# \[Direct to AIP\] Onboard PT-USDe-22OCT2026 to Aave V3 Monad **URL:** \ **Category:** Governance\ **Created:** [August 1, 2026, 7:38pm UTC](https://governance.aave.com/t/direct-to-aip-onboard-pt-usde-22oct2026-to-aave-v3-monad/25414 "2026-08-01T19:38:33Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![TokenLogic](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/tokenlogic/32/8248_2.png) [@TokenLogic](https://governance.aave.com/u/TokenLogic)\ **Post date:** [August 1, 2026, 7:38pm UTC](https://governance.aave.com/t/direct-to-aip-onboard-pt-usde-22oct2026-to-aave-v3-monad/25414/1 "2026-08-01T19:38:33Z")
* * * title: [Direct to AIP] Onboard PT-USDe-22OCT2026 to Aave V3 Monad author: @TokenLogic created: 2026-07-31 * * * # Summary This proposal seeks to onboard PT-USDe-22OCT2026 as collateral on the Aave V3 Monad Instance via the Direct to AIP process. # Motivation ### Overview PTs have become one of the most productive collateral categories across Aave V3 deployments. PT-sUSDe and PT-USDe listings on the Core and Plasma instances have consistently generated deep stablecoin borrow demand from users deploying leveraged fixed-yield strategies. Pendle has deployed on Monad with a USDe market maturing 22 October 2026. This listing supports utilization of the stablecoin reserves on Monad and complements the ongoing incentive program on the instance. # Specification Asset details for the Pendle USDe market on Monad: | Attribute | Details | | --- | --- | | Asset | PT-USDe-22OCT2026 | | Network | Monad | | Maturity | 22 October 2026, 00:00 UTC | | PT Address | 0x8382329da318db59c4e33706faac0a883740daea | | Underlying Asset (USDe) | 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34 | | SY Address | 0x5fdbc1502e1a3742110730272c61a208758317bc | | YT Address | 0xee0b5281dd0b0eacde23cc9029c8b442cafde67c | | Pendle Market (LP) Address | 0x5389a23f8674f55bde2c6f95df2d2090eb84db6f | Risk parameters, including the PT linear discount rate oracle configuration and a dedicated E-Mode category pairing PT-USDe-22OCT2026 collateral with stablecoin borrowing, will be provided by Risk Service Providers and incorporated into the AIP. Useful links: - Pendle market: [Pendle V2](https://app.pendle.finance/trade/pools/0x5389a23f8674f55bde2c6f95df2d2090eb84db6f/zap/in?chain=monad) # Disclaimer TokenLogic is an active service provider to the Aave DAO, the beneficiary of stream 100086 and the KPI as outlined in this [publication](https://governance.aave.com/t/arfc-service-provider-compensation-reform-for-v4-alignment/23246). The scope of this engagement is available via this forum [proposal](https://governance.aave.com/t/arfc-tokenlogic-phase-ii/23223). TokenLogic supports and maintains an independent [delegate voting platform](https://governance.aave.com/t/tokenlogic-delegate-platform/12516) within the Aave community. TokenLogic and associated entities have no undisclosed material conflicts of interest at the time of submission. # Next Steps 1. Gather Asset Risk Assessments and risk parameter recommendations from Risk Service Providers. 2. Publish an AIP vote for final confirmation and on-chain execution. 3. If the AIP outcome is YAE, PT-USDe-22OCT2026 is onboarded to the Aave V3 Monad Instance. # Copyright Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). ---
**Author:** ![SrAugust](https://avatars.discourse-cdn.com/v4/letter/s/d26b3c/32.png) [@SrAugust](https://governance.aave.com/u/SrAugust)\ **Post date:** [August 5, 2026, 10:39am UTC](https://governance.aave.com/t/direct-to-aip-onboard-pt-usde-22oct2026-to-aave-v3-monad/25414/2 "2026-08-05T10:39:38Z")
58k. That is the total liquidity in the PT-USDe-22OCT2026 Pendle pool on Monad as of today (market 0x5389…db6f), with 12.6k PT outstanding and zero trading volume in the last session. The sUSDe market with the same maturity holds 13.0M. Two questions before parameters land. What supply cap makes sense against a pool a liquidator cannot exit through, and is the expected demand here migration from PT-sUSDe or fresh inflow? PTs have been productive collateral on Aave, agreed, but a listing that outruns its exit liquidity leaves the discount oracle as the only line of defence. ---
**Author:** ![SrAugust](https://avatars.discourse-cdn.com/v4/letter/s/d26b3c/32.png) [@SrAugust](https://governance.aave.com/u/SrAugust)\ **Post date:** [September 4, 2026, 7:27am UTC](https://governance.aave.com/t/direct-to-aip-onboard-pt-usde-22oct2026-to-aave-v3-monad/25414/3 "2026-09-04T07:27:28Z")
A follow up, 30 days on. The PT-USDe-22OCT2026 market this proposal would onboard no longer appears on Pendle’s market API for Monad at all, active or inactive. The sUSDe market with the same maturity, which held 13.0M when I asked the question above, holds 24.4M today. If this AIP is still moving forward, which market is the discount oracle meant to price? Anyone can reproduce both reads at api-v2.pendle.finance, chain 143. ---
**Author:** ![system](https://europe1.discourse-cdn.com/flex013/uploads/aave/original/2X/e/e11637c36f45ffa158f2146f5c19438d46e0824d.svg) [@system](https://governance.aave.com/u/system)\ **Post date:** [October 4, 2026, 7:27am UTC](https://governance.aave.com/t/direct-to-aip-onboard-pt-usde-22oct2026-to-aave-v3-monad/25414/4 "2026-10-04T07:27:58Z")
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