
PT-AUSD (Oct 2026) is live on Aave and available on Pendle's one-click PT Looping with incentives attached. Pendle has since doubled the supply cap for PT-AUSD on Aave to $80M to accommodate demand. It is part of Pendle's rolling PT Looping expansion across Aave, Morpho and Euler, which has added loops for PT-USD3, PT-sUSDS, PT-USDat, PT-strUSD, PT-USDai, PT-sUSDD, PT-USDG and PT-reUSD alongside the Aave V4 support.
The program's incentive overlay adds an extra +2% APY on top of the PT fixed rate (up to +20% at a 10x loop), with advertised yields on the new loops reaching as high as ~48% APY. The additions fold several stablecoin and RWA yield strategies, previously manual and time-consuming, into single-click buy-lend-borrow-repeat flows.
Pendle
Pendle Earn enables you to obtain fixed yield or provide liquidity in a simple interface. Pendle Earn and Trade runs on the same set of contracts with a separate user interface to cater to different audiences.