Aave

[TEMP CHECK] Add bCSPX to Aave V3 Gnosis Instance

Author: @Alexos

Date: 2025-02-03

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Simple Summary

This proposal seeks to list bCSPX (Backed CSPX Core S&P 500) on Aave V3 Gnosis - Instance, marking Aave’s first RWA token integration on Gnosis Chain. bCSPX represents 1:1 tokenized exposure to the S&P 500 index through a regulated ETF structure.

Motivation

• Gnosis Chain Growth: Gnosis Chain currently holds $290M TVL (+18% QoQ) with $5M+ daily DEX volumes (DeFiLlama)
• RWA Leadership: Position Aave as first-mover in RWA lending on Gnosis, following successful integrations like Reental RWA on Polygon and friendly forks like RealT on Gnosis.
• Market Expansion: Enable exposure to traditional equities through DeFi primitives - a $15.6T addressable market (Galaxy Research)

Benefits for Aave 1. First RWA on Gnosis: Establish early dominance in RWA lending 2. New Market Access: Enable crypto-native exposure to S&P 500 returns (13.8% 10Y CAGR) via regulated token (CoinGecko) 3. TVL Growth Leverage: Tap into $2.5M existing bCSPX/sDAI liquidity pool with GNO incentives (Balancer) 4. Chain Synergy: Align with Gnosis’ 32% TVL growth in 2024 through strategic RWA integrations (DeFiLlama)

Key Statistics

Metric	Value	Source
Gnosis TVL	$290M	DeFiLlama
bCSPX Liquidity	$3.0M	Balancer
S&P 500 AUM	$7.8T	ICI
RWA Lending Growth	214% YoY	Galaxy

Specification • Gnosis Contract Address: 0x1e2c4fb7ede391d116e6b41cd0608260e8801d59 Risk Parameters:

Risk Parameters will be updated at ARFC once Risk Service Providers provide their analysis at ARFC stage.

Useful Links

bCSPX Documentation Gnosis Chain Growth Metrics RWA Market Analysis

Disclaimer

The current proposal has been edited by ACI, under Skywards. ACI has not received payment from original author and has not been compensated for future actions regarding this proposal.

Next Step

1. Publish a TEMP CHECK, and escalate proposal to TEMP CHECK Snapshot.
2. If Snapshot is positive, escalate to standard ARFC, collect community & service provider feedback before escalating proposal to Snapshot.
3. Publish an AIP vote for final confirmation and enforcement of the proposal.

Copyright

Copyright and related rights waived under CC0.