Overview
In accordance with our recently recommended adjustment for Stablecoin IRs, we recommend new initial listing parameters for GHO on Aave’s Base instance.
Motivation
Following the recent drop in market-wide interest rates and borrow demand, this recommendation aims to align the proposed initial parameters of GHO on the Base instance with those we previously recommended for similar stablecoins in this post.
As such, we recommend reducing both Slope 1 and Slope 2 of GHO to 9.5% and 50% respectively.
Specifications
| Parameter | Value |
|---|---|
| Asset | GHO |
| Market | Base |
| Isolation Mode | No |
| Borrowable | Yes |
| Collateral Enabled | No |
| Supply Cap | 2,500,000 |
| Borrow Cap | 2,250,000 |
| Debt Ceiling | - |
| LTV | - |
| LT | - |
| Liquidation Bonus | - |
| Liquidation Protocol Fee | - |
| Variable Base | 0% |
| Variable Slope1 | 9.5% |
| Variable Slope2 | 50% |
| Uoptimal | 90% |
| Reserve Factor | 10% |
| Stable Borrowing | Disabled |
| Flashloanable | Yes |
| Siloed Borrowing | No |
| Borrowable in Isolation | No |
| E-Mode Category | N/A |
Disclaimer
Chaos Labs has not been compensated by any third party for publishing this analysis.
Copyright
Copyright and related rights waived via CC0