Aave advances December PT-tUSDe onboarding to ARFC review

What happened

Aave's TEMP CHECK approved advancing a December-expiry PT-tUSDe collateral proposal to the ARFC stage.

What changed

The concept moved from initial discussion to formal risk and parameter review.

What did not change

No PT contract, risk parameters, oracle, cap, or live collateral reserve was approved or deployed at the TEMP CHECK stage.

Confirmed

• The TEMP CHECK passed on August 18, 2025, with quorum and YAE as the winning option.
• The proposal targets a December-expiry tUSDe principal token on Aave v3 Ethereum Core.
• The official post said the next step was an ARFC.
• At the TEMP CHECK stage, the contract address and risk parameters were not final.

Still open

• The underlying tUSDe and Terminal dependencies required service-provider analysis.
• Final contract address, maturity date, liquidity, oracle, caps, e-mode parameters, and execution remained unresolved.

What it means for an advisor

• Monitor the ARFC but do not treat PT-tUSDe as an available or approved Aave collateral.
• Require full look-through to tUSDe, Terminal, Midas, Ethena, Pendle, redemption, pause, and oracle dependencies.
• Assess maturity and exit liquidity before any future memo inclusion.