Pendle rates now feed Aave's risk settings.
PT-AUSD-17DEC2026 is live as collateral on
@aave V3 on
@monad.
AUSD is a dollar stablecoin issued by Agora (
@withAUSD).
PT is the Principal Token from
@pendle_fi: you buy it at a discount and it redeems for the full AUSD at maturity, 17 Dec 2026.
That discount is the fixed yield.
Pendle's implied rate is the market's live price of that future yield.
Aave now reads that rate and adjusts the collateral settings automatically, within limits set by governance.
Pendle went from yield trading app to a rate feed Aave uses for risk.