# \[TEMP CHECK\] Add gmETH on Arbitrum V3

**URL:** <https://governance.aave.com/t/temp-check-add-gmeth-on-arbitrum-v3/16399>\
**Category:** New Asset\
**Created:** [January 26, 2024, 9:30am UTC](https://governance.aave.com/t/temp-check-add-gmeth-on-arbitrum-v3/16399 "2024-01-26T09:30:36Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![SaucyBlock](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/saucyblock/32/4950_2.png) [@SaucyBlock](https://governance.aave.com/u/SaucyBlock)\
**Post date:** [January 26, 2024, 9:30am UTC](https://governance.aave.com/t/temp-check-add-gmeth-on-arbitrum-v3/16399/1 "2024-01-26T09:30:36Z")

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**Title: [TEMP CHECK] Add gmETH on Arbitrum V3  
Author: @0xlide - @SaucyBlock  
Date: 2024-01-26**

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## Summary

This publication presents the community an opportunity to add gmETC on the Arbitrum Aave v3 Liquidity Pool.

## Motivation

GMX Protocol is the largest DEX offering derivatives and one of the most popular DeFi’s today. The introduction of several new features and integration with Chainlink Data Stream in GMX V2 has significantly reduced the risks of front-running and price manipulation compared to GMX V1. gmETH is a ETH-USD’s Liquidity Token on the GMX V2 and earn fees from leverage trading, borrowing fees and swaps.

Integrating gmETH as collateral asset in the Aave V3 Arbitrum Pool has the potential to create new demand for borrowable assets on Aave V3, such as ETH and Liquid Staking ETH, Stablecoin.

## Specifiction

Ticker: gmETH  
Contract Adress: [0x70d95587d40A2caf56bd97485aB3Eec10Bee6336](https://arbiscan.io/token/0x70d95587d40A2caf56bd97485aB3Eec10Bee6336)  
Chainlink Oracle: [0xfb3264d1129824933a52374c2c1696f4470d041e](https://arbiscan.io/address/0xfb3264d1129824933a52374c2c1696f4470d041e)

Proposed risk parameters will be shared at the potential ARFC stage of this proposal.

## Reference

Project:[https://gmx.io/#/](https://gmx.io/#/)  
GitHub:[https://github.com/gmx-io](https://github.com/gmx-io)  
Docs:[https://docs.gmx.io/docs/intro](https://docs.gmx.io/docs/intro)  
Audit: [https://github.com/gmx-io/gmx-synthetics/tree/main/audits](https://github.com/gmx-io/gmx-synthetics/tree/main/audits)  
Twitter:[https://twitter.com/GMX\_IO?s=20](https://twitter.com/GMX_IO?s=20)  
Telegram: [Telegram: View @GMX\_IO](https://t.me/GMX_IO)  
Discord: [GMX](https://discord.com/invite/H5PeQru3Aa)

## Next Steps

1. Gather community feedback on this TEMP CHECK.
2. If consensus is reached, escalate this proposal to TEMP CHECK snapshot stage.
3. If TEMP CHECK snapshot outcome is YAE, escalate to ARFC stage.
4. If consensus on ARFC stage is reached and risk service providers provide feedback on risk parameters, escalate to ARFC snapshot stage.
5. If ARFC snapshot stage outcome is YAE, escalate to AIP stage

## Disclaimer

0xlide is not presenting this TEMP CHECK on behalf of any third party and is not compensated by any entity for creating this TEMP CHECK.

## Copyright

Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).

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<div class="post-metadata">

**Author:** ![Jonathanks](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/jonathanks/32/5035_2.png) [@Jonathanks](https://governance.aave.com/u/Jonathanks)\
**Post date:** [January 26, 2024, 10:49am UTC](https://governance.aave.com/t/temp-check-add-gmeth-on-arbitrum-v3/16399/2 "2024-01-26T10:49:19Z")

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Yes, good idea! the BTC and ETH pool of GMX V2 have massively deep liquidity and earn high yield. These two should be the priority. GMX’s security is also robust, they’ve gone through lots of audits and have active threat monitoring etc.

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<div class="post-metadata">

**Author:** ![SaucyBlock](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/saucyblock/32/4950_2.png) [@SaucyBlock](https://governance.aave.com/u/SaucyBlock)\
**Post date:** [February 5, 2024, 6:09pm UTC](https://governance.aave.com/t/temp-check-add-gmeth-on-arbitrum-v3/16399/3 "2024-02-05T18:09:34Z")

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The [TEMP CHECK Snapshot](https://snapshot.org/#/aave.eth/proposal/0x797d06ea14b7ab4b87ca1fa1a2390020174c8086761b429110a903d11cd0ffae) has passed with YAE as winning option with 547K votes.

Therefore, this proposal will transition to the ARFC Stage.