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

> 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.

- URL: https://riadefi.com/on-chain/2026-08-09-aave-v3-pt-ausd-monad-arfc/
- Type: Governance
- Stage: Proposed
- Evidence: confirmed
- Materiality: watch
- Event date: 2026-08-09
- Version: 1, published 2026-08-22 (first published 2026-08-22)
- Follow-up: 2026-08-21
- Advisor-relevant: no
- Affects: Aave v3 (protocol)

## 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.

## Sources

1. [[ARFC] Onboard PT-AUSD-8OCT2026 to Aave V3 Monad Instance](https://snapshot.org/#/aavedao.eth/proposal/0x1d5029f1b99b62843590e28d027a1a5aa21f4fe19f175284197c58779db14027) · Aave DAO Snapshot · 2026-08-05


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