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On-chain events · Governance

Aave Labs proposes listing USAT on Ethereum v3 and v4

On-chain events · · Ketju Research

ProposedConfirmed evidence

Affects: Aave v3 (protocol) · Aave v4 (protocol)

What happened

Aave Labs filed an ARFC to list USAT on Aave's Ethereum v3 and v4 markets.

What changed

USAT is now a proposed reserve on both Ethereum markets.

What did not change

Aave has not approved or executed the listing.

Confirmed

  • The proposal names the token at 0x07041776f5007ACa2A54844F50503a18A72A8b68.
  • The next steps require an off-chain confirmation and an AIP.

Still open

  • Aave has not set final caps, pricing or permissions, and has not approved or executed the listing.
  • Researchers have described the issuer's controls, the reserves and how holders can sell or redeem, but nobody has checked these against primary sources.

What it means for an advisor

  • Add USAT to Ketju's daily checks on Aave v3, and do not extend any approval to it until Ketju has reviewed the asset itself.
  • Keep Aave v4 unapproved until the conditions in its memo for a new review are met.

Sources

  1. [ARFC] Onboard USAT to Aave V3 Core Instance and Aave V4 Core Hub on Ethereum · Aave governance; Aave Labs ·

Version 2, published . First published ; every earlier version stays in the JSON file. We check this event again on . Educational research. Not investment advice.