Aave proposes USDe collateral and borrowing support on X Layer

What happened

An Aave Direct-to-AIP proposal seeks to onboard USDe to the Aave v3 X Layer instance as collateral and a borrowable asset and to add it to five E-Mode configurations.

What changed

A concrete listing and risk-parameter package entered governance review; no on-chain configuration change is yet evidenced.

What did not change

USDe has not been shown to be approved or activated on the X Layer market. Final risk parameters, oracle contracts, adapter deployment, and technical review remain unsettled.

Confirmed

• The proposed USDe address is 0x5d3a1Ff2b6BAb83b63cd9AD0787074081a52ef34.
• The initial proposal specifies a 100 million supply cap, 50 million borrow cap, 70% LTV, and 73% liquidation threshold.
• The proposal would use a Chainlink USDT/USD reference feed with a Stable Price Cap Adapter and 4% upper deviation cap.
• The proposal says final parameters and oracle configuration remain subject to service-provider review.

Still open

• Whether the AIP will be submitted, approved, and executed.
• Final risk-service-provider recommendations and deployed oracle adapter address.
• X Layer-specific liquidation capacity and bridge-risk assessment.

What it means for an advisor

• Monitor the AIP and execution record before treating USDe on X Layer as available or reviewed.
• Do not extend the existing Aave v3 memo's narrow approved scope to this proposed market.

Previous interpretation

The reviewed Aave v3 sleeve is narrowly scoped and does not include the proposed X Layer USDe market.