Proposal to add AAVE

Proposal add AAVE as Collateral

Proposal to add AAVE as a capped collateral to Interest Protocol.


The AAVE token is the governance token to the Aave Ecosystem. AAVE and stkAAVE holders can engage in protocol governance by either delegating voting power to an address of their choosing or directly voting from their address.

The proposed parameters and cap are purposely very conservative. After the initial listing, a subsequent proposal could increase the cap.


Token Address: 0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9
LTV: 70%
Liquidation incentive: 10%
Cap: 230k ($20M)
Oracle Address: [To be deployed]
Primary oracle: Chainlink AAVE/USD
Secondary oracle: Balancer v1 AAVE/WETH


MCAP: $1.22B
Balancer v1 liquidity: $96.3M
Coingecko 7-day avg 24hr volume: $134.6M
Notable exchanges: Coinbase, Binance, Okex, FTX, Huobi, HitBTC

Technical Risks

  1. Type of contract: Governance Token

  2. Underlying asset: Governance Token

  3. Time: +700 days

  4. Value: Control of the Aave Protocol and its various markets

  5. Privileges: the owner of the contract is the Aave governance contract.

    • The owner can transfer ownership of the proxy admin contract
    • The owner controls all aspects of the tokens permissions.
    • 24 hour time lock from when the proposal is queued post a successful on-chain vote
  6. Upgradability: Yes - from Level 2 Governance.


Volatility Data

The below shows the volatility of AAVE relative to ETH.