Aave approves eUSDe and two dated PT collaterals for Ethereum Core
The Ledger · · Ketju Research
Affects: Aave v3 (protocol)
What happened
Aave governance approved a payload covering eUSDe, PT-USDe-31JUL2025, and PT-eUSDe-14AUG2025 collateral configurations.
What changed
The earlier eUSDe ARFC approval advanced to on-chain authorization and expanded to two dated principal-token collaterals using capped, maturity-aware oracles and E-modes.
What did not change
Execution and final reserve state were not established within May, and none of the assets became Ketju-approved.
Confirmed
- eUSDe used a 550 million supply cap and 90%/93% stablecoin E-mode parameters.
- PT-USDe-31JUL2025 used a 40 million supply cap.
- PT-eUSDe-14AUG2025 was included in the payload.
Still open
- Execution and final reserve, oracle, and E-mode state.
- Ethereal withdrawal, owner, backing, and concentration risks.
- PT liquidity, maturity handling, oracle behavior, and stressed liquidations.
What it means for an advisor
- Supersede the April ARFC-stage entry with an approved-but-unverified execution posture.
- Review eUSDe and both PT assets as separate dependencies.
Previous interpretation
The April record described eUSDe as approved only at the ARFC stage, with no on-chain authorization or dated-PT payload established.
Sources
- Onboard eUSDe and eUSDe-based PT tokens to Aave V3 Core · Aave Governance · · effective
Version 2, published . First published ; every earlier version stays in the JSON ledger. We check this event again on . Educational research, not investment advice.