RP & ERC4626 Review - waCoreUSDT on Mainnet

[tiago-hansen]

Additional Contract Information

• Is the rate provider reporting for a stable coin/FX/Yield tracking?
• Is the rate provider reporting a market rate?
• Is a combined rate provider needed (i.e. wstETH in aave)?
• Does this rate provider pertain to an ERC4626 contract?
• If so, is the intention for this ERC4626 asset to be boosted?
• If so, is the Buffer already initialized
• If so, shall the underlying asset be used to add/remove liquidity in a pool if possible? (i.e. add USDC for waUSDC)
• If so, shall the wrapped asset also be used to add/remove liquidity in a pool? (i.e. add waUSDC directly)

Network

mainnet

Rate provider contract address

0x03905d9877f5aF95B520AcB33a2733BAF26D87dd

Asset contract address

0x5eC44a70F309854fe04d495cFE1B5dA63DD1cc73

audits

https://aave.com/security

Protocol Documentation

The rate provider reports the rate of waCoreUSDT in terms of its underlying USDT, sourced from the token's ERC4626 convertToAssets() exchange rate.

ERC4626 Asset contract address

0x5eC44a70F309854fe04d495cFE1B5dA63DD1cc73

ERC4626 Asset contract audits

https://aave.com/security

ERC4626 Asset contract documentation

waCoreUSDT is the ERC4626 Tokenization Spoke for Aave V4's Core Spoke. Depositing USDT supplies it into the Aave V4 Liquidity Hub through the Core Spoke; the non-rebasing wrapped token accrues lending yield, so its USDT exchange rate increases over time. It is fully ERC4626 compliant. Available at https://pro.aave.com/.

Link to passing fork tests

balancer/balancer-v3-erc4626-tests#144

Terms and Conditions

• The protocol to be integrated has been audited by at least one security firm or independent researcher.
• If deployed, the contract & all involved downstream contracts are verified on etherscan.
• The contract does not rely upon an EOA to supply any critical data (e.g., price).
• If upgradeable, the contract's administrator is not an EOA.