AAVE

    Proposal overview

    Add RPL to Aave V3 Ethereum pool

    Executed

    Executed on 

    Jul 16, 2023

    Simple Summary

    This AIP presents the community with the opportunity to add RPL to the Ethereum v3 Liquidity Pool.

    Motivation

    Rocket Pool is an Ethereum staking protocol. The protocol reduces ETH staking capital and hardware requirements to increase Ethereum’s decentralization and security. Rocket Pool lets customers stake trustlessly to a network of node operators to do this. Adding support for RPL on Ethereum V3 would allow RPL holders to obtain a passive yield on their holdings without the need to deploy mini-pools. On their side, RPL borrowers would be able to participate in Rocket Pool staking without the need to invest in RPL.

    RPL is the governance and utility token for RocketPool, a major decentralized liquid staking Token protocol. RocketPool has solidified itself as a Protocol which is actively contributing to Ethereum’s decentralization by making Operating a Node easy and accessible. By supporting RPL on Aave V3 Ethereum we would create an alternative for RPL holders who wish to earn yield on their asset.

    Specification

    Ticker: RPL

    Contract Address: 0xD33526068D116cE69F19A9ee46F0bd304F21A51f`

    ParameterValue
    Isolation ModeNo
    BorrowableYes
    Collateral EnabledNo
    Supply Cap (RPL)105,000
    Borrow Cap (RPL)105,000
    Debt CeilingN/A
    LTVN/A
    LTN/A
    Liquidation BonusN/A
    Liquidation Protocol Fee10%
    Variable Base0.00%
    Variable Slope18.50%
    Variable Slope287.00%
    Uoptimal80.00
    Reserve Factor20.00%
    Stable BorrowingDisabled

    References

    Copyright

    Copyright and related rights waived via CC0.

    Your voting info

    Voting results

    YAE

    654,177

    AAVE

    100.00%

    NAY

    0

    AAVE

    0%

    Top 10 addresses

    Votes

    State
    Executed

    Executed on 

    Jul 16, 2023
    Quorum
    Reached
    Current votes

    Required

    654.17K

    320.00K

    Differential
    Reached
    Current differential

    Required

    654.17K

    80,000.00

    Total voting power

    16,000,000

    Proposal details

    Created

    Block

    11 Jul 2023, 14:57 UTC +00:00

    17671110

    Started

    Block

    12 Jul 2023, 15:16 UTC +00:00

    17678310

    Ended

    Block

    15 Jul 2023, 07:16 UTC +00:00

    17697510

    Executed

    16 Jul 2023, 08:07 UTC +00:00

    Author

    Marc Zeller (@marczeller - Aave Chan Initiative)

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