[TEMP CHECK] Onboarding sfrxETH to Aave V3 Ethereum Market
Title: [TEMP CHECK] Onboarding sfrxETH to Aave V3 Ethereum Market
Author: @marczeller - Aave Chan Initiative
Date: 2023-11-12
Summary
Seeking community sentiment on adding sfrxETH to the Aave V3 Ethereum market to enhance LST liquidity and asset diversity.
Motivation
sFrxETH is the Staked version of FrxETH from the Frax Ecosystem. Users can freely mint frxETH in exchange for ETH deposits.
The Aave-Chan Initiative supports LST diversity in Aave V3 as shown with our historical support of cbETH, rETH, and, parallel to this proposal, our support for ETHx.
This proposal is a reboot of https://governance.aave.com/t/arc-proposal-onboarding-sfrxeth-from-frax-protocol-to-aave-v3-ethereum-market/11510 from January. More details for sFrxETH can be found in the first proposal.
Specification
- **Contract Address: sfrxETH : 0xac3e018457b222d93114458476f3e3416abbe38f
Proposed risk parameters will be shared at the potential ARFC stage of this proposal.
Next Steps
- if TEMP CHECK snapshot outcome is YAE development of a detailed ARFC with technical specifications and implementation plans.
- Escalation to ARFC snapshot
- if ARFC snapshot outcome is YAE, escalate the proposal to the AIP stage
Disclaimer
This proposal is powered by Skywards.
The Aave Chan Initiative is not directly affiliated with Frax Protocol and did not receive compensation for creation this proposal.
Copyright
Copyright and related rights waived via CC0.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x329c...543eD4 | 116,060 | YAE |
 0x13BD...138548 | 61,304 | YAE |
 0x2331...607e73 | 60,000 | YAE |
 Wintermute Governance | 42,387 | YAE |
 StableLab | 38,748 | YAE |
VOTE POWER
Proposal Status
- Tue November 21 2023, 06:54 amVoting Period Starts
- Fri November 24 2023, 06:54 amEnd Voting Period
Current Results
1-YAE
474,593.535
2-NAY
199.47
3-ABSTAIN
2.397