Aave’s Proposed USDG Collateral Rollover Carries 2.79% Implied Yield Against Higher Borrowing Rates

Aave's proposed rollover of USDG collateral on V3 X Layer would replace a maturing position with a February Pendle token, carrying a 2.79% implied yield. In an Oct. 7 snapshot, most quoted stablecoin borrowing rates were higher, suggesting the rollover may be less attractive for lenders seeking yield.