MIP-015: Maple Strategies - AAVE Implementation

Proposal Forum
1

Overview
MIP-015 proposes the implementation of Aave V3 integration within the Maple Strategies framework established by MIP-014. This implementation will enable pools to deploy capital into Aave V3’s lending markets, expanding Maple’s yield generation capabilities through one of DeFi’s most established protocols.

Detailed Proposal
Following the foundation laid by MIP-014’s strategy framework, this proposal seeks to expand Maple’s yield-bearing capabilities through integration with Aave V3. As one of DeFi’s most battle-tested lending protocols, Aave V3 offers institutional-grade infrastructure and competitive yields that align with Maple’s standards for security and performance.

The implementation consists of:

  1. Aave Strategy Implementation:
    • Development of MapleAaveStrategy for Aave V3 integration
    • Implementation of Aave-specific initializers and storage contracts
    • Integration with Aave’s lending markets and yield generation mechanisms
  2. Risk Parameters:
    • Implementation of asset-specific supply caps
    • Integration with Aave’s risk framework
    • Setup of emergency withdrawal mechanisms

Rationale
The integration of Aave V3 into Maple Strategies offers several key advantages:

  • Blue-Chip DeFi Integration: Aave V3 represents one of DeFi’s most established and secure protocols, with billions in TVL across multiple chains. This integration allows Maple to tap into institutional-grade infrastructure while maintaining our high security standards.
  • Market-Leading Yields: By deploying into Aave’s lending markets, Maple pools can always access base yields from DeFi at times when they are competitive with institutional loan rates. This ensures our pools can consistently offer competitive market-rate yields to Lenders while maintaining institutional-grade risk parameters.
  • Enhanced Liquidity Management: Aave’s robust markets and established liquidity patterns provide pools with reliable entry and exit capabilities, crucial for institutional capital deployment.
  • Proven Risk Framework: Aave’s battle-tested risk parameters and extensive security track record align perfectly with Maple’s institutional approach to risk management.

Implementation
Should MIP-015 pass, the following steps will be enacted:

  1. Contract Deployments:
    • Deployment of MapleAaveStrategy contract
    • Implementation of Aave-specific initializers
    • Deployment of supporting infrastructure
  2. Risk Setup:
    • Configuration of supply caps per supported asset
    • Implementation of withdrawal mechanisms
    • Setup of risk monitoring systems
  3. Market Integration:
    • Initial deployment to select Aave V3 markets
    • Phased expansion to additional markets based on risk assessment
    • Integration testing in production environment

Voting
MIP-015 can be voted upon by stSYRUP holders only, with the vote scheduled to go live on January 30th, 2025.

By implementing Aave V3 integration, Maple expands its yield generation capabilities while maintaining the robust security and governance standards that institutions require. This integration represents a significant milestone in Maple’s strategy framework, bringing blue-chip DeFi yields to our institutional user base.

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