Skywards, a major player in the DeFi ecosystem, has proposed to integrate the staked version of Ethena’s synthetic dollar, sUSDe, into Aave V3 on Ethereum. This proposal comes after a consensus was reached during the TEMP CHECK phase, indicating potential improvements to the Aave protocol. sUSDe is a stable crypto-native asset that offers attractive yield-earning opportunities, making it an appealing choice for borrowers within the Aave ecosystem. The proposed contract address for sUSDe is 0x9d… with plans to implement an oracle through CAPO for reliable price feeds. Chaos Labs will provide risk parameters for the integration, highlighting Aave’s dedication to robust risk management practices. Skywards is leading this proposal to emphasize community-driven decision-making and transparency in governance processes.
This proposal represents a significant advancement in expanding Aave’s offerings and attracting a diverse range of users looking for stable and yield-generating assets in the DeFi space. Community and service provider feedback will be crucial in shaping the final decision as the proposal progresses. If the response remains positive, the proposal will move to the ARFC snapshot stage, followed by an AIP vote for final confirmation and enforcement. If successful, this integration could reshape the DeFi landscape and further solidify Aave’s position as a leading decentralized lending platform.
In addition to the proposal for sUSDe, Aave is also considering adding Renzo Protocol’s ezETH to Aave V3 Ethereum. The temporary check on community sentiment aims to gauge interest in supporting Renzo Protocol’s Liquid Restaking Token (LRT) ezETH on the platform. LRTs have gained popularity for their productivity as staking assets, with potential for yield leveraged staking strategies. The integration of ezETH into Aave is expected to boost demand for the asset, benefiting both Aave and Renzo Protocol. It is also anticipated to enhance liquidity and peg stability for ezETH. Relevant key performance indicators for Renzo Protocol include Total Value Locked, Total supply, and 24-hour trading volume.
If consensus is reached during the temporary check, the proposal will proceed to subsequent stages such as Snapshot and ARFC before a 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. These initiatives reflect ongoing efforts within the DeFi space to expand opportunities for users and enhance the ecosystem’s overall functionality. It’s crucial for projects like Aave and Renzo Protocol to engage with their communities and incorporate feedback to drive sustainable growth and innovation.
