Summary
This proposal recommends offboarding 2 expired Pendle PTs from Euler Yield: PT-cUSD-29JAN2026 and PT-stcUSD-29JAN2026. Expired Pendle PTs stop accruing yield and become simple 1:1 wrappers of the underlying. Offboarding these allows controlling the total exposure to the underlying assets.
Liquidity
| Vault | Total Supply |
|---|---|
| PT-cUSD-29JAN2026 | ~$48K |
| PT-stcUSD-29JAN2026 | $0.0 |
Offboarding Process
We recommend the following offboarding process:
- Set supply caps to 0
- Ramp down LTVs to 0 over 30 days
- Inform users about the offboarding on public channels
- Once the ramping period is over, remove the vaults from the UI
Next Steps
- We welcome community feedback.