[ARFC] Onboard wbETH to Aave v3 BNB Chain

[ARFC] Onboard wbETH on Aave V3 BNB Chain

Author: ACI (Aave Chan Initiative)

Date: 2024-04-02


This ARFC proposes the addition of wbETH the Binance Liquid Staked ETH Token to Aave V3 BNB Chain to enhance LST liquidity and asset diversity.


Liquid Staked Tokens are one of the premier collateral types on Aave and drive most of the ETH borrow demand. wBETH is one of the largest Liquid Staking Tokens on the market and one of the more productive assets available on BNB Chain.

The Aave-Chan Initiative supports LST diversity in Aave V3 and looks to add more LST to the new BNB Chain deployment.


wbETH: 0xa2E3356610840701BDf5611a53974510Ae27E2e1

Risk parameters

These initial risk parameters have been suggested by Chaos Labs.

Risk Parameters Value
Isolation Mode No
Borrowable Yes
Collateral Enabled Yes
Supply Cap (wbETH) 3,000
Borrow Cap (wbETH) 300
Debt Ceiling NA
LTV 67.00%
LT 74.00%
Liquidation Bonus 7.00%
Liquidation Protocol Fee 10.00%
Variable Base 0.0%
Variable Slope1 7.00%
Variable Slope2 300.00%
Uoptimal 45.00%
Reserve Factor 15.00%
Stable Borrowing Disabled
Stable Slope1 13.00%
Stable Slope2 300.00%
Base Stable Rate Offset 3.00%
Stable Rate Excess Offset 5.00%
Optimal Stable To Total Debt Ratio 20.00%
Flahloanable No
Siloed Borrowing No
Borrowed in Isolation No
maxYearlyRatioGrowthPercent ratioReferenceTime MINIMUM_SNAPSHOT_DELAY
8.66% monthly 14 days

Useful links:

Website: https://www.binance.com/en/ethereum-staking


The ACI is not presenting this ARFC on behalf of any third party and is not compensated for creating this ARFC.

Next Steps

  1. If consensus is reached on this ARFC, escalate this proposal to the Snapshot stage.
  2. If the ARFC snapshot outcome is YAE, publish an AIP vote for final confirmation and enforcement of the proposal.


Copyright and related rights waived via CC0.

1 Like

The current proposal has been escalated to ARFC Snapshot.

Vote will start tomorrow, we encourage everyone to participate.

After Snapshot monitoring, the current ARFC Snapshot has recently ended, reaching both Quorum and YAE as winning option with 539K votes.

Therefore the ARFC Snapshot has passed.

Next step will be publication of an AIP for final confirmation.