[Direct-to-AIP] PT-USDG X Layer

TokenLogic has published a Direct-to-AIP proposal to onboard PT-USDG-29OCT2026, the Pendle Principal Token for USDG maturing 29 October 2026, as collateral on Aave V3's X Layer instance, where USDG is already a live reserve. X Layer has allocated roughly $500K in first-month incentives, of which $150K is earmarked for PT-USDG supplied on Aave, with an expected incentivized APY of approximately 5%. Pricing would use the dynamic linear discount rate oracle framework already used for Pendle PT assets, with final risk parameters to be supplied by LlamaRisk before escalation to AIP voting.