See Hesiod's Theogony, II, 281:
"And when Perseus cut off her [Medusa] head, there sprang forth great Chrysaor and the horse Pegasus who is so called because he was born near the springs (pegae) of Ocean; and that other, because he held a golden blade in his hands. Now Pegasus flew away and left the earth, the mother of flocks, and came to the deathless gods: and he dwells in the house of Zeus and brings to wise Zeus the thunder and lightning."
It is correctly written, according to the rules of syntax, and we can understand it, and it is in the past tense.
So yes, we can "describe" it in the past tense.
Is it a true statement? It depends: if Theogony is an historical book about the origins of gods, maybe it is true. If Theogony is a fictional novel, we do not usually consider ot true/false.