[TEMP CHECK] Aave V3 Deployment on GnosisChain

Title : [TEMP CHECK] Aave V3 “MVP” Deployment on GnosisChain

Author : Marc Zeller @marczeller - Aave Chan Initiative

Date : 2023-08-16


This TEMP CHECK proposes the deployment of an Aave V3 pool on GnosisChain. The assets considered for this deployment include wETH, wstETH, GNO, USDC, wxDAI, and EURe.


Aave & GnosisChain with the upcoming deployment of GnosisPay L2 payment system and GnosisCard product have strategic synergies opportunities. Allowing users to “deposit as collateral, borrow and spend with Gnosis” seamless and near-zero fees experience.

GnosisChain has been a historic actor in the ecosystem, with its roots tracing back to the POA network.

This proposal builds upon the precedent of synergies between the Aave codebase and the gnosischain as illustrated by the friendly fork RMM Market with RealT, as seen here.

This “MVP” deployment opens the gates for deeper synergies between the Gnosis & Aave ecosystems in the future.


The proposed deployment on GnosisChain will include the following assets:

Risk Parameter wETH wstETH GNO USDC wxDAI EURe
Isolation Mode NO NO YES NO NO NO
Enable Collateral YES YES YES YES YES NO
Emode Category N/A N/A N/A N/A N/A N/A
Loan To Value 80.5% 69% 25% 77% 77% N/A
Liquidation Threshold 83% 80% 28% 80% 80% N/A
Liquidation Bonus 5% 6% 10% 4.5% 4.5% N/A
Reserve Factor 15% 15% N/A 10% 10% 15%
Liquidation Protocol Fee 10% 10% 10% 10% 10% 10%
Supply Cap 7500 wETH 2000 wsETH 300000 5M USDC 10M xDAI 3.5M EURe
Borrow Cap 7500 wETH 500 wstETH N/A 5M USDC 10M xDAI 3.5M EURe
Debt Ceiling N/A N/A 5M$ N/A N/A N/A
uOptimal 90% 45% N/A 90% 90% 90%
Base 0% 0% N/A 0% 0% 0%
Slope1 3.8% 3.8% N/A 3.5% 5% 5%
Slope2 80% 80% N/A 60% 60% 60%

Even if both assets currently lack the maturity to be considered, the ACI is supportive mid-term of adding both wGHO and sDAI onboarding in the GnosisChain V3 pool.


The Aave Chan Initiative is not affiliated with or paid by any third parties to publish this TEMP CHECK.
The ACI, as an entity, is a customer of Monerium. (EURe)

Next Steps

  1. Gather community feedback on this TEMP CHECK.
  2. If consensus is reached, escalate this proposal to the TEMP CHECK Snapshot stage.
  3. If TEMP CHECK snapshot outcome is YAE, escalate to ARFC stage. and create a deployment checklist process.
  4. If ARFC stage requirements are met, escalate to ARFC snapshot
  5. If ARFC Snapshot outcome is YAE, Publish a deployment AIP.


Copyright and related rights waived via CC0.


We’re supportive of this MVP and believe the assets proposed are a good starting point for this deployment!


The TEMP CHECK Snapshot was approved by governance.

This proposal will be escalated shortly to the ARFC stage.

The deployment of Aave v3 on Gnosis Chain (GC) is a strategic move. It will strengthen the GC DeFi ecosystem, as it is an important addition to Balancer, Backed, Aura, and many other protocols.

We agree that the current parameters are aligned with this “MVP”, and we look forward to an expedited GHO deployment at GC.

We are happy to see this has passed snapshot and will continue to support this in the following stages.

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