
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
More on this
DeFi · Oct 7Solana DvP settlement requires 100% upfront cash for every trade
Regulation · Oct 2US Bank Crypto Rules Have Shifted With Every President Since 2017, Law Would Be Better for Bitcoin
DeFi · Oct 13Solana's offline-signing proposal would keep approvals valid after failed transactions