Aave’s Proposed USDG Collateral Rollover Carries 2.79% Implied Yield Against Higher Borrowing Rates

Aave is considering a rollover for collateral nearing maturity on its X Layer market, but the proposed February Pendle token carried a 2.79% implied yield below most stablecoin borrowing rates in an Oct. 7 snapshot. The proposed replacement, PT-USDG-25FEB2027, would take the place of PT-USDG-29OCT2026 as the October token approaches its Oct. 29, 2026 maturity. The February token matures Feb. 25, 2027 and would have a proposed supply cap of 35 million PT. Borrowing rates on Aave V3 X Layer in the same snapshot were 4.48% for USDT0, 4.10% for USDC and 3.67% for USDG.

Source: TokenPost