Pendle Print #101

Yield ahoyyyy!

Pendle is the ultimate yield market in DeFi – fixed yields, leveraged yield + points trading, and funding rate swaps (via Boros).

The objective of The Pendle Print is to distill the developments in DeFi yield markets into a succinct and actionable format.

Important Highlights ✨

sPENDLE buybacks have officially commenced! And hey, keep an eye out for that first yield distribution on 13 Feb 😉

Pendle@pendle_fi

Yield ahoy! The sPENDLE buybacks are going LIVE on Monday [9 Feb] 🫡 • First sPENDLE yield drops 13 Feb • Rewards are time-weighted from [29 Jan, 00:00 UTC] • This includes airdrops from Pendle fees not yet distributed • Future distributions (N) will also be time-weighted

11:01 AM · Feb 5, 2026 · 8.94K Views

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9 Replies · 16 Reposts · 126 Likes

PTs on Compound soon 🤝

Compound Foundation@Compound_xyz

DeFi's next chapter is being written as we speak, and Compound is holding the pen. We are thrilled to welcome @pendle_fi as a Compound v4 Priority Partner. V4 will include isolated markets to open new possibilities for yield-bearing collateral. This will enable assets like

4:30 PM · Feb 5, 2026 · 6.58K Views

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2 Replies · 7 Reposts · 41 Likes

And also over yonder in BNB Chain thanks to a little cross-chain magic. Deposit, borrow, and loop on ListaDAO:

Lista DAO@lista_dao

New PT-srUSDe and PT-USDe markets added on Lista Lending. PT-srUSDe-02APR2026 and PT-USDe-07May2026 are now live, with total 5M liquidity across markets: 🔹 Collateralize PT-srUSDe-02APR2026 → Borrow USDT and U 🔹 Collateralize PT-USDe-07May2026 → Borrow USD1, USDT, and U

11:24 AM · Feb 5, 2026 · 11.5K Views

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12 Likes

Record volume in record time. Boros is fattening up nice and easy 😋

Boros@boros_fi

Wooot! Boros just hit $10 BILLION in notional trading volume in record time - 2.7x faster than our sister protocol, the #1 crypto yield trading platform 🔥

9:19 AM · Feb 5, 2026 · 7.42K Views

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18 Replies · 12 Reposts · 83 Likes

Reminder to rollover/claim your matured positions!

Pendle@pendle_fi

Heads up - 3 Ethena markets will mature tomorrow (5 Feb 2026): 🔹sUSDe 🔹USDe 🔹sENA Here's exactly what you need to do, and what you need to know 👇🏻

11:00 AM · Feb 4, 2026 · 6.41K Views

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1 Reply · 9 Reposts · 81 Likes

New Pools

• stUSDS (25 Jun 2026)

Pendle@pendle_fi

The name may be @sparkdotfi, but the yields can get explosive stUSDS (25 June 2026) is now live on Pendle A high-yielding vault that lends deposited USDS to borrowers with $SKY as collateral (16.8% APY at the moment)

6:45 AM · Feb 6, 2026 · 11.2K Views

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9 Replies · 9 Reposts · 105 Likes

• ENA (30 Apr 2026)

Pendle@pendle_fi

Something all of us need to hear in this market You are always ENA-ugh 🫵🏻💝 New @ethena ENA (30 Apr 2026) pool is now live

11:32 AM · Feb 2, 2026 · 8.54K Views

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6 Replies · 4 Reposts · 79 Likes

• avUSD (14 May 2026)

Avant@avantprotocol

Avant × @pendle_fi avUSD Lands on Ethereum Mainnet Pure $AVANT exposure. Maximum points acceleration. $1000 in weekly avUSD LP incentives. If savUSD is for yield, avUSD is for conviction.

10:18 PM · Feb 5, 2026 · 694 Views

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3 Replies · 4 Reposts · 21 Likes

Pencosystem

All the markets sporting juicy external incentives (and PENDLE co-incentives):

Pendle@pendle_fi

YT long yields are hitting 700%+ APY, all thanks to the extra boost from "External Incentives" Protocols boost their markets with rewards. Pendle sprinkles up to 40% extra $PENDLE on top 🍰 Here's every market running external incentives right now 😋

9:31 AM · Feb 3, 2026 · 10.4K Views

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13 Replies · 12 Reposts · 114 Likes

W Cap for making YTs “100% profitable” 👀

Pendle@pendle_fi

Cap Stabledrop for YT holders 🪂 "...ensures that YT-cUSD users receive a much higher implied APY than what the market was pricing. As a result, all users that entered YT-cUSD and stayed until the end should be profitable." 👀

cap @capmoney_

We would like to thank all Frontier Program participants for their early contributions to our protocol. We would also like to congratulate them making history with us by being part of the first-ever stablecoin airdrop. In total, Cap users will collectively receive 12 million

2:39 AM · Feb 5, 2026 · 13.1K Views

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5 Replies · 10 Reposts · 100 Likes

Pendle contracts, custom UI.

