Aave opens final governance for November PT-sUSDe collateral

What happened

Aave advanced PT-sUSDe-27NOV2025 to an on-chain governance proposal for the Ethereum Core instance.

What changed

If executed, the proposal would add the dated PT as collateral with a 75 million supply cap, stablecoin and USDe e-modes, and LTV, liquidation-threshold, and bonus values managed by a risk oracle.

What did not change

The proposal record alone does not establish execution. Existing collateral parameters were not shown to have changed on August 30.

Confirmed

• The official forum identifies PT-sUSDe-27NOV2025 as the proposed collateral asset.
• The proposed non-e-mode LTV and liquidation threshold are 0.05% and 0.1%.
• The proposal defines stablecoin and USDe e-modes whose collateral parameters are subject to the Edge Risk Oracle.
• The candidate links the proposal to Aave Governance proposal 365.

Still open

• Final vote outcome and execution timing were not established from an operative receipt reviewed for this candidate.
• Actual post-execution caps, oracle state, and e-mode membership require on-chain confirmation.

What it means for an advisor

• Monitor whether the dated PT becomes live collateral and verify the final oracle constraints before treating the market as available.
• Review the Aave memo's exposure to Ethena, Pendle maturity rollover, and automated collateral-parameter authority.
• Do not infer approval of PT-sUSDe exposure from the existence of the governance proposal.