Aave is approaching a $67 million collateral rollover as one of its fastest-growing fixed-yield trades reaches maturity.
About 67.4 million PT-$AUSD-8OCT2026 tokens were supplied as collateral on Aave V3’s Monad market as of Oct. 2, according to risk adviser LlamaRisk. The Pendle principal tokens mature Oct. 8, when each becomes redeemable for one $AUSD and its fixed-yield appreciation ends.
A replacement is already being prepared. Pendle deployed a Dec. 17 $AUSD principal-token market last month, and TokenLogic has proposed listing it on Aave so borrowers can move into the next maturity without giving up the collateral utility that helped the October market expand.
