# Aave opens final governance for November PT-sUSDe collateral

> 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.

- URL: https://riadefi.com/on-chain/2025-08-30-aave-v3-ethereum-core-pt-susde-27nov2025-onboarding/
- Type: Governance
- Stage: Proposed
- Evidence: confirmed
- Materiality: watch
- Event date: 2025-08-30
- Version: 1, published 2026-08-22 (first published 2026-08-22)
- Follow-up: 2025-09-05
- Advisor-relevant: no
- Affects: Aave v3 (protocol)

## 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.

## Sources

1. [[Direct to AIP] Onboard sUSDe November expiry PT tokens on Aave V3 Core Instance](https://governance.aave.com/t/direct-to-aip-onboard-susde-november-expiry-pt-tokens-on-aave-v3-core-instance/22894) · Aave DAO · 2025-08-12
2. [Proposal 365](https://app.aave.com/governance/v3/proposal/?proposalId=365) · Aave Governance · 2025-08-30


---

Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.