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The discussion focused on MarcZeller's proposal to introduce stEUR as a collateral-only asset on the Aave V3 Ethereum Pool, aiming to diversify decentralized stablecoins and leverage stEUR's collateral potential. The community is now expected to provide feedback on the proposal, while the support from WintermuteGovernance, an Angle Protocol investor, underscores the potential benefits of this move.
The discussion primarily revolved around the proposal by MarcZeller to onboard stEUR as a collateral-only asset on the Aave V3 Ethereum Pool. The proposal aims to enhance the diversity of decentralized stablecoins, foster growth in a controlled environment, and tap into the collateral potential of stEUR. The proposed risk parameters for stEUR onboarding include a supply cap of 3,000,000 stEUR, an LTV of 70%, and a reserve factor of 20%, among others. The process moving forward involves gathering community feedback and escalating the proposal through various stages, including the TEMP CHECK snapshot stage, ARFC stage, and AIP stage, contingent on community consensus1.
A point of contention arose when 0xkeyrock.eth queried the exclusion of agEUR from the proposal. MarcZeller clarified that agEUR has a more suitable use-case and potential synergies on L2s, particularly in polygon and the upcoming Gnosischain deployment 2,3. WintermuteGovernance expressed support for the addition of stEUR to Aave V3 Ethereum, highlighting the diversity it brings to Aave and its underlying yield. It's important to note that Wintermute is an investor in Angle Protocol4.
In conclusion, the discussion was a constructive exploration of the potential of stEUR as a collateral-only asset on the Aave V3 Ethereum Pool. The community is now tasked with providing feedback on the proposal, which will determine the next steps in the process. The discussion also highlighted the potential of agEUR on L2s, indicating possible future directions for the platform. The support from WintermuteGovernance for the addition of stEUR to Aave V3 Ethereum underscores the potential benefits of this move, including increased diversity and yield.
Posted 2 months ago
Last reply 2 months ago
Summary updated 2 months ago
Last updated 08/12 04:39