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updated collateral types as per council feedback (remove aETH & wBTC) + updated collateral est USD values
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MattLosquadro authored Jul 29, 2024
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Expand Up @@ -5,24 +5,22 @@ network: Arbitrum
status: Draft
type: Governance
author: Matt, DSacks
proposal: >-
https://snapshot.org/#/snxgov.eth/proposal/0xba8d6e26fedc3c6b2b3fab0d6f1844f62d659d2776b9e55a78e2d2d9eed957ba
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# Simple Summary
This SCCP proposes to configure the LP & issuance caps for Arbitrum as the system prepares to support yield-generating collateral from AAVE stata tokens, Lido-wrapped staked ETH, and Etherfi’s LRT.
This SCCP proposes to configure the LP & issuance caps for Arbitrum as the system prepares to support yield-generating collateral from AAVE stata USDT, Lido-wrapped staked ETH, and Etherfi's LRT.

# Abstract
The parameters configurations description is as follows. EST USD values updated as of June 10th, 2024:
The parameters configurations description is as follows. EST USD values updated as of July 29th, 2024:

| Asset | Token | Maximum LP Amount (Native Units) | Maximum LP Amount (USD) | TVL on Platform | Issuance Ratio | Liquidation Ratio |
|:---------------------------:|:------:|:--------------------------------:|:-----------------------:|:--------------------------------------------------------------------:|:--------------:|:-----------------:|
| LIDO ARB Wrapped Staked ETH | wsteth | 1354 | ~$5,000,000 | $187m on AAVE + 21m DEX Liquidity + Majority of liquidity on Mainnet | 200% | 135% |
| Aave Arbitrum wBTC | aWBTC | 143 | ~$10,000,000 | $297,000,000 on AAVE | 200% | 135% |
| Aave Arbitrum ETH | aETH | 2,709 | ~$10,000,000 | $370,000,000 on AAVE | 200% | 135% |
| Aave Arbitrum USDT | aUSDT | 5,000,000 | $5,000,000 | $65,000,000 on AAVE | 130% | 105% |
| EtherFi Arbitrum wEETH | wEETH | 261 | ~$1,000,000 | $276m on AAVE + 13m DEX Liquidity + Majority of liquidity on Mainnet | 250% | 150% |
| LIDO ARB Wrapped Staked ETH | wsteth | 2564 | ~$10,000,000 | $174m on AAVE + 21m DEX Liquidity + Majority of liquidity on Mainnet | 200% | 135% |
| Aave Arbitrum USDT | aUSDT | 10,000,000 | $10,000,000 | $85,000,000 on AAVE | 130% | 105% |
| EtherFi Arbitrum wEETH | wEETH | 289 | ~$1,000,000 | $276m on AAVE + 13m DEX Liquidity + Majority of liquidity on Mainnet | 250% | 150% |


# Motivation
The Arbitrum deployment is ready to be configured for yield generating collateral types as defined by [SIP-388](https://sips.synthetix.io/sips/sip-388/) & [SIP-389](https://sips.synthetix.io/sips/sip-389/).
The Arbitrum deployment is ready to be configured for yield generating collateral types as defined by [SIP-388](https://sips.synthetix.io/sips/sip-388/) & [SIP-389](https://sips.sinthetix.io/sips/sip-389/).

# Copyright
Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).

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