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The discussion is centered around Alice's proposal to integrate the STG token from Stargate into the AaveV3 Ethereum market in isolation mode, which is expected to enhance asset diversification and create new revenue streams. The proposal has now reached the snapshot stage, indicating a positive inclination towards the integration, with the final decision pending community feedback and the outcome of the Aave Improvement Proposal (AIP).
The discussion has been primarily focused on the proposal by Alice to integrate the STG token from Stargate into the AaveV3 Ethereum market in isolation mode. Stargate, which is built on the LayerZero protocol, offers a composable, omnichain bridge. The STG token uses a linear ve-locking mechanism to provide governance power and fee redistribution to its users. The integration of STG into the Ethereum Aave v3 is expected to enhance asset diversification and create new revenue streams for Aave. To limit protocol exposure, the onboarding is being considered in isolation mode with conservative Loan-to-Value (LTV) and debt ceiling parameters.
The proposed parameters for the integration include a supply cap of 10,000,000 STG, a borrow cap of 5,500,000 STG, and a debt ceiling of 3M$. The subsequent steps involve gathering community feedback and recommendations from Gauntlet, publishing a snapshot of the risk providers' recommendations, and if successful, escalating to an Aave Improvement Proposal (AIP). Gauntlet has expressed agreement with the proposed parameters for STG 1,2. The discussion thus far indicates a positive inclination towards the integration, with the final decision pending community feedback and the outcome of the AIP.
The discussion has now moved forward, with Alice announcing that the proposal has been escalated to the snapshot stage. She provided a link to the proposal on snapshot.org3. This marks a significant step in the process, indicating that the community is moving closer to a final decision on the integration of the STG token into the AaveV3 Ethereum market.
Posted 2 months ago
Last reply 2 months ago
Summary updated 2 months ago
Last updated 06/12 00:43