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Aave V3 on Ethereum Proposed to Integrate Ethena’s sUSDe Stablecoin

Skywards

Skywards, a prominent player in the DeFi ecosystem, has submitted a proposal to add sUSDe, the staked version of Ethena’s synthetic dollar, as a collateral option on Aave V3 on Ethereum. This proposal signifies potential improvements to the Aave protocol, following a successful “TEMP CHECK” gauging community sentiment.

Skywards Aims to Integrate sUSDe Into Aave V3 on Ethereum

sUSDe offers a stable crypto-native solution with attractive yield-earning opportunities, making it an appealing asset for borrowers within the Aave ecosystem. The proposed contract address for sUSDe is 0x9d…, with plans to implement an oracle through CAPO to ensure reliable price feeds.

Risk parameters for the integration will be provided by Chaos Labs, showcasing Aave’s commitment to robust risk management practices. Notably, Skywards is spearheading this proposal, emphasizing community-driven decision-making and transparency in governance processes.

This proposal signifies a significant step in expanding Aave’s offerings and attracting a diverse range of users seeking stable and yield-generating assets within the DeFi landscape. As the proposal progresses, community and service provider feedback will be pivotal in shaping the final decision.

If the response remains positive, the proposal will advance to the ARFC snapshot stage, followed by an AIP vote for final confirmation and enforcement, potentially reshaping the DeFi landscape.

Proposal to Integrate Renzo Protocol’s ezETH into Aave V3

Previously, Aave announced a temporary sentiment check within the community to assess interest in adding support for Renzo Protocol’s Liquid Restaking Token (LRT) ezETH on Aave V3 Ethereum. The proposal aims to introduce a new asset class to Aave, enhancing the diversity of the lending and staking category.

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Liquid Restaking tokens (LRTs) have gained significant popularity recently due to their productivity as staking assets, particularly with the introduction of eMode. The integration of ezETH into Aave is expected to increase demand for ezETH, leading to boosted revenues for both Aave and Renzo Protocol, while enhancing liquidity and peg stability for ezETH.

If consensus is reached during this temporary check, the proposal will progress to subsequent stages, including Snapshot and ARFC, before final confirmation through an AIP vote. Interested parties can refer to Renzo Protocol’s resources for further details and documentation, including their website, documentation, GitHub repository, audits, and Chainlink Data Feed.

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