As of May 2025, Aave started onboarding Pendle Principal Tokens that allows their holders even greater use of their capital, with extra tools for this available at DeFi Saver.
Utilizing our Aave dashboard, users are able to make their PT active until maturity by:
Placing it as collateral in order to loan other assets (for example, a stablecoin)
Show me how:
Let's say you're holding PT eUSDe May and you're looking to borrow some USDC with it.
The first step would be to navigate to the Aave dashboard in the sidebar:
From there, click the "Create" button to get started:
Make sure you tick the "PT-eUSDe Stablecoins May 2025" checkbox.
On the right-hand side, you'll be able to see all the projections and details of your position before opening it.
If everything checks out, press the "Create" button.
If the transaction is successful, you'll be met with a success pop-up window. You'll have the option to check out our Automations, but if that's not currently relevant to you, simply press "Done".
You'll now see your position's real-time details, along with all of the relevant security metrics.
From here, you'll also be able to access our Automation dashboard, as well as our Boost & Repay feature. (link both articles)
We highly recommend reading through our Automation articles to get a better understanding of how you can further improve how your position is managed.
Currently, the only available PTs that can be placed as collateral on DeFi Saver's Aave interface are:
PT eUSDe May
PT sUSDe July
The only debt assets currently available are:
USDS
USDC
USDT
Pendle PTs are only available on Ethereum Mainnet
Looping their PT by placing it as collateral, borrowing a stablecoin, staking it, and then acquiring its PT from Pendle. Then, repeating the process of placing that PT as collateral. This process is known as Leveraged Borrowing
Show me how:
Let's say you're holding PT eUSDe May and you're looking to leverage it multiple times to increase how much you'll be claiming once the maturity date hits.
The first step would be to navigate to the Aave dashboard in the sidebar:
From there, click the "Create" button to get started, and press the "Leverage" tab:
Once you're on the Leverage screen, you'll be able to:
Choose the collateral asset (in this case, PT eUSDe May)
The collateral amount
Select the leverage amount
Select the debt asset
The debt amount
The Exchange route
Tick the E-Mode checkbox
Set the slippage limit
On the right-hand side, you'll be able to see all the projections and details of your position before opening it.
This is all done in a single transaction by:
Flash loaning the debt asset
Swapping the debt asset for the PT
Supplying it to Aave
Borrowing more of the debt asset
Repaying the flash loan
If everything checks out, press the "Create" button.
If the transaction is successful, you'll be met with a success pop-up window. You'll have the option to check out our Automations, but if that's not currently relevant to you, simply press "Done".
You'll now see your position's real-time details, along with all of the relevant security metrics.
From here, you'll also be able to access our Automation dashboard, as well as our Boost & Repay feature. (link both articles)
We highly recommend reading through our Automation articles to get a better understanding of how you can further improve how your position is managed.
Currently, the only available PTs that can be placed as collateral on DeFi Saver's Aave interface are:
PT eUSDe May
PT sUSDe July
The only debt assets currently available are:
USDS
USDC
USDT
Pendle PTs are only available on Ethereum Mainnet
DeFi Saver can help you save numerous steps with creating a leveraged position with your PT assets, as the position is opened in one smooth transaction. This saves users both time and gas fees.
Additionally, opening a Borrow or Leveraged position on DeFi Saver gives you access to our leverage management tools, such as Boost & Repay (link article) and Automation (link article).
Boost & Repay use-case for PT
In case the yield for a specific asset starts decreasing, its principal token has more value, as it has a fixed, predictable yield. As such, users who have a position with a PT might look to increase their exposure.
Our Boost tool does this in a single transaction by:
Borrowing the debt asset
Swapping it via Pendle for the collateral asset (PT)
Supplying that PT into the position to increase exposure
Show me how:
Once you've opened your Aave v3 PT position, you'll see the Boost tool among the options right underneath the main dashboard:
From here, you can input the amount that you'd like to boost, and click "Boost".
When you input the amount you'd like to Boost, our dashboard will inform you of what your position will look like before you submit the transaction.
On the other hand, if the Borrow APY of your debt asset exceeds the yield on your PT, or when the PT reaches its maturity date (and therefor, your APY is 0%), you'd probably look to clear your debt.
Our Repay tool does this in a single transaction by:
Withdrawing the PT collateral
Swapping it for the debt asset
Paying off the debt
Show me how:
Once you've opened your Aave v3 PT position, you'll see the Repay tool among the options right underneath the main dashboard:
From here, you can input the amount that you'd like to repay, and click "Repay".
When you input the amount you'd like to Repay, our dashboard will inform you of what your position will look like before you submit the transaction.
DeFi Saver users are able to acquire Pendle PTs with our Exchange tool.
For our users, there are no service fees on all actions with supported PTs.
