DeFi· ★★★· neutral·

Aave's proposed USAT gateway would require approval for every return swap

  • —Each swap needs approval in both directions and can be revoked after the deposit-for-GHO exchange
  • —Reserve funding is 65M GHO, module draw limit 25M GHO, waUSAT exposure cap 20M
  • —GHO stays freely transferable, but recovering waUSAT depends on Aave withdrawal and Anchorage redemption
  • —Swap fees are set at zero; Anchorage charges 10 bps for USAT redemption
Why it matters: The design sets a precedent: institutional access to GHO liquidity can be revoked, changing how such gateways are risk-assessed.
Source: CryptoSlate