Aave ARFC advances PT-AUSD collateral proposal for the Monad V3 instance

What happened

An Aave DAO ARFC vote passed for proposed onboarding of PT-AUSD-8OCT2026 to the Aave V3 Monad instance, with specified token addresses, a capped linear-discount oracle, and a proposed high-LTV e-mode configuration.

What changed

The proposal cleared the Snapshot signaling stage and can advance to an executable AIP. The proposal would introduce a short-dated, multi-component Pendle principal token as collateral in a dedicated Agora-stablecoin e-mode category.

What did not change

The Snapshot result did not list the asset on-chain or activate the proposed 93% maximum LTV and 95% liquidation threshold. The asset is not part of Ketju's approved Ethereum Aave exposure.

Confirmed

• The final vote recorded 392,114.33 votes for, zero against, and 10.67 abstaining.
• The proposed asset is PT-AUSD-8OCT2026 on Monad, maturing October 8, 2026.
• The proposed oracle applies a linear discount to a capped AUSD reference and decays toward par at maturity.
• The proposal specifies a 20 million unit supply cap and no ordinary borrowing.
• The proposed e-mode parameters include 93% maximum LTV and a 95% liquidation threshold.

Still open

• No executable AIP or completed on-chain listing was established.
• Final implementation timing and any changed risk parameters remain unresolved.
• The proposal's fixed-one-dollar AUSD reference, Pendle-market exit liquidity, and maturity handling require separate diligence.

What it means for an advisor

• Monitor for an AIP but do not treat PT-AUSD as approved or live based on the Snapshot vote.
• If executed, review the multi-wrap collateral structure, the capped AUSD oracle assumption, e-mode leverage, maturity transition, and proposed-size exit liquidity.
• Keep the Monad proposal outside the existing Ethereum-only Aave watchlist exposure unless a separate perimeter decision is completed.