Title: [ARFC] Enable Metis as Collateral on Metis Chain
Author: Mummy
Date: 2024-02-17
Summary
This proposal recommends enabling Metis token as collateral on Aave V3 within the Metis Chain
Motivation
Integrating Metis as collateral positions Aave as a key player in the Metis ecosystem, alongside upcoming incentives for builders and new projects. This move is anticipated to bolster Aave’s prominence as the leading lending platform on Metis Chain.
Specification
The proposed risk parameters for incorporating Metis as collateral are outlined below following @ChaosLabs TEMP CHECK recommendation:
| Parameter | Value |
|---|---|
| Isolation Mode | Yes |
| Borrowable | Yes |
| Collateral Enabled | Yes |
| Debt Ceiling | $1M |
| Loan to Value (LTV) | 30.00% |
| Liquidation Threshold (LT) | 40.00% |
| Liquidation Bonus | 10.00% |
| Liquidation Protocol Fee | 10.00% |
Disclaimer
The author, Mummy, is an Aave and Metis Ecosystem user and Metis token holder, not compensated by Metis Ecosystem or any other entity for this ARFC.
This proposal is powered by ACI Skywards.
Copyright
Copyright and related rights waived under Creative Commons Zero (CC0).