PT-USDG enabled as collateral on Aave V3, offering up to 6.8% APY through integration with Pendle's fixed-yield markets.
DeFi & Yields ·
PT-USDG has been enabled as collateral on Aave V3, creating a bridge between Pendle's fixed-yield markets and lending on X Layer. The integration offers up to 6.8% APY during a limited promotional window. Users can deposit USDG into Pendle to mint PT-USDG, then supply it to Aave to participate in reward campaigns; only PT-USDG supplied to Aave qualifies for rewards, while unminted or unsupplied tokens do not.
The campaign runs from September 1 through September 9, 2026 (UTC+8), with 80,000 USDG available to distribute among participants. As of the announcement, PT-USDG-29OCT2026 on Aave V3 held $12.1M in total value locked at 3.5% APY, while the corresponding Pendle position showed $13.02M TVL at 3.3% APR.
It remains unclear whether the 6.8% APY represents a blended yield from both platforms, a promotional bonus, or a peak rate available under specific conditions during the campaign period. The mechanics of how rewards are calculated and distributed across the two protocols have not been detailed.