SIP-389: Adding Support for Yield Tokens from Aave and Lido to Arbitrum V3 LP
| Author | |
|---|---|
| Status | Approved |
| Type | Governance |
| Network | Arbitrum |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2024-06-03 |
Simple Summary
This SIP proposes the addition of several yield tokens as LP collateral on Arbitrum V3 deployment, including aArbUSDC, aArbWETH, aArbWBTC, and aArbUSDT from Aave and wstETH from Lido.
Abstract
In order to enhance the diversity of yield-generation and exposure options for LP collateral within the Synthetix ecosystem, this SIP aims to add the following yield tokens as supported collateral types for the Arbitrum V3 deployment:
Aave
- aArbUSDC (0x625e7708f30ca75bfd92586e17077590c60eb4cd)
- aArbWBTC (0x078f358208685046a11c85e8ad32895ded33a249)
- aArbWETH (0xe50fA9b3c56FfB159cB0FCA61F5c9D750e8128c8)
- aArbUSDT (0x6ab707aca953edaefbc4fd23ba73294241490620)
Lido
- wstETH (0x5979D7b546E38E414F7E9822514be443A4800529)
Motivation
The addition of these yield tokens aims to:
- Increase the variety of assets available to LP.
- Attract users of different protocols to the Synthetix ecosystem.
- Enhance the overall liquidity on Arbitrum V3 deployment.
Configurable Values
Each LP parameter (LP cap, minimum minting c-ratio, liquidation ratio) will be configured via SCCP.
Copyright
Copyright and related rights waived via CC0.