As Michigan Blockchain, we support the proposal to hardcode the USDe price to match USDT’s price in Aave’s pricing feeds. We believe this is a necessary step to reduce liquidation risks caused by short-term fluctuations in USDe’s market price. It makes sense to anchor USDe price to USDT since USDe redemptions are primarily conducted in USDT (84%). USDe is backed by a $60M insurance fund, which stabilizes the redemption process. This proposal ensures that Aave’s pricing feed reflects real-world mechanisms of USDe without introducing any unnecessary risk. Ultimately, Aave will strengthen its risk management while keeping the protocol safe and efficient. To conclude, we support this step as it enhances stability, protects Aave users, and ensures Aave continues to operate securely in the evolving DeFi landscape.
-Kerem Dillice and nsks