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Adding Uniswap v3 NFTs as collateral

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2 replies, 1841 views, 3 likes

governance.aave.com

TL;DR:

Mango proposed introducing Uniswap v3 NFTs as a new asset category in Aave to simplify position management, but this would only apply to Aave-approved-token Uniswap v3 pools. MarcZeller suggested using ERC-20 tokens like G-UNI instead due to implementation difficulties, while 0xlide mentioned an existing proposal for UniswapV3 NFT use and sought feedback.

The discussion primarily revolved around the proposal by Mango to introduce a new category of assets to Aave: Uniswap v3 NFTs1. These NFTs, which represent a position made of two assets in a liquidity pool, would be used as collateral. The proposal aims to simplify the management of positions for users by allowing them to borrow an asset against two assets, with the collateral adjusted dynamically. However, the proposal would only apply to Aave-approved-tokens Uniswap v3 pools, such as ETH / DAI, WBTC / ETH, and so on.

In response to this, MarcZeller pointed out the potential difficulties in implementing Uniswap NFT as collateral on Aave due to their non-fungible nature within the current Aave architecture2. Instead, he suggested the use of ERC-20 tokens representing uni V3 positions, such as G-UNI tokens from the Arrakis protocol. He also expressed a personal preference for Balancer & Curve LP positions as collateral for strategic reasons.

The discussion was further enriched by 0xlide, who mentioned that a proposal to use UniswapV3 NFT has already been submitted3. He expressed his belief in the potential of this idea to significantly grow Aave and sought feedback on these ARCs. The discussion thus represents a significant exploration of the potential for using Uniswap v3 NFTs as collateral in Aave, with various perspectives and suggestions being offered.

Posted 10 months ago

Last reply 10 months ago

Summary updated 2 months ago

Last updated 03/12 08:00