SCCP-338: Set Arbitrum Yield-Generating Asset LP & Issuance Variables
| Author | Matt, DSacks |
|---|---|
| Status | Draft |
| Type | Governance |
| Network | Arbitrum |
| Implementor | TBD |
| Release | TBD |
Simple Summary
This SCCP proposes to configure the LP & issuance caps for Arbitrum as the system prepares to support yield-generating collateral from AAVE stata tokens, Lido-wrapped staked ETH, and Etherfi’s LRT.
Abstract
The parameters configurations description is as follows. EST USD values updated as of June 10th, 2024:
| Asset | Token | Maximum LP Amount (Native Units) | Maximum LP Amount (USD) | TVL on Platform | Issuance Ratio | Liquidation Ratio |
|---|---|---|---|---|---|---|
| LIDO ARB Wrapped Staked ETH | wsteth | 1354 | ~$5,000,000 | $187m on AAVE + 21m DEX Liquidity + Majority of liquidity on Mainnet | 200% | 135% |
| Aave Arbitrum wBTC | aWBTC | 143 | ~$10,000,000 | $297,000,000 on AAVE | 200% | 135% |
| Aave Arbitrum ETH | aETH | 2,709 | ~$10,000,000 | $370,000,000 on AAVE | 200% | 135% |
| Aave Arbitrum USDT | aUSDT | 5,000,000 | $5,000,000 | $65,000,000 on AAVE | 130% | 105% |
| EtherFi Arbitrum wEETH | wEETH | 261 | ~$1,000,000 | $276m on AAVE + 13m DEX Liquidity + Majority of liquidity on Mainnet | 250% | 150% |
Motivation
The Arbitrum deployment is ready to be configured for yield generating collateral types as defined by SIP-388 & SIP-389.
Copyright
Copyright and related rights waived via CC0.