[TEMP CHECK] Onboard openUSDT to Aave V3 BOB Instance

[TEMP CHECK] Onboard openUSDT to Aave V3 BOB Instance

Date: 2025-06-23

Author: ACI

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Summary

This proposal seeks to onboard openUSDT to the Aave V3 BOB Instance, once it's live, if [ARFC] Deploy Aave v3 on BOB eventually pass and is live.

Motivation

OpenUSDT (oUSDT) is a new interoperable bridged USDT standard purpose-built for cross-chain DeFi. It is fully backed 1:1 with native USDT and enables efficient inflows of stablecoin liquidity into the BOB ecosystem.

Benefits to onboarding openUSDT

• Enhanced Capital Efficiency: Onboarding oUSDT deepens stablecoin liquidity, increasing efficiency for lending, and borrowing strategies.
• Improved User Experience: AAVE users on BOB gain access to a trusted, liquid stablecoin for collateral or loan positions, with familiar risk properties (1:1 backed by USDT).
• Stimulates Borrow Demand: Listing oUSDT increases the supply of a reliable borrowing asset, enabling more diverse and stable borrowing markets.

Specification

Risk Parameters will be provided at ARFC stage by Risk Service Providers.

Asset Overview

• Token Name: OpenUSDT
• Token Symbol: oUSDT
• Contract Address on BOB: 0x1217BfE6c773EEC6cc4A38b5Dc45B92292B6E189
• Chainlink Oracle: Address will be provided upon launch of Chainlink Data Feeds on BOB.

Useful links

• Audits: https://docs.openusdt.xyz/audit
• Official Website: https://www.openusdt.xyz/
• Documentation: https://docs.openusdt.xyz/

Disclaimer

ACI (Aave Chan Initiative) is not directly affiliated with BOB Foundation and did not receive compensation related to this proposal.

Next Steps

1. Publication of this TEMP CHECK and escalation to TEMP CHECK Snapshot.
2. If 1 pass, publish an ARFC to continue gathering community and Service Providers feedback and escalate to ARFC Snapshot.
3. If the ARFC snapshot outcome is YAE, publish an AIP vote for final confirmation and enforcement of the proposal.

Copyright

Copyright and related rights waived under CC0.