[TEMP CHECK] Add LINK to Aave V3 Base Instance
Author: sreno
Date: 2025-08-10
Chainlink has announced the Chainlink Reserve, further optimizing the LINK token’s risk profile for AAVE’s lending markets.
Summary
Most ETH infrastructure including AAVE is heavily reliant on Chainlink Oracle services.
LINK is already accepted as collateral on Aave v3 Mainnet Instance and Aave v3 Arbitrum Instance. It would follow that Base, a quickly growing L2 sponsored by Coinbase, would be the next market to accept LINK as collateral. Base like Arbitrum uses Chainlink for all of it’s oracle services.
Through jumper.exchange 100 ETH on Mainnet can be swapped for 19074 LINK on Base with only -0.60% price impact. Similarly, 10,000 LINK can be bridged from ETH Mainnet to Base with negligible price impact. (Liquidity routed via LI.FI, GLACIS, 1inch)
Motivation
- Chainlink is a vital protocol to the health of the entire ETH ecosystem.
- The LINK token has 2/3 of its token’s in circulation.
185k transactions from the Chainlink LINK Token on BASE Mainnet Contract
80k holders, 111k LINK, and 2.57m transactions on Base Mainnet
Specification
Ticker: LINK
LINK Base L2 Contract Address: Address: 0x88Fb150B...Af8C6e196 | BaseScan
Chainlink LINK/USD oracle for Base: Address: 0x17CAb8FE...49B0f9D65 | BaseScan
Initial Risk Parameters
- Isolation Mode: Disabled
- Borrowable: Yes
- Collateral Enabled: Yes
- Loan-to-Value (LTV): 60% (10 percent less than Arbitrum Instance LTV for LINK)
- Liquidation Threshold (LT): 70%
- Liquidation Bonus: 10%
- Reserve Factor: 30% (captures protocol revenue from borrowing activity while encouraging supply)
- Borrow Cap: 30,000 LINK (~$666k at current prices)
- Supply Cap: 60,000 LINK (~$1.32M at current prices)
Disclosures: Author holds some Chainlink and AAVE tokens.