We support the listing of wstETH on Base, following its launch on the network.
As liquidity is still building up on the network, we recommend launching with conservative parameters which can be later optimized.
Given the currently low liquidity levels (~320 wstETH) and leaning on past recommendations for other networks, we recommend the following launch parameters:
| Risk Parameter | Value |
|---|---|
| Isolation Mode | No |
| Borrowable in Isolation | No |
| Stable Borrow | No |
| Enable Borrow | Yes |
| Enable Collateral | Yes |
| Loan To Value (LTV) | 71% |
| Liquidation Threshold | 76% |
| Liquidation Bonus | 8% |
| Reserve Factor | 15% |
| Liquidation Protocol Fee | 10% |
| Supply Cap | 100 wstETH |
| Borrow Cap | 10 wstETH |
| Debt Ceiling | N/A |
| uOptimal | 45% |
| Base | 0% |
| Slope1 | 7% |
| Slope2 | 300% |
Chaos Labs will update the recommendations prior to the publication of the AIP to account for up-to-date liquidity.