For the past year, there has been $2-3 billion of USDe and sUSDe in @pendle_fi
Now that Ethena PTs are collateral on @Aave, we can unlock those billions further
The prevailing sUSDe PT has had a 119% avg. relative spread to USDT borrow APY on Aave over the past 6 months
Starting today users will be able to supply eUSDe May Pendle PTs to @aave, with sUSDe July PT live shortly
Both PTs represent some of the highest fixed rate opportunities in DeFi, also with the deepest liquidity
This is the first time billions in PT collateral have access to Aave
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