Aave V3's Risk Stewards, acting on LlamaRisk recommendations, approved incremental LTV and liquidation threshold increases for two PT-srUSDe reserves maturing October 22, 2026, while reducing liquidation bonuses as residual price risk compresses toward maturity. On the Core instance, Stablecoins E-Mode LTV moves from 88.62% to 88.72% and LT from 90.62% to 90.72%, with liquidation bonus cut from 5.18% to 4.70%. The USDe E-Mode sees parallel tightening. No discount rate changes were made as deployed rates track prevailing Pendle AMM levels closely. For Armada's crypto desk, these parameter adjustments illustrate how DeFi protocols dynamically reprice collateral risk as instruments approach maturity. The methodology, linking LTV to time-to-maturity price risk compression, offers a direct framework reference for how Armada might structure margin laddering on tokenized or yield-bearing collateral instruments.