# Aave advances fxSAVE collateral to ARFC review

> fxSAVE entered formal risk review as a potential collateral asset carrying f(x) Protocol strategy, smart-contract, liquidity, leverage, and underlying stETH dependencies.

- URL: https://riadefi.com/on-chain/2025-07-18-aave-v3-ethereum-core-fxsave-temp-check-approval/
- Type: Governance
- Stage: Approved, not executed
- Evidence: confirmed
- Materiality: watch
- Event date: 2025-07-18
- Version: 1, published 2026-08-22 (first published 2026-08-22)
- Follow-up: 2025-08-01
- Advisor-relevant: no
- Affects: Aave v3 (protocol)

## What happened

Aave DAO voters approved the fxSAVE temperature check, advancing the proposed Ethereum Core collateral listing to ARFC analysis.

## What changed

fxSAVE entered formal risk review as a potential collateral asset carrying f(x) Protocol strategy, smart-contract, liquidity, leverage, and underlying stETH dependencies.

## What did not change

No collateral parameters, oracle, ARFC approval, AIP, execution, or live reserve was established by the temperature check.

## Confirmed

- The Snapshot closed on July 18, 2025 with approximately 811,728 voting YAE and negligible opposition.
- The target market is Aave v3 Ethereum Core.
- The proposal identifies fxSAVE as a yield-bearing f(x) Protocol token.
- The proposal defers risk parameters to later service-provider analysis.
- The stated next governance stage is an ARFC.

## Still open

- Asset contract and complete dependency mapping.
- Collateral, liquidation, cap, E-mode, and oracle parameters.
- Upgrade, pause, redemption, liquidity, and strategy-loss controls.
- ARFC, AIP, and execution outcomes.

## What it means for an advisor

- Require a full fxSAVE and f(x) dependency review before any Aave memo expansion.
- Monitor later parameters and execution without treating temperature-check approval as a live or suitable collateral listing.

## Sources

1. [[TEMP CHECK] Onboard fxSAVE to Aave V3 Core Instance](https://snapshot.org/#/aavedao.eth/proposal/0xf2f789b1bf66899c3e2142a93d3d6e46ebb2ce1e00a9b119ab8356c6fc55153c) · Aave DAO Snapshot · 2025-07-14


---

Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.