[ARFC Addendum] Onboard rsETH to Lido Instance
Author: ACI
Date: 2024-11-12
Summary
The current ARFC Addendum seeks to onboard rsETH to Lido Instance. This integration aligns with the recent support for rsETH in Aave Mainnet Instance, as outlined in the ARFC proposal and the AIP that is live.
This will be a Direct to Direct AIP Proposal so we can align with the final AIP and onboarding of rsETH in Mainnet Instance.
Motivation
With rsETH set to become a reality on Aave v3 Ethereum, integrating it into the Lido Instance offers deeper liquidity, higher composability, and more strategic borrowing opportunities for users. Given the synergy between wstETH and rsETH as liquid staking derivatives (LSDs), enabling eMode will maximize capital efficiency for borrowers while maintaining a conservative risk approach.
Specification
Risk Parameters will be provided by Risk Service Providers and ARFC will be updated accordingly.
ARFC has been updated with latest feedback from RSP. 2024-11-29
| Parameter | Value |
|---|---|
| Asset | rsETH |
| Isolation Mode | N/A |
| Borrowable | No |
| Collateral Enabled | Yes |
| Supply Cap | 10,000 |
| Borrow Cap | - |
| Debt Ceiling | - |
| LTV | 0.05% |
| LT | 0.10% |
| Liquidation Bonus | 7.5% |
| Liquidation Protocol Fee | 10% |
| Variable Base | - |
| Variable Slope1 | - |
| Variable Slope2 | - |
| Uoptimal | - |
| Reserve Factor | - |
| Stable Borrowing | Disabled |
| Flashloanable | Yes |
| Siloed Borrowing | No |
| Borrowable in Isolation | No |
E-mode Specification
| Parameter | Value | Value |
|---|---|---|
| Asset | rsETH | wstETH |
| Collateral | Yes | No |
| Borrowable | No | Yes |
| Max LTV | 92.50% | - |
| Liquidation Threshold | 94.50% | - |
| Liquidation Bonus | 1.00% | - |
Next Steps
- Collect community feedback and Risk Service Providers feedback.
- Publication of an AIP for final confirmation and synchronizing with rsETH AIP publication to have at the same time rsETH on Mainnet and Lido Instances.
Disclaimer
This proposal is made independently by the ACI.
ACI has not been ACI did not received compensation for creation of this proposal.
Copyright
Copyright and related rights waived via CC0.