[TEMP CHECK] Onboard openUSDT to Aave V3 BOB Instance
Date: 2025-06-23
Author: ACI
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: Audit | OpenUSDT
- 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
- Publication of this TEMP CHECK and escalation to TEMP CHECK Snapshot.
- If 1 pass, publish an ARFC to continue gathering community and Service Providers feedback and escalate to ARFC Snapshot.
- 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.