Hey @myriad , the PT-sUSDe Stablecoin E-mode currently reflects lower LTV/LT parameters compared to its underlying counterpart, as illustrated below. Conversely, the PT-sUSDe/USDe E-mode features higher LTV/LT parameters than the underlying sUSDe Stablecoin E-mode, as both assets share the same underlying exposure, meaning any deviation in USDe equally affects the PT, which remains anchored to USDe. This more aggressive parameterization is justified by a mathematical constraint designed to ensure that bad debt accumulation due to PT price movements is mathematically impossible. For additional details, please refer to the provided documentation here.
