TRYB would be a great addition to Aave v3 for the Turkish community.
I would move all my TRYB to Aave if this happens.
TRYB being the only stablecoin for Turkish Lira, Aave will benefit by onboarding many users with this token.
I’m very excited about this proposal!
I have been using TRYB to access DeFi for a while. The project is well known in Turkey, I think it would draw many Turkish users to Aave, I support this proposal
having TRYB on Aave is a must especially considering the Turkish crypto community is among the top in terms of user number and transaction counts. it will also be beneficial to have stablecoins from different parts of the world in the future on AAVE because it will increase our exposure to different communities.
Great proposal! As a fellow Turkish, I’d be glad to see this go through. I’ve been following BiLira (TRYB) work since 2020 and have seen consistency in their development. In addition little known fact is that BiLira (TRYB) is the first ever stablecoin issued in Avalanche network, showing TRYB’s commitment to contribute on building a DeFi ecosystem.
I’ve been following this project for two and a half years. It’s time to take this project to the place it deserves. I hope I see my TRYB’s on the AAVE platform.
Long live DeFi 
I’ve been utilizing and following Bilira #TRYB for a long time. In addition to steadily enhancing its position on the global and Turkish stock markets, Bilira also collaborates with potents of the Defi ecosystem. AAVE, in my opinion, is among the greatest.
I can’t wait to move all of my TRYB to AAVE if it happens 
TRYB is one of the leading crypto organisations around the MENA region. They have a B2C web platform as a stablecoin (which is a very rare occasion tbh) to provide users with a direct on-ramp to the non-custodial wallets. Other fiat gateways are just exchanges with different rules. I see a great fit between AAVE and BiLira’s capabilities.
Great proposal and opportunity for Turkish Aave users! Looking forward to using TRYB on Aave
Even though there is no regulation in Turkey for stablecoins, BiLira has been audited by the Central Bank of Turkey and uses KYC and AML processes for maintaining risk and security considerations. Also, it has a very low fee for TRYB redemption. Proposal will be a good addition to the AAVE platform, Avalanche Network, and Turkish community.
Aave is a strong supporter of Stablecoins diversity, and there’s natural synergies between the avalanche network & the turkish community.
isolation mode allows aave to onboard this asset with limited risk and the expected use-case for this asset is to be used as borrowed currency and not really as collateral.
in support of an onboarding with 0% LTV and with the risk parameters of deposit & debt cap the riskDAO will consider safe.
For the community expressing their support here, thanks for participating in the governance forum, the message was heard, from now on, let’s focus on risk parameters and governance process.
while the supportive posts are nice to read, they add noise to the discussion at this point, please refrain from adding new one on this thread.
Thanks for your support Marc!
Our community is excited to be listed on Aave and are very helpful in commenting here why they think it’s a good fit.
We will keep this proposal going by commenting here the risk parameters and deposit debt cap so everyone can share what they feel on those.
Suggested Risk Parameters for TRYB-BiLira(v3 Isolation Mode):
LTV: 40%
Liquidation Threshold: 70%
Liquidation Bonus: 10%
Reserve Factor: 10%
Debt Ceiling: $10 Mil USD Debt Ceiling (Equivalent to 185 Mil TRY Debt Ceiling)
there is no use case for TRYB as collateral, 0% LTV is the right fit.
Updated Suggested Risk Parameters for TRYB-BiLira(v3 Isolation Mode):
LTV: 0%
Liquidation Threshold: 70%
Liquidation Bonus: 10%
Reserve Factor: 10%
I have been using TRYB as stable coin for my transfer for a long time. It will be good to see TRYB at AAVE on Avalanche network.
All our support is with you. I hope we can see you on Avalanche Network.
Dear Marc,
Do we have any updates on the onboarding of TRYB? We are very curious about it… already positioned on BiLira and ready to use it on AAVE. It would be delightful if we had it on AAVE as soon as possible. Thanks.
Thought we would jump in and give some initial thoughts.
When considering this, we have to consider the amount of TRYB on chain at a given moment and the liquidity there. Looks like there is about $55k of liquidity on Avax (Pangolin): Very miniscule. Prices diverge from the Lira constantly and volatility for an already very volatile currency is massive. Using this info, let’s assume $55k or so of TRYB is deposited into Aave. Anything more and markets just seem immensely unstable given current liquidity. With ~$50k, and in isolation mode, TRYB is just so new in the crypto space that we could literally find 0 applications that utilize the token.
Therefore, any borrows of TRYB would pretty much purely be speculators selling and effectively shorting the token. If this a healthy scenario for TRYB? Further, for users who do happen to enjoy holding LIRA/TRYB, they’ll earn what… like 2/3%? Anything higher on the utilization curve would cause the borrow side apr to skyrocket and therefore prove inefficient for LIRA shorters as they could just short more effectively in a forex market. At the end of the day, we’re looking at pretty much negligible revenue for Aave and a market where LIRA/TRYB is only used to speculate shorts on chain.
This is why we are currently leaning towards a no. There is just not enough on chain TRYB liquidity and not enough use cases for the token in chain to justify this Aave listing in our opinions. However, we are still very open to discussions and possibly changing our minds on the matter before we submit a vote in the near future.
PS: C’mon now; whether it’s the core team or a passionate member(s), do you think creating 10 new accounts to comment the same positive things and coincidently like every other positive comment is something we should still be doing lol.
Thanks @PennBlockchain for your thoughts.
From a market risk perspective, Gauntlet is not supportive of adding TRYB to Aave V3, given the size of DEX liquidity relative to market cap.
I know the request changed later but very odd request considering its fiat reserve is worth $7.5 million and yet asking for $10 mil debt ceiling 