[TEMP CHECK] Add XAUt to Aave V3 Core Instance

[TEMP CHECK] Add XAUt to Aave V3 Core Instance

Author: ACI

Date: 2025-05-28

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Summary

The proposal aims to onboard Tether’s XAUt gold-denominated stablecoin, to the Aave v3 protocol Main Instance on Ethereum.

Motivation

XAUt is a gold backed digital currency offered by Tether.

XAUt represents a unique opportunity to bring gold-backed assets into DeFi lending markets. Adding XAUt to Aave v3 would:

1. Diversify the protocol's offerings with a historically stable store of value
2. Enable users to use gold-backed tokens as collateral or for lending, creating new DeFi use cases
3. Allow users a hedge against market volatility through exposure to physical gold
4. Attract traditional finance users who are familiar with gold as an asset class

The addition of XAUt aligns with Aave's goal of expanding DeFi accessibility while maintaining strong risk management practices through the use of established, well-backed assets.

Specification

Ticker: XAUt

Contract address:

Risk Parameters will be provided by Risk Services Providers at the earliest possible and ARFC will be updated with that feedback.

Disclosure

ACI (Aave Chan Initiative) is not afiliated with Tether and has not received compensation for creating this proposal.

Next Steps

1. If consensus is reached on this [TEMP CHECK], escalate this proposal to the Snapshot stage.
2. If the Snapshot outcome is YAE, this proposal will be escalated to ARFC stage.
3. Publication of a standard ARFC, collect community & service providers feedback before escalating proposal to ARFC snapshot stage.
4. If the ARFC snapshot outcome is YAE, publish an AIP vote for final confirmation and enforcement of the proposal.

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