[ARFC] Launch GHO on Gnosis Chain
author: karpatkey
date: 2025-03-13
Summary
This proposal aims to launch GHO on the Gnosis chain and designate ACI as the Emissions Manager for GHO rewards and incentives. Deploying GHO to Gnosis is one part of karpatkey’s mandate and a milestone towards sGHO (savings GHO) deployment. Gnosis Chain has low transaction fees, an engaged community, and a rapidly growing suite of DeFi applications focused on RWAs and innovative payment solutions like Gnosis Pay.
Motivation
The sGHO vault will provide a risk-minimized yield alternative that can be used as collateral for enhanced capital efficiency, debuting on Gnosis Chain. The first step of this deployment is introducing GHO to the Gnosis Chain, which is renowned for its cost-efficiency, active community, and innovative DeFi landscape, making it an ideal environment for GHO. As GHO Growth Service Provider, karpatkey has been entrusted with driving community engagement, forging strategic partnerships, and ensuring the successful liquidity bootstrapping of GHO.
This proposal leverages karpatkey’s expertise and the favorable market conditions on Gnosis to deploy GHO with risk parameters and smart contract implementations that are finely tuned to the unique characteristics of the Gnosis ecosystem. sGHO deployment, the enhancements proposed to the GC Instance and future incentives for GHO (subject to an upcoming proposal on both DAOs) will work together to position GHO as a strong player within Gnosis, enhancing the TVL and revenue for Aave on this chain.
Specification
The deployment of GHO on Gnosis will be executed through coordinated efforts among various service providers. The necessary smart contracts and supporting infrastructure will be designed and deployed to enable full GHO functionality on the Gnosis chain, including the implementation of any required cross-chain bridge infrastructure to ensure seamless integration within the Aave ecosystem. In parallel, risk and finance service providers will collaborate to establish risk parameters and collateral requirements specifically optimized for the Gnosis environment, incorporating insights gained from previous network launches.
Therefore, karpatkey is inviting all Service Providers to provide input on their scopes in this proposal. The proposed launch of GHO at Gnosis Chain will have the following key components:
- BGD and Avara (Aave Labs) to implement and deploy the necessary smart contracts for GHO on the Gnosis Chain network, including cross chain bridge infrastructure and addition to Aave v3 Gnosis Chain.
- Risk service providers and finance service providers should collaborate on appropriate risk parameters and collateral requirements tailored to the Gnosis Chain ecosystem.
Additionally, a strategic plan will be developed to bootstrap initial liquidity on Gnosis, including tailored incentives and partnerships with established protocols in the ecosystem. @ACI will serve as the Emissions Manager for GHO rewards and incentives.
- ACI multisig address: 0xac140648435d03f784879cd789130F22Ef588Fcd
The exact timeline and detailed technical specifications for each component will be determined by the service providers and presented in subsequent AIPs, pending the approval of this ARFC.
GHO parameters
| Parameter | Value |
|---|---|
| Asset | GHO |
| Market | Gnosis |
| 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 | 5% |
| Variable Slope1 | 3% |
| Variable Slope2 | 30% |
| Optimal | 90% |
| Reserve Factor | 0% |
| Stable Borrowing | Disabled |
| Flashloanable | Yes |
| Siloed Borrowing | No |
| Borrowable in Isolation | No |
| E-Mode Category | N/A |
Disclaimer
karpatkey is not presenting this ARFC on behalf of any third party and is not compensated for creating this ARFC.
Next Steps
If consensus is reached on this ARFC, the proposal will be escalated to the Snapshot stage. Upon a positive Snapshot outcome, service providers will proceed with the appropriate AIPs.
Copyright
Copyright and related rights waived via CC0.