TokenLogic proposes a 90% LTV USDe E-Mode on Aave X Layer

What happened

TokenLogic proposed listing USDe on Aave X Layer with a high-LTV collateral E-Mode.

What changed

The proposal would use bridged USDe as collateral above the 80% LTV level at which the memo calls for a Ketju review.

What did not change

The proposal has not been approved or executed.

Confirmed

• TokenLogic names USDe's LayerZero deployment and proposes a 90% E-Mode LTV.
• The final settings need a risk review and an AIP vote.

Still open

• We do not know whether Aave will adopt the later recommendation of 91%.
• We do not know the final liquidity, bridge controls, oracle settings or executed parameters.

What it means for an advisor

• Ketju will review the proposed exception against the collateral rules it set after the rsETH incident before the v3 memo covers this market.