Aave's USDG rollover plan offers yield below most borrowing rates
- —February Pendle PT yields about 2.98% versus 4.12% USDT0 and 5.87% USDC borrowing rates
- —LlamaRisk excludes USDG from its proposed E-Mode 9 borrowable assets, making its rate a comparator only
- —At 5x leverage, financing costs exceed gross PT gains in all three examples
- —OKX Wallet bonuses capped at 2% APY apply only to the October token through Oct. 28
Why it matters: The plan shows the rollover works only with external incentives, not from the collateral's own yield.
Source: CryptoSlate