# Aave advances December PT-tUSDe onboarding to ARFC review

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

- URL: https://riadefi.com/on-chain/2025-08-18-aave-v3-ethereum-core-pt-tusde-dec2025-temp-check/
- Type: Governance
- Stage: Approved, not executed
- Evidence: confirmed
- Materiality: watch
- Event date: 2025-08-18
- Version: 1, published 2026-08-22 (first published 2026-08-22)
- Follow-up: 2025-09-01
- Advisor-relevant: no
- Affects: Aave v3 (protocol)

## 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.

## Sources

1. [[TEMP CHECK] Onboard tUSDe December expiry PT tokens on Aave V3 Core Instance](https://governance.aave.com/t/temp-check-onboard-tusde-december-expiry-pt-tokens-on-aave-v3-core-instance/22850) · Aave DAO · 2025-08-08


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