We support listing OP tokens as collateral assets in Aave V3 on Optimism. The future of scaling Ethereum will inevitably rely on rollup technology. Optimism is the leading L2 scaling solution with over $500m in TVL, and it has proven itself by saving over $1B in gas fees.
Allowing the governance token, OP, to be a collateral asset will increase the synergy between the Aave Protocol and Optimism ecosystem. Aave will be the first money market to increase the utility of OP tokens while growing its ecosystem on Optimism, as L2s are the main layer for V3. With more users onboard Optimism, having Aave as the main OP pool will benefit both communities.
With LTV at 30% and liquidation threshold at 50%, it is a reasonable starting parameter for OP as a volatile asset. The starting supply cap at 1M (around $1-1.5m in value if 1OP trade at 1-1.5$) is considered safe. We are looking forward to seeing the synergy between the two ecosystems develop, this proposal will benefit and strengthen directly to the two parties.