Aave DAO considered onboarding USSD to the Aave v3 Sonic instance

What happened

An official Aave DAO temperature check proposed adding USSD as a supplied and borrowable stablecoin in the Aave v3 Sonic instance.

What changed

The proposal placed USSD and its reserve, minting, redemption, custody, and interoperability dependencies into Aave governance review. It did not yet change live Aave parameters.

What did not change

No ARFC, AIP, execution, live reserve, collateral status, caps, LTV, liquidation threshold, or oracle configuration was established by this temperature check.

Confirmed

• The proposal targeted the Aave v3 Sonic instance.
• It proposed enabling users to supply USSD and use it as a borrowing asset.
• The proposal described USSD as relying on tokenized Treasury reserves, institutional custodians, and cross-chain minting infrastructure.
• Risk parameters were deferred to later service-provider review and an ARFC.

Still open

• The temperature-check vote outcome and any subsequent ARFC or AIP were not established by the candidate record.
• Final reserve parameters, oracle design, caps, collateral eligibility, and liquidation settings were unspecified.
• The reserve, redemption, custody, and interoperability claims had not been independently underwritten for Ketju.
• No live execution was confirmed.

What it means for an advisor

• Monitor the proposal through ARFC and on-chain execution before treating USSD as part of any approved Aave v3 market.
• If the listing advances, review the Sonic instance and USSD as a distinct exposure with issuer, reserve, custodian, bridge, oracle, and redemption dependencies.
• Do not infer approval from the Aave v3 protocol-level verdict.