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

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

孙哥选择相信Pendle 我选择相信相信Pendle的孙哥这次我们能赢嘛！ @pendle_fi @pendle_grandma @justinsuntron https://x.com/pendle_fi/status/2058820441222050296

@0xanonnnnMay 27, 2026

I've been following Pendle Print since the #20-ish series... And it has become the best way to track what's hot in DeFi. "Wait, huh?" It's simple: if there's something hot in DeFi, @pendle_fi ships yield for it as fast as possible. $STRC is a good example. Over 73% of @apyx_fi's TVL and 60% of @s

@belizarddMay 26, 2026

USDat on BNB Chain opens $STRC yield to a broader base of onchain users, who can now fix or take a directional view on t

pendle_fiMay 26, 2026

More $STRC yield coins on Pendle @BNBCHAIN 🪐Introducing new @saturn_credit markets on BNB Chain:• USDat (Aug 2026)• sUS

pendle_fiMay 26, 2026

With a peak of ~$232M TVL, the May maturity market on Pendle became a meaningful driver of $USDG's Ethereum liquidity an

pendle_fiMay 26, 2026

Recap:Global Dollar (USDG) is a regulated, USD-pegged stablecoin issued by @Paxos and redeemable one-to-one for US dolla

pendle_fiMay 26, 2026