Create sip-388.md

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+---
+sip: 388
+title: Adding Support for EtherFi weETH and Aave aweETH to Arbitrum V3 LP
+network: Arbitrum
+status: Draft
+type: Governance
+author: <dansnacks>
+created: 2024-05-30
+—
+
+## Simple Summary
+
+This SIP proposes the addition of native and Aave EtherFi weETH tokens as LP collateral on Arbitrum V3 deployment.
+
+## Abstract
+
+In order to enhance the diversity of yield-generation and exposure options for LP collateral within the Synthetix ecosystem, this SIP aims to add native and Aave EtherFi weETH tokens as LP collateral on Arbitrum V3 deployment. Depositors of weETH and aweETH will continue to earn EtherFi points along with the native restaking yield of each token.
+
+## Motivation
+
+The addition of these yield tokens aims to:
+- Increase the variety of yield-generating assets available to LP.
+- Attract holders of weETH and aweETH to the Synthetix ecosystem.
+- Enhance the overall liquidity of Arbitrum V3 LP.
+
+### Technical Specification
+
+Implementation of this SIP will be contingent on the availability of an weETH and aweETH price oracles on Arbitrum.
+
+### Test Cases
+
+N/A
+
+### Configurable Values
+
+Each LP parameter (LP cap, minimum minting c-ratio, liquidation ratio) will be configured via SCCP.
+
+## Copyright
+
+Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).