[TEMP CHECK] Onboard USD1 to Aave V3 Core and BNB Instance

[TEMP CHECK] Onboard USD1 to Aave V3 Core and BNB Instance

Author: World Liberty Finance (WLFI)

Date: 2025-06-14

Summary

World Liberty Financial (WLFI) proposes the listing of USD1, a fiat-backed stablecoin issued by WLFI, on Aave V3 Core and BNB Instances.

This listing would initially enable users to deposit USD1 to earn yield and borrow USD1 as a stable asset.

Collateral usage will be considered at a later date following review by Aave’s Risk Management teams.

Motivation

USD1 is a next-generation stablecoin backed 1:1 by cash and short-term U.S. Treasuries,designed for maximum regulatory compliance, transparency, and on-chain verifiability.

As the fastest-growing stablecoin in history, USD1 has rapidly gained adoption across centralized and decentralized platforms, demonstrating strong market demand and growing utility.

Key differentiators:

1. Regulatory compliance: USD1 is structured to meet stringent U.S. financial regulations and disclosure standards.
2. Chainlink Proof of Reserves: USD1 will be the first stablecoin to implement Chainlink’s PoR natively, providing real-time transparency of backing assets.
3. Chainlink price feed: Live and available for use in Aave integrations.

Specification

Risk Parameters will be provided by Risk Service Providers and proposal will be updated accordingly.

USD1 Overview:

• Ticker: USD1
• Fiat backed stablecoin
• Issuer: World Liberty Financial (WLFI)
• Backing assets: USD cash and short-term U.S treasuries.
• Audits: PeckShield
• Price Oracle: Chainlink
• USD1 Listed on: Binance, ByBit, KuCoin, BitGet, MEXC, HTX.

Use Cases:

1. Deposits enabled for yield generation
2. Borrowing enabled as a low-volatility asset

Incentives:

WLFI plans to provide incentives to grow adoption and improve the competitiveness of borrowing rates for USD1 relative to other stablecoin assets on Aave.

Specific programs will be shared with Aave DAO contributors and the community in ARFC stage.

Disclosure

The current proposal has been powered by Skywards. ACI is not afiliated with WLFI and has not received compensation for the creation and edit of this proposal.

Next Steps

1. Publication of TEMP CHECK to gather community & service providers feedback, and escalate to TEMP CHECK Snapshot.
2. Publication of a standard ARFC, if TEMP CHECK Snapshot passed, to continue collecting community & service providers feedback before escalating proposal to ARFC snapshot stage.
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 via CC0