Pendle

ProjectWatch16

Tokenize and trade future yield

arbitrumavalanchebaseberachainbnb-chainDerivativesYield TokenizationLSD

About

Pendle is a decentralized protocol that tokenizes and trades future yield, allowing users to separate yield-bearing assets into principal and yield components. It uses a novel AMM designed for time-decaying assets, giving users flexibility to fix or speculate on yield across multiple blockchains.

PENDLE/USDT

No chart data available

TVL

$1.60B

Source: DefiLlama

Founded

2021 · 5y

History

2026

May 27, 2026news

New stable farming on Pendle that's worth your attention. These PT markets on @pendle_fi can be good yields on your idle stablecoins. From real HELOC flows, STRC, to Tron-stable yield, here's my list: 1 — PT apxUSD (~12.5% fixed APY, Nov 2026) by @apyx_fi on @BNBCHAIN Apyx's stablecoin backed by

@0xtindorr

Source →

2024

Mar 13, 2024chain expansionmajor

Deployment on Base

2023

Aug 16, 2023chain expansionmajor

Deployment on BNB Chain

Jun 28, 2023chain expansionmajor

Deployment on Optimism

Apr 19, 2023chain expansionmajor

Deployment on Arbitrum

Feb 1, 2023protocol upgrademajor

Pendle V2 Launch on Ethereum Mainnet

2021

Apr 28, 2021funding

Community Round

$11.83M

$11.83M · YZi Labs, The Spartan Group, Sora Ventures

Apr 15, 2021funding

Private Round

$3.70M

Jan 1, 2021founded

Founded

Recent News

Many crypto sector leaders earn more than all their competitors combined. Here are the top revenue dApps by sector in the last 30 days: Perps: @HyperliquidX - $53.8M YBS stablecoin: @skymoney - $14.9M Yield trading: @pendle_fi - $1.1M DEX: @AerodromeFi - $4.12M Lending: @aave - $7M Prediction: @P

@thedefinvestorMay 27, 2026

@0xtindorrMay 27, 2026

Asia's credit market is worth $20T and until now, almost none of it has been accessible to DeFi users.Mu Digital changes

pendle_fiMay 27, 2026

All your Fixed Yield needs right here: https://app.pendle.finance/trade/markets?categories=stables https://t.co/w6XHA3iW

pendle_fiMay 27, 2026

Is there anywhere else to get a Big Mac other than McDonald’s?Is there anywhere else to get an iPhone other than Apple?I

pendle_fiMay 27, 2026

Link to $STRC markets: https://app.pendle.finance/trade/markets?categories=strc https://t.co/FxTSWXckVn

pendle_fiMay 27, 2026