Proposal updated to include Risk teams feedback
title: [ARFC] Add fUSDC to Ethereum v3
author: @marczeller - Aave-Chan Initiative
This ARFC presents the community with the opportunity to add fUSDC to the Ethereum v3 Liquidity Pool.
fUSDC is a yield-bearing token representing USDC deposits in Flux, a fork of Compound V2. Adding fUSDC to Ethereum v3 would allow fUSDC holders to borrow stablecoins on Aave and leverage their fUSDC position, boosting the stablecoin utilization rate on Aave, while attracting new stablecoin deposits thanks to boosted supply rates.
fUSDC is a new financial primitive with arguably the best risk-adjusted yield available in DeFi. Adding support for fUSDC on Ethereum V3 in isolated mode would allow fUSDC holders to borrow stablecoins on Aave and leverage their fUSDC position, boosting the stablecoin utilization rate on Aave, while attracting new stablecoin deposits thanks to boosted supply rates.
|Supply Cap||220M (~$4.45M)|
|Liquidation Protocol Fee||20%|
- If the ARFC snapshot vote passes, move the proposal to the Aave Improvement Proposal (AIP) stage for final approval and implementation.
@marczeller and the Aave-Chan Initiative are not associated with or compensated by Flux Finance for publishing this AFRC.
Copyright and related rights waived via CC0.