Pendle: PT-srUSDe redeems one-for-one at maturity - 22 Oct 2026

Pendle states that PT-srUSDe redeems one-for-one at maturity on 22 Oct 2026.The maturity establishes when the principal-token claim settles at par. Holders can use that settlement point to anchor the instrument's expected redemption value and assess the remaining term against the stated one-for-one outcome. The redemption condition describes contractual principal settlement, rather than demonstrated demand, usage, or a broader market effect. Its practical relevance depends on the instrument reaching maturity as specified, and the announcement alone does not show how many holders will redeem or whether the claim will affect trading before then.Lido onboarded PT-srUSDe Aave loops into their EarnUSD last week.Interestingly, LlamaRisk caps the discount rate for its Aave oracle at 10.22% for PT-srUSDe against 12.27% for PT-sUSDe (same October maturity).The senior earns the narrower band because its yield is floored and…