Add rlUSD to Core Instance
Add rlUSD to Core Instance
Author
ACI
Creator
0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
Simple Summary
This AIP seeks governance approval to onboard Ripple’s rlUSD stablecoin to the Core instance of Aave v3 on Ethereum.
Motivation
rlUSD is Ripple's stablecoin it's onboarding in the Aave ecosystem is a strategic growth opportunity to reach new audiences.
Specification
The table below illustrates the configured risk parameters for RLUSD
| Parameter | Value |
|---|---|
| Isolation Mode | false |
| Borrowable | ENABLED |
| Collateral Enabled | true |
| Supply Cap (RLUSD) | 50,000,000 |
| Borrow Cap (RLUSD) | 5,000,000 |
| Debt Ceiling | USD 0 |
| LTV | 0 % |
| LT | 0 % |
| Liquidation Bonus | 0 % |
| Liquidation Protocol Fee | 0 % |
| Reserve Factor | 10 % |
| Base Variable Borrow Rate | 0 % |
| Variable Slope 1 | 6.5 % |
| Variable Slope 2 | 50 % |
| Uoptimal | 80 % |
| Flashloanable | ENABLED |
| Siloed Borrowing | DISABLED |
| Borrowable in Isolation | DISABLED |
| Oracle | 0xf0eaC18E908B34770FDEe46d069c846bDa866759 |
Additionally 0xac140648435d03f784879cd789130F22Ef588Fcd has been set as the emission admin for RLUSD and the corresponding aToken.
References
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.