Aave executes the V3.5 Plasma market activation

What happened

Aave governance executed the initial Plasma V3.5 market activation and configured USDT0, USDe, sUSDe, XAUt0, weETH, and WETH reserves with bootstrap controls and caps.

What changed

A new Aave deployment became operative on Plasma, expanding the protocol's chain, collateral, oracle, guardian, and cross-chain governance perimeter.

What did not change

XPL was not included in the initial activation, and the launch did not make the Plasma market or its assets approved for Ketju clients.

Confirmed

• Aave governance proposal 379 executed on September 22, 2025.
• The execution sent payload 1 to Plasma chain 9745.
• The activation included USDT0, USDe, sUSDe, XAUt0, weETH, and WETH.
• The proposal assigned bootstrap administrative roles and authorized later increases to pre-approved cap ceilings.

Still open

• The timing and amount of any later guardian cap increases required separate on-chain verification.
• Production oracle, bridge, liquidity, liquidation, and withdrawal performance remained untested at launch.
• XPL onboarding remained separate and pending.

What it means for an advisor

• Open a distinct Plasma deployment review rather than extending approval from another Aave chain.
• Reconcile every reserve, oracle, cap, guardian, bridge, and payload-controller dependency before considering access.
• Monitor whether bootstrap authorities increased caps and whether those changes stayed within the approved ceilings.