tests
• proposalCode

Security Considerations

The proposal Payload was reviewed byBored Ghost Developing.

Deployed Contracts

• AaveV3EthrETHPayload: ProposalPayload

Copyright

Copyright and related rights waived via CC0.