On July 16, the Pendle sUSDe PT Token set to expire on September 25 was officially listed on AAVE, rapidly approaching a full subscription with more than 98% of the $200 million quota already allocated. This swift uptake underscores the token’s growing prominence within the decentralized finance ecosystem. Pendle PT (Principal Token) has solidified its role as a critical collateral asset in DeFi markets, boasting a market capitalization exceeding $2.67 billion. Notably, Aave alone currently holds over $2 billion worth of Pendle PT as collateral, reflecting strong institutional confidence and integration within leading lending protocols.