# Offboard expired Pendle Tokens from Euler Yield (2026-01-20)

**URL:** <https://forum.euler.finance/t/offboard-expired-pendle-tokens-from-euler-yield-2026-01-20/1796>\
**Category:** Markets\
**Created:** [January 20, 2026, 10:11pm UTC](https://forum.euler.finance/t/offboard-expired-pendle-tokens-from-euler-yield-2026-01-20/1796 "2026-01-20T22:11:55Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Gauntlet](https://yyz1.discourse-cdn.com/flex007/user_avatar/forum.euler.finance/gauntlet/32/611_2.png) [@Gauntlet](https://forum.euler.finance/u/Gauntlet)\
**Post date:** [January 20, 2026, 10:11pm UTC](https://forum.euler.finance/t/offboard-expired-pendle-tokens-from-euler-yield-2026-01-20/1796/1 "2026-01-20T22:11:55Z")

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# Summary

This proposal recommends offboarding 2 expired Pendle PTs from Euler Yield: PT-srUSDe-15JAN2026 and PT-jrUSDe-15JAN2026. 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-srUSDe-15JAN2026 | $21K |
| PT-jrUSDe-15JAN2026 | $13K |

# 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

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**Author:** ![darkquartz303](https://avatars.discourse-cdn.com/v4/letter/d/c5a1d2/32.png) [@darkquartz303](https://forum.euler.finance/u/darkquartz303)\
**Post date:** [November 5, 2026, 10:33am UTC](https://forum.euler.finance/t/offboard-expired-pendle-tokens-from-euler-yield-2026-01-20/1796/2 "2026-11-05T10:33:16Z")

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