In the words of their founder:

“I think this is also the first time that somebody wants Pendle so hard that instead of shipping with a competitor, they (us) deploy a community pool and then ship an entire UI around it”

Pendle@pendle_fi

Okay this is really cool - the first time a protocol has leveraged Pendle’s permissionless pool contracts to independently deploy their own market and build a fully custom UI around it. This is the kind of composability we envisioned with "permissionless yield markets".

SHIFT Protocol @shiftprotocol_

extUSD on Pendle We just pushed the LIVE button on the first Pendle Pool for a Shift vault. It's extUSD, with a maturity of 87 days. This extUSD Pendle Pool (deployed via Pendle’s Community Pool stack) lets you get liquid, permissionless exposure to Extended Points ahead of

1:44 AM · Feb 3, 2026 · 12K Views

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17 Replies · 21 Reposts · 136 Likes

Don’t be like Intern and miss this 30% APY opportunity ⭐

New PT-srUSDe market on Aave:

Pendle Intern@PendleIntern

Hey @aave I was busy freelancing on the streets over the weekends to make ends meet (due to drastic market conditions) and unfortunately missed this, so could you please kindly do your bro a solid? Thanks. Sincerely, Pendle Intern (Geylang Lorong 8, 9pm-3am daily)

1:44 AM · Feb 9, 2026 · 3.5K Views

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3 Replies · 13 Likes

Boros

Gold and Silver funding rates, the hottest assets on planet Earth, are now tradeable on Boros:

Boros@boros_fi

Hey Peter Schiff… We’re Coming for Your GOLD! Today, Boros is launching the first-ever funding rate markets for XAU and XAG

6:11 AM · Feb 4, 2026 · 12.6K Views

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6 Replies · 8 Reposts · 53 Likes

Another exchange gets added to Boros:

Boros@boros_fi

You can now trade @Gate funding rates on Boros! We’ve launched 2 new maturities: BTCUSDT (Gate) ETHUSDT (Gate) Both markets are USDT collateral, and mature 27 Feb. With these markets, you can now arbitrage funding rates between 4 separate perp platforms on Boros…

5:14 PM · Feb 4, 2026 · 1.49K Views

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3 Replies · 5 Reposts · 29 Likes

How one man (or woman) turned $11k to $117k on Boros with just ONE strategy:

Boros@boros_fi

https://t.co/kyrshKxKpq

8:49 PM · Feb 3, 2026 · 16.5K Views

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7 Replies · 18 Reposts · 123 Likes

“Don’t trade cryptos, trade rates”

Castle Labs 🏰@castle_labs

https://t.co/mxrgbJpzWx

11:52 AM · Feb 6, 2026 · 17.3K Views

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13 Replies · 20 Reposts · 156 Likes

An amazing Boros ELI5:

Emperor Osmo 🐂 🎯@Flowslikeosmo

https://t.co/Q4tAoA4FX3

4:15 PM · Feb 7, 2026 · 12K Views

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10 Replies · 14 Reposts · 120 Likes

Intern Insights

When you win, you win BIG on Boros:

Pendle Intern@PendleIntern

So if you took this XRPUSDC-Hyperliquid short when @boros_fi tweeted about it... You're now in profit on YU Implied APR (0.45% to -0.23%)... AND got paid to be short because Underlying APR was negative the past two days for ALL hourly settlements. Nice trade, ngl (nfa tho)

Boros @boros_fi

After a profitable settlement for shorters (+95%!), rates dropped even lower to -139% APR... Could you get an even bigger payout in an hour? https://t.co/DceIRhClF5

10:59 AM · Feb 8, 2026 · 4.08K Views

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12 Replies · 3 Reposts · 34 Likes

For God’s sake, please don’t do naked longs for XAG and screwed upside down by funding:

Pendle Intern@PendleIntern

Silver (XAU) longs are getting absolute F*CKED by funding on @binance - 85% APR in the past 30 days - 76% APR in the past 7 days @boros_fi having XAGUSDT-Binance now means you can cut this stupid cost by 85% and actually start making money 👇🏻

8:01 AM · Feb 4, 2026 · 4.66K Views

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9 Replies · 6 Reposts · 41 Likes

3 digit APY is still well and alive:

Pendle Intern@PendleIntern

ICYMI: @hyperithm x @MidasRWA is now streaming incentives DIRECTLY to YT-mHYPER This means the 'underlying' APR for YT-mHYPER is actually 11.3% after accounting for PENDLE co-incentives Against implied yield of 7.82%, that's a Long YT APY of 376% 👀👀👀

2:19 PM · Feb 5, 2026 · 3.2K Views

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4 Replies · 2 Reposts · 30 Likes

30% APY is online now thanks to PT-srUSDe on Aave:

Pendle Intern@PendleIntern

...and it's pretty easy to see why as well. PT-srUSDe: 5.56% APY USDe borrow: 2.83% APY MaxLTV: 90% This means max yield is >30% APY while your debt and collateral are literally AS correlated as possible 🤷‍♂️

Pendle Intern @PendleIntern

Hey @aave I was busy freelancing on the streets over the weekends to make ends meet (due to drastic market conditions) and unfortunately missed this, so could you please kindly do your bro a solid? Thanks. Sincerely, Pendle Intern (Geylang Lorong 8, 9pm-3am daily)

1:56 AM · Feb 9, 2026 · 1.88K Views

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2 Replies · 2 Reposts · 15 Likes

X Highlights

Phteven handpicked the Top 5 stables on Pendle:

Stephen | DeFi Dojo@phtevenstrong

Top Five Stablecoins Yields on @pendle_fi Explained 1) sUSDai: 16%, 13 Days ► Info: @USDai_Official's GPU Collateralized Stablecoin backed by >99% tbills at the moment ► Opportunity: would be great if it didn't expire so soon, I'd go with the 41 day (12.4%) instead of I

4:43 AM · Feb 5, 2026 · 15.3K Views

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25 Replies · 15 Reposts · 148 Likes

Why AIM will be huge for Pendle (and $PENDLE):

Eli5DeFi@Eli5defi

From Manual Voting to Mathematical Meritocracy Manual governance voting for $PENDLE emissions is dead. Pendle just activated the Algorithmic Incentive Model (AIM), a regime change, not a tweak. The kicker: 30% emission cuts + higher LP profitability. Here's how. — ► The

9:00 AM · Feb 3, 2026 · 3.71K Views

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27 Replies · 4 Reposts · 63 Likes

The neobank narrative:

Andy@andyyy

Neo finance is outperforming everything. We expect this trend to continue in 2026. $HYPE $SKY $CC $SYRUP $ETHFI $AAVE $PENDLE and a few others.

9:47 AM · Feb 8, 2026 · 7.87K Views

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21 Replies · 7 Reposts · 99 Likes

Job’s not done, we’re not done:

Perry The Platypus@DeFi_Perryy

.@pendle_fi leads the market in 30-day fees. Over $1.08M generated in the last 30 days at the forefront of the sector

8:44 AM · Feb 4, 2026 · 3.09K Views

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4 Replies · 2 Reposts · 42 Likes

Some sPENDLE updates from the #1 Pendie (get well soon, Linn!):

🉐 Crypto Linn@crypto_linn

under ze radar of many BUT sPENDLE: - PENDLE buybacks start this week - sPENDLE yield starts in 5 days - 30% of $PENDLE staked (vePENDLE and sPENDLE) so far - Pendle yield used for buybacks + Boros fees not even yet included (but oho when they are...)

4:45 AM · Feb 9, 2026 · 145 Views

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3 Replies · 1 Repost · 3 Likes

And last but certainly not least…if you know any anyone who loves asking “why” and proceeds to answer their own question, please let them know that we would love to have a chat with them:

Pendle@pendle_fi

We're hiring! If you're a creative, proactive, and data-driven product researcher, the type who sees inefficiencies and thinks "HMMMM how can we fix this" then we wanna talk to you 👋🏻

5:32 AM · Feb 3, 2026 · 92.4K Views

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122 Replies · 48 Reposts · 1.03K Likes

That’s it for this issue.

Attention and capital is scarce in this market – and for that we thank you for your continuous support.

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pendle.finance | Twitter | Discord

Pendle is the largest rate swap protocol for fixed yields and yield trading in DeFi. Pendle’s adoption as a DeFi primitive has been growing across protocols and institutions to generate more yield, secure fixed yields and directionally trade yield on yield-bearing DeFi assets.

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Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.