Aave

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title: Add RPL to Aave V3 Ethereum pool author: Marc Zeller (@marczeller - Aave Chan Initiative) discussions: https://governance.aave.com/t/arfc-add-rpl-to-ethereum-v3/13181

Simple Summary

This AIP presents the community with the opportunity to add RPL to the Ethereum v3 Liquidity Pool.

Motivation

Rocket Pool is an Ethereum staking protocol. The protocol reduces ETH staking capital and hardware requirements to increase Ethereum’s decentralization and security. Rocket Pool lets customers stake trustlessly to a network of node operators to do this. Adding support for RPL on Ethereum V3 would allow RPL holders to obtain a passive yield on their holdings without the need to deploy mini-pools. On their side, RPL borrowers would be able to participate in Rocket Pool staking without the need to invest in RPL.

RPL is the governance and utility token for RocketPool, a major decentralized liquid staking Token protocol. RocketPool has solidified itself as a Protocol which is actively contributing to Ethereum’s decentralization by making Operating a Node easy and accessible. By supporting RPL on Aave V3 Ethereum we would create an alternative for RPL holders who wish to earn yield on their asset.

Specification

Ticker: RPL

Contract Address: 0xD33526068D116cE69F19A9ee46F0bd304F21A51f`

Parameter	Value
Isolation Mode	No
Borrowable	Yes
Collateral Enabled	No
Supply Cap (RPL)	105,000
Borrow Cap (RPL)	105,000
Debt Ceiling	N/A
LTV	N/A
LT	N/A
Liquidation Bonus	N/A
Liquidation Protocol Fee	10%
Variable Base	0.00%
Variable Slope1	8.50%
Variable Slope2	87.00%
Uoptimal	80.00
Reserve Factor	20.00%
Stable Borrowing	Disabled

References

• Implementation: Ethereum
• Tests: Ethereum
• Snapshot
• Discussion

Copyright

Copyright and related rights waived via CC0.