[ARFC] Onboard tETH to Aave v3 Prime Instance
Vote Result: YES
Rationale
Chaos Labs’ explanation of why tETH is a good asset to list is extremely helpful. The opportunity to establish standardised benchmark rates in crypto for ETH and “unify” borrowing and lending rates across protocols is significant, especially when used as a benchmark in various financial products. Moreover, BGD Labs thinks there is no issue in integrating the asset and both risk providers support the proposal.
However, there is a key consideration that tETH does face some risks - Chaos Labs has outlined the mitigations but the main one would be the Insurance Fund, whose address and size have not been disclosed. We would like to see this disclosed.
We are in favour of this proposal and will vote YES.