[ARFC] Onboard cbBTC to Arbitrum Instance

[ACI]

[ARFC] Onboard cbBTC to Arbitrum Instance

Author: ACI

Date: 2024-11-25

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Summary

This is an ARFC to gauge community sentiment for adding borrow/lend support for cbBTC on AAVE V3 Arbitrum Instance.

Motivation

Following the success of cbBTC on Mainnet and Base instances, we propose onboarding cbBTC to the Arbitrum instance. This aligns with Aave’s work towards providing a diversity of wrapped Bitcoin assets and increasing collateral and borrow options on Layer 2 networks.

Chain to be deployed/listed

Aave v3 instance on Arbitrum.

Specification

Ticker: cbBTC

Contract Address on Arbitrum: 0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf

Risk Parameters:

These will be provided by risk service providers and this ARFC updated with parameters accordingly.

Useful Links

[TEMP CHECK] Onboard cbBTC to Aave v3 on Base

[TEMP CHECK] Onboard cbBTC to Aave v3 on Base Author: @ACI (Aave Chan Initiative) Date: 2024-08-28 Summary The proposal aims to onboard Coinbase’s cbBTC, to the Aave v3 protocol on Base. Motivation/Background cbBTC, a new Bitcoin wrapper offering from Coinbase, is set to launch in the coming weeks. As a centralized and trusted entity in the cryptocurrency space, Coinbase’s entry into the wrapped Bitcoin market with cbBTC brings a unique value proposition to the Aave ecosystem. This new asset w…

[ARFC] Onboard cbBTC to Aave v3 on Base and Mainnet

[ARFC] Onboard cbBTC to Aave v3 on Base and Mainnet Author: @ACI (Aave Chan Initiative) Date: 2024-09-10 Summary The proposal aims to onboard Coinbase’s cbBTC, to the Aave v3 protocol on Mainnet main instance & Base. Motivation cbBTC, a new Bitcoin wrapper offering from Coinbase, is set to launch in the coming weeks. As a centralized and trusted entity in the cryptocurrency space, Coinbase’s entry into the wrapped Bitcoin market with cbBTC brings a unique value proposition to the Aave ecosystem…

Disclaimer

This proposal is powered by Skywards. ACI is not directly affiliated with Coinbase and did not receive compensation for creation this proposal.

Next Steps

1. Publication of a standard ARFC, collect community & service providers feedback before escalating proposal to ARFC snapshot stage.
2. If the ARFC snapshot outcome is YAE, publish an AIP vote for final confirmation and enforcement of the proposal.

Copyright

Copyright and related rights waived under CC0.