Aave weighs X Layer flash-loan waiver and Safety Module top-up

Both proposals landed August 28, 2026. Filed by @TokenLogic, they hit two separate pressure points: a fee exemption for one specific contract on X Layer, and a Safety Module allowance so close to empty that stakers face a materially under-covered reward allowance.

Aave Governance documents the ask as adding the X Layer Loop Tool contract to the Aave V3 X Layer FlashBorrowers whitelist — the mechanism that lets certain contracts pull flash liquidity without paying the standard fee. The tool is heading into OKX Wallet as a user-facing product, and @TokenLogic’s filing states the goal directly: “adding the X Layer Loop Tool contract to the Aave V3 X Layer FlashBorrowers whitelist, allowing it to access flash liquidity without incurring the Aave Flashloan Fee.” The proposal does not change existing reserve or risk parameters of the Aave V3 X Layer instance. The X Layer team has separately confirmed the whitelisted contract won’t be used by OKX’s or X Layer’s liquidation bots.

Eligible transactions would avoid Aave’s Flashloan Fee.

The second proposal addresses a materially under-covered reward allowance. TokenLogic’s Safety Module filing lays out the arithmetic bluntly: the existing stkAAVE allowance now covers only 8.4% of rewards already earned by stakers, with 100% – 8.4% = 91.6% sitting uncovered. The three largest unclaimed stkAAVE positions alone add up to 4,707.98 AAVE. The filing is clear on what happens when the remaining allowance runs out — “Once the allowance is exhausted, every claim reverts until governance tops it up.” Earned rewards, claimable in theory, become uncollectable in practice until governance tops it up.

The proposal asks governance to cover all accrued-but-unclaimed rewards plus 90 days of forward emissions at the current rate, which has stayed at 150 AAVE per day. That forward window alone requires 150 AAVE per day x 90 days = 13,500 AAVE.

Three sunset Safety Module tokens get handled in the same filing. stkABPT v1 is under-funded by 274.75 AAVE. The stkAAVEwstETHBPTv2 allowance gets cut to 2,500 AAVE, freeing roughly 14,400 AAVE — approximately $1.83 million at the $127 per AAVE figure used in the proposal. Across all adjustments combined, TokenLogic’s numbers show a net increase of about +52,000 AAVE in standing approval. The filing says the allowance transaction follows the same reset-to-zero-then-set-a-new-value pattern used in AIP 439.

All the allowance math is based on a Safety Module snapshot taken August 27, 2026. TokenLogic says quarterly reviews and direct AIPs will follow to keep coverage current.