[ARFC] Enable Metis as Collateral on Metis Chain

Title: [ARFC] Enable Metis as Collateral on Metis Chain
Author: Mummy
Date: 2024-02-17


This proposal recommends enabling Metis token as collateral on Aave V3 within the Metis Chain


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.


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%


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 and related rights waived under Creative Commons Zero (CC0).


The following proposal has been escalated to ARFC Snapshot.

Voting will start tomorrow, we encourage everyone to participate.

Following snapshot monitoring, the current ARFC Snapshot has just ended with both Quorum and YAE as winning option with 547K votes.

Next step will be the publication of an AIP.

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