KVORUM
aaveSource: Aave governance v3 · #513

Asset Listing - Pendle PT-AUSD Monad

executedAug 25, 2026, 11:25 PM UTCby2C0x2cc1…4df1

01Summary

AISummary by Kvorumclaude-haiku-4-5

List PT-AUSD-8OCT2026 (Pendle Principal Token for AUSD maturing October 8, 2026) on Aave V3 Monad as non-borrowable collateral usable exclusively in a new PT_Agora__Stablecoins eMode with 93% LTV and 95% liquidation threshold against stablecoin borrowing (USDT, USDC, GHO, USDe).

Type
protocol addition

Key changes

  • Add PT-AUSD-8OCT2026 as non-borrowable asset on Aave V3 Monad(high)
  • Create new eMode PT_Agora__Stablecoins allowing PT-AUSD collateral against USDT, USDC, GHO, and USDe borrowing with 93% LTV and 95% liquidation threshold(high)
  • Set supply cap at 20,000,000 PT-AUSD-8OCT2026(medium)
  • Configure linear discount oracle with initialDiscountRatePerYear of 6.661% and maxDiscountRatePerYear of 8.829%(medium)
  • Enable flashloan functionality for PT-AUSD-8OCT2026(low)
Contracts0x9FC74f8Ed616B5BaF52a170caa97d6d3898602d10x6f99CF00ee7290aE78a072Bb6910eF72D1129fE70x6D8f31268E94Bec0b0E07bc06b561b8B749F3127
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

415 words

Simple Summary

This AIP lists PT-AUSD-8OCT2026, the Pendle Principal Token for AUSD maturing on 8 October 2026, on the Aave V3 Monad instance as a non-borrowable asset, usable as collateral exclusively within a dedicated PT-AUSD/stablecoin eMode.

Motivation

AUSD is already a live reserve on Aave V3 Monad and Pendle operates a liquid PT-AUSD market on the network. Listing the PT enables fixed-yield AUSD positions as collateral against stablecoin debt, mirroring the treatment of Pendle PT stablecoin assets on other Aave instances.

The proposal was approved via ARFC and Snapshot (99.99% For), with final risk parameters provided by LlamaRisk, including the linear discount oracle rates: initialDiscountRatePerYear 6.661% and maxDiscountRatePerYear 8.829%. The PT is priced via the deployed linear discount oracle 0x6D8f31268E94Bec0b0E07bc06b561b8B749F3127 (PT Capped AUSD AUSD/USD linear discount 8OCT2026).

Specification

FieldValue
AssetPT-AUSD-8OCT2026
PT token0x9FC74f8Ed616B5BaF52a170caa97d6d3898602d1
Pendle market0x6f99CF00ee7290aE78a072Bb6910eF72D1129fE7
SY token0xBA3d60f5000f472aef947FB8020a3E6319F9a0B7
YT token0xEdDeE9C0B56248d70A9BFdD103f8bD97C35DfD89
Underlying (AUSD)0x00000000eFE302BEAA2b3e6e1b18d08D69a9012a
Maturity8 October 2026

New eMode (per LlamaRisk's final recommendation):

eModeCollateralBorrowableLTVLTLiq. BonusIsolated
PT_Agora__StablecoinsPT-AUSD-8OCT2026USDT0, USDC, GHO, USDe93%95%2.44%Yes

The table below illustrates the configured risk parameters for PT_AUSD_8OCT2026

ParameterPT-AUSD-8OCT2026
Isolation ModeNo
BorrowableNo
Collateral EnabledNo (E-Mode only)
Supply Cap20,000,000
Borrow Cap1
Debt CeilingN/A
LTV0%
Liquidation Threshold0%
Liquidation Bonus0%
Liquidation Protocol Fee10%
Reserve Factor20%
Base Variable Borrow Rate0%
Variable Rate Slope 110%
Variable Rate Slope 2300%
Optimal Utilization45%
FlashloanableYes
Oracle0x6D8f31268E94Bec0b0E07bc06b561b8B749F3127

Linear Discount Rate Oracle

ParameterValue
initialDiscountRatePerYear6.661%
maxDiscountRatePerYear8.829%
Oracle0x6D8f31268E94Bec0b0E07bc06b561b8B749F3127

References

Copyright

Copyright and related rights waived via CC0.

03Mismatch analysis

AIMismatch analysis by Kvorum

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04Actions

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05Tally

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Outcome (current)—
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06Voters

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07Forum

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