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# Onboard Native USDC to Aave V3 Markets

0x57ab…2922·ended 57y ago·MEDIUM RISK
Voters
11
AAVE voted
392224077551272.38B
≈$24455171235321836.00B
Token price
$62.35

AI summary

This proposal aims to add native USDC to Aave's lending and borrowing markets on Base, OP Mainnet, and Polygon PoS. Currently, these markets primarily use USDC.e, which is an 'bridged' version of USDC. The goal is to streamline operations and reduce governance overhead by combining several smaller proposals into one 'meta-proposal' for a single vote.

Impact

If passed, users on these networks will be able to supply and borrow native USDC directly on Aave, potentially improving efficiency and reducing complexity. The proposal also notes that the liquidation threshold for some existing USDC.e markets will decrease, which could affect users holding USDC.e as collateral. No specific dollar amounts are mentioned for treasury allocations or payments.

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Voting results

For392224077551272.38B (100.0%)
Against0 (0.0%)
Abstain0 (0.0%)
392224077551272.38B AAVE · ≈$24455171235321836.00B · 11 votersblock 2023-12-15T08:28:11Z

🐳 Whale votes

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No whale votes on this proposal.

Full proposal

Original markdown · Aave

Onboard Native USDC to Aave V3 Markets


title: "Onboard Native USDC to Aave V3 Markets" author: "Aave Chan Initiative and @EzR3aL" discussions: "https://governance.aave.com/t/arfc-onboard-native-usdc-to-aave-v3-markets/15720"

Simple Summary

There are currently multiple proposals in discussion to onboard native USDC to the Aave v3 markets where it is currently not listed. This meta-proposal will onboard native USDC into the Aave V3 pools on Base, OP Mainnet and Polygon PoS.

Motivation

With the evolution of L2 networks, adopting native USDC versions becomes vital for efficie…

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