Proposal To List aUSDC As Un-Capped Collateral On The Optimism Deployment Of Interest Protocol
aOptUSDC is a positively rebasing collateral token received for lending USDC to the Aave Protocol.
This is specifically for the Optimism deployment of Interest Protocol only.
Parameters
Underlying: aOptUSDC
LTV: 94%
Liquidation incentive: 5%
Primary Oracle: UsdcStandardRelay - Simple oracle assumes value is 1, as USDI is backed by and pegged to USDC
0x84be5d42712da1129019B4f43F226295ec47FcF9
Technical risks
Type of contract: AToken
Time: Deployed Mar-11-2022 01:49:48 PM +UTC
Value: USDC
Privileges: Controlled by Aave Protocol / Governance
Upgradability: Yes
Housekeeping
Deprecating the previous cap contract for aUSDC to move to an uncapped model. Doing so reduces the overall risk associated with rebase tokens such as Aave aTokens, reduces complexity for Interest Protocol, and takes advantage of Interest Protocol’s inherent ability to natively support rebase tokens.
Relevant References
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x5fee...c86558 | 3.693M | FOR |
 0xd37C...734b96 | 1.034M | FOR |
 0x3FB1...2d4C8A | 881,486 | FOR |
VOTE POWER
Proposal Status
- Wed March 27 2024, 05:59 pmVoting Period Starts
- Tue April 02 2024, 10:38 amEnd Voting Period
- Fri April 05 2024, 12:59 amQueue Proposal
- Mon April 08 2024, 10:50 pmExecute Proposal
Current Results
1-FOR
5.608M
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens