RP & ERC4626 Review - waCoreUSDC on Avalanche

[tiago-hansen]

Additional Contract Information

• Is the rate provider reporting for a stable coin/FX/Yield tracking?
• Is the rate provider reporting a market rate?
• Is a combined rate provider needed (i.e. wstETH in aave)?
• Does this rate provider pertain to an ERC4626 contract?
• If so, is the intention for this ERC4626 asset to be boosted?
• If so, is the Buffer already initialized
• If so, shall the underlying asset be used to add/remove liquidity in a pool if possible? (i.e. add USDC for waUSDC)
• If so, shall the wrapped asset also be used to add/remove liquidity in a pool? (i.e. add waUSDC directly)

Network

avalanche

Rate provider contract address

0x6c7011f695c3BBAB9492E7e71A8aEa2A44211750

Asset contract address

0x01D7f7B7CE2123192fECC20bd1caF3e4d9e4C10D

audits

https://aave.com/security

Protocol Documentation

The rate provider reports the rate of waCoreUSDC in terms of its underlying USDC, sourced from the token's ERC4626 convertToAssets() exchange rate.

ERC4626 Asset contract address

0x01D7f7B7CE2123192fECC20bd1caF3e4d9e4C10D

ERC4626 Asset contract audits

https://aave.com/security

ERC4626 Asset contract documentation

waCoreUSDC is the ERC4626 Tokenization Spoke for Aave V4's Core Spoke. Depositing USDC supplies it into the Aave V4 Liquidity Hub through the Core Spoke; the non-rebasing wrapped token accrues lending yield, so its USDC exchange rate increases over time. It is fully ERC4626 compliant. Available at https://pro.aave.com/.

Link to passing fork tests

balancer/balancer-v3-erc4626-tests#145

Terms and Conditions

• The protocol to be integrated has been audited by at least one security firm or independent researcher.
• If deployed, the contract & all involved downstream contracts are verified on etherscan.
• The contract does not rely upon an EOA to supply any critical data (e.g., price).
• If upgradeable, the contract's administrator is not an EOA.