Aave

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Title: [TEMP CHECK] Onboard wbETH on Aave V3 BNB Chain Author: ACI (Aave Chan Initiative) Date: 2024-03-05

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Summary

This TEMP CHECK proposes the addition of wbETH the Binance Liquid Staked ETH Token to Aave V3 BNB Chain to enhance LST liquidity and asset diversity.

Motivation

Liquid Staked Tokens are one of the premier collateral types on Aave and drive most of the ETH borrow demand. wBETH is one of the largest Liquid Staking Tokens on the market and one of the more productive assets available on BNB Chain.

The Aave-Chan Initiative supports LST diversity in Aave V3 and looks to add more LST to the new BNB Chain deployment.

Specification

Contract: 0xa2E3356610840701BDf5611a53974510Ae27E2e1

Detailed risk parameters will be formulated and shared in the ARFC phase, after positive community feedback from this TEMP CHECK.

Useful links:

• Website: https://www.binance.com/en/ethereum-staking

Disclaimer

The ACI is not presenting this TEMP CHECK on behalf of any third party and is not compensated for creating this ARFC.

Next Steps

1. If consensus is reached on this [TEMP CHECK], escalate this proposal to the Snapshot stage.
2. If the Snapshot outcome is YAE, this proposal will be escalated to ARFC stage
3. Publication of a standard ARFC, collect community & service providers feedback before escalating proposal to ARFC snapshot stage
4. If the ARFC snapshot outcome is YAE, publish an AIP vote for final confirmation and enforcement of the proposal

Copyright

Copyright and related rights waived via CC0.