Aave moves to put LlamaRisk agents in charge of Pendle collateral on Plasma

Key Summary

Aave is transitioning to automate risk management for the Pendle collateral on Plasma by registering LlamaRisk's agents, which will adjust collateral settings for the PT-sUSDe-22OCT2026 market. The proposal, launched on October 1, 2026, involves over $45 million of the principal token supplied at the time, with the actual figure later estimated at approximately $37 million on Plasma. The agents will adjust parameters such as smoothed interest rates and liquidation thresholds without manual intervention, with a 100-basis-point cap on discount rate changes and a 50-basis-point cap on E-Mode parameters, each with a minimum gap of 2 and 3 days, respectively.