Aave

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Title: [ARFC] Onboard BNBx to Aave V3 BNB Chain Author: ACI (Aave Chan Initiative) Date: 2024-05-27

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Summary

This ARFC proposes the addition of BNBx from Stader to Aave V3 BNB Chain to enhance LST liquidity and asset diversity.

Motivation

BNBx is a liquid staked token of BNB from Stader. Users can freely mint BNBx in exchange for BNB deposits and earn yield from staking.

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

Specification

Contract address: 0x1bdd3cf7f79cfb8edbb955f20ad99211551ba275

Parameter	Value
Isolation Mode	No
Borrowable	Yes
Collateral Enabled	Yes
Supply Cap (BNBx)	5,000
Borrow Cap (BNBx)	500
Debt Ceiling	NA
LTV	65.00%
LT	70.00%
Liquidation Bonus	7.50%
Liquidation Protocol Fee	10.00%
Variable Base	0.0%
Variable Slope1	7.00%
Variable Slope2	300.00%
Uoptimal	45.00%
Reserve Factor	15.00%
Stable Borrowing	Disabled
Flahloanable	Yes
Siloed Borrowing	No
Borrowed in Isolation	No

Risk Parameters have been provided by Risk Service Providers and ARFC has been updated.

Useful Links

• Website: https://www.staderlabs.com/
• BNBx docs: https://binance.docs.staderlabs.com/
• TEMP CHECK
• TEMP CHECK Snapshot

Disclaimer

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

Next Steps

1. Publication of a standard ARFC, collect community & service providers feedback before escalating proposal to ARFC snapshot stage
2. 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.