Skip to content

Commit

Permalink
Create sip-389.md
Browse files Browse the repository at this point in the history
  • Loading branch information
dansnacks authored Jun 3, 2024
1 parent 35c1313 commit b0d9c51
Showing 1 changed file with 41 additions and 0 deletions.
41 changes: 41 additions & 0 deletions content/sips/sip-389.md
Original file line number Diff line number Diff line change
@@ -0,0 +1,41 @@
---
sip: 389
title: Adding Support for Yield Tokens from Aave and Lido to Arbitrum V3 LP
network: Arbitrum
status: Draft
type: Governance
author: Danny Sacks (@dansnacks)
created: 2024-06-03
---

## Simple Summary

This SIP proposes the addition of several yield tokens as LP collateral on Arbitrum V3 deployment, including aUSDC, aETH, aWBTC, and aUSDT from Aave and wstETH from Lido.

## 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 the following yield tokens as supported collateral types for the Arbitrum V3 deployment:

### Aave
- aUSDC
- aWBTC
- aETH
- aUSDT

### Lido
- wstETH

## Motivation

The addition of these yield tokens aims to:
- Increase the variety of assets available to LP.
- Attract users of different protocols to the Synthetix ecosystem.
- Enhance the overall liquidity on Arbitrum V3 deployment.

### 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/).

0 comments on commit b0d9c51

Please sign in to comment.