DeFi Intel

Risk Stewards: PT Parameter Changes on Aave V3 / 2026.07.23

Summary LlamaRisk recommends the following PT parameter changes based on the latest run of the PT parameter methodology. This round covers the two PT reserves maturing October 22, 2026 on the Aave V3 Ethereum Core and Plasma instances. The E-Mode updates step LTV and LT up as the residual price risk compresses, with the LB held at its current level across all four categories. No discount rate changes are proposed this round, as the reductions executed in the previous round keep both Aave oracles tracking closely below the prevailing Pendle AMM level. Aave V3 Ethereum Core: Update PT-srUSDe-22O

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