OKX Wallet PT-USDG Loop bonus campaign ends

The OKX Wallet limited-time bonus for supplying USDG Loop (PT-USDG-29OCT2026) to Aave ends on October 28, 2026, at 15:00 UTC+8, which corresponds to 07:00 UTC. The campaign involves USDG, and rewards become claimable after it closes.

What is happening

OKX Wallet has been running a promotional program that rewards users who supply USDG Loop, or the Pendle principal token PT-USDG-29OCT2026, to Aave through the designated OKX Wallet campaign page. The bonus APY is capped at 2%. Transactions made through Aave directly or through other third-party websites do not qualify.

When the campaign ends, the bonus accrual stops and participants can claim their rewards. Distribution depends on each eligible participant's share of total deposits. According to the announcement, the actual payout may come in below the announced 490,000 USDT reward pool.

The end of the campaign coincides with the maturity of the October PT, which expires on October 29. OKX Wallet's FAQ states that a PT position does not automatically redeem, unwind, renew or roll over at maturity, and that promotional PT rewards stop at that point. These terms apply to the October token only; any rewards for the replacement February 2027 token would require separate terms.

Why it matters

Risk provider LlamaRisk has said that profitability for participating loop users depends largely on external incentives from OKX, and that the end of those incentives would likely encourage users to unwind positions. Holders of PT-USDG-29OCT2026 who borrowed against it on Aave on X Layer should therefore watch how the end of the bonus affects their returns.

The timing also overlaps with a proposed Aave governance rollover that would migrate maturing PT-USDG collateral into a February 2027 token via a flash-loan transaction. That plan depends on separate Aave and OKX integrations. The replacement token's roughly 2.98% implied yield sits below quoted borrowing rates for USDT0, USDC and USDG at the time of the cited snapshots, so leveraged positions may carry negative returns before rewards. Outcomes depend on entry price, borrowing costs and fees.

For traders and holders, the key practical points are the claim window after October 28 and the absence of automatic renewal at maturity.

Key details

• Date: October 28, 2026, 07:00 UTC (15:00 UTC+8)
• Project: OKX (OKX Wallet)
• Coins: USDG
• Category: Event
• Status: Confirmed
• Source: OKX Wallet announcement (https://web3.okx.com/help/okx-wallet-announcement-boost-x-liquidity-pt-usdg-limited-time-bonus); CryptoRank news feed on Aave's proposed USDG rollover