Pendle Print #116

Just Use Pendle

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 ✨

H.E. Justin Sun’s newest toy on Pendle introduces over $300k of exclusive incentives to be earned, not to mention additional TRX airdrops and PENDLE co-incentives too.

Pendle@pendle_fi

Incentives are now live for @usddio sUSDD (Aug 2026) market on Pendle 🔥 >$300k exclusive rewards over the next 90 days, plus surprise $TRX airdrops throughout the campaign period too

Pendle @pendle_fi

GM @trondao 👋🏻 Introducing sUSDD (27 Aug 2026) by @usddio $300k of exclusive $USDD rewards to be earned, including additional $TRX airdrops for YT. Read on to learn more about @justinsuntron’s favourite stable 👇🏻

12:38 AM · May 28, 2026 · 6.05K Views

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7 Replies · 7 Reposts · 54 Likes

So how good is this thing? See for yourself:

Pendle Intern@PendleIntern

At current TVL of $5M, ethereum:0xc5d6a7b61d18afa11435a889557b068bb9f29930 on Pendle is expected to yield ~27.80% APY. Implied APY is only at 5.67% now. Even if TVL blew up to $50M, expected Underlying APY will still be ~6.38%, which translates to: 🔹Effective APY = 36%

USDD @usddio

🔥 The Ultimate DeFi Yield Opportunity is here — sUSDD is now live on @pendle_fi with $300K+ in exclusive rewards over 91 days! 🔹 Stacked Incentives: Surprise TRX airdrops throughout the campaign period 🔹 Extra Pendle Rewards: Earn up to an additional 30% APY in $PENDLE

9:33 AM · May 26, 2026 · 5.56K Views

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13 Replies · 9 Reposts · 59 Likes

Another key milestone for the STRC yield market - $500M TVL and counting 🎉

Pendle@pendle_fi

We crossed $500M TVL in $STRC yield coins! Of all STRC-linked TVL onchain, Pendle accounts for ~70%, translating to ~$261M in STRC held across our markets (~2.5% of total market cap). Proud to be the primary home for $STRC yield onchain, and looking forward to growing

4:44 AM · May 27, 2026 · 84.3K Views

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36 Replies · 48 Reposts · 481 Likes

Reminder to also migrate from your 28 May 2026 maturity positions if you haven’t already done so.

For the USDG fans - the incentive party continues, with $10k of incentives per week for the first 6 weeks (more to come soon):

Pendle@pendle_fi

Another ~15 hours until these pools mature on 28 May 2026, 12am UTC! Gentle reminder to migrate/rollover your positions to the next maturities ⏰

9:12 AM · May 27, 2026 · 3.7K Views

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8 Replies · 6 Reposts · 64 Likes

Pendle@pendle_fi

Here are 5,802 reasons why you shouldn't procrastinate in rolling over your positions from the May 2026 maturity $USDG pool 👇🏻

1:23 AM · May 28, 2026 · 3.59K Views

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4 Replies · 2 Reposts · 44 Likes

Strategy Highlights 💰

Thanks to all the YT apes, sUSDD is now offering ~7.8% Fixed APY with institutional depth:

Pendle@pendle_fi

ethereum:0xc5d6a7b61d18afa11435a889557b068bb9f29930 Fixed Yield on Pendle offers 7.36–7.40% APY across swap sizes from $500K up to $3.5M, with <5 basis points of slippage across the full range for @usddio. Consistent execution at institutional size, on an institutional-grade

3:35 AM · May 29, 2026 · 4.46K Views

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39 Replies · 11 Reposts · 46 Likes

Speaking of institutional depth, how does 21% Fixed APY for the next ~21 days on $40M sound?

Pendle Intern@PendleIntern

Hey Claude, what's the best way to earn $446k in 21 days? Hunting for the fattest yields...

3:26 AM · May 27, 2026 · 7.46K Views

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16 Replies · 3 Reposts · 59 Likes

New Pool Highlights

• sUSDD (Aug 2026)

• USDG (Sep 2026)

• USDat (Aug 2026) on BNB Chain

• sUSDat (Aug 2026) on BNB Chain

• apxUSD (Nov 2026) on BNB Chain

• srNUSD (Aug 2026)

• jrNUSD (Aug 2026)

• kHYPE (Sep 2026)

• vkHYPE (Sep 2026)

• wOUSD (Dec 2026)

• nOPAL (Sep 2026)

Pendle@pendle_fi

GM @trondao 👋🏻 Introducing sUSDD (27 Aug 2026) by @usddio $300k of exclusive $USDD rewards to be earned, including additional $TRX airdrops for YT. Read on to learn more about @justinsuntron’s favourite stable 👇🏻

8:00 AM · May 25, 2026 · 93.8K Views

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48 Replies · 28 Reposts · 142 Likes

Pendle@pendle_fi

New maturity pool for $USDG (Sep 2026) 🌍 The @global_dollar RWA stablecoin returns to Pendle. For the first 6 weeks, $60k in exclusive incentives stream to the Pendle market, alongside co-incentives from the protocol on top

11:00 AM · May 26, 2026 · 9.82K Views

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14 Replies · 18 Reposts · 93 Likes

Pendle@pendle_fi

More $STRC yield coins on Pendle @BNBCHAIN 🪐 Introducing new @saturn_credit markets on BNB Chain: • USDat (Aug 2026) • sUSDat (Aug 2026) With this, we're opening up $STRC yield to a whole new ecosystem of user, allowing them to fix or speculate on