Aave

---

title: “Enable borrow of OP token” author: “Alice Rozengarden (@Rozengarden - Aave-chan initiative)” discussions: “https://governance.aave.com/t/arfc-op-risk-parameters-update-aave-v3-optimism-pool/14633”

Simple Summary

This proposal updates the OP lending pool to make it reflect the change voted in AIP-337.

Motivation

While a previous AIP updated the parameters of the Aave V3 Optimism pool for the OP asset, it didn’t enable the borrow of the Optimism token. Thus this AIP proposes to deliver the second part of the AIP-337 by enabling borrowing of OP tokens matching it’s original intent.

Specification

• Asset: OP
• OP Contract Address: 0x4200000000000000000000000000000000000042

New Risk Parameters:

Parameter	Value
Asset	OP
Enabled to Borrow	Enabled

As a reminder, here are the previously updated parameters:

Parameter	Value
Asset	OP
Supply Cap	10M
Borrow Cap	500k
Loan To Value (LTV)	30%
Liquidation Threshold (LT)	40%
Liquidation Penalty (LP)	10%
Liquidation Protocol Fee (LPF)	10%
Stable Borrow	Disabled
Base Variable Rate	0%
Slope1	7%
Slope2	300%
Optimal Ratio	45%
Reserve Factor (RF)	20%

References

• Implementation: Optimism
• Tests: Optimism
• Snapshot
• Discussion

Copyright

Copyright and related rights waived via CC0.