# Add OP to Aave V3 on Optimism
AI summary
This proposal seeks to add the OP token, which is the governance token for the Optimism blockchain, as a collateral asset on Aave V3 on the Optimism network. This means users would be able to deposit OP tokens into Aave and borrow other cryptocurrencies against them. The Optimism Foundation may also provide incentives to encourage initial use of this new collateral option.
If passed, Aave users on Optimism would gain a new collateral option, potentially increasing liquidity and usage of Aave V3 on that network. This could benefit OP token holders by providing more utility for their tokens, and Aave by attracting more users and capital to its Optimism deployment. There are no direct financial losses for any specific group, but all collateral assets carry inherent market risks.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Add OP to Aave V3 on Optimism
A8B4294C4B1F-AIP-ADD-OP-TO-AAVE-V3
Author(s): Ben Jones
Author
Founder of OP Labs and a director at Optimism Foundation
Forum post
Proposal to add OP as collateral on Aave V3 (On Optimism)
Summary
The proposal seeks to onboard the OP token as a collateral asset in Aave V3 on Optimism. The Optimism Foundation could also seed incentives while the initial liquidity of the pool is bootstrapped.
Risk Parameters
The complete technical and risk parameters:
- Loan-to-value: 50.00%
- Li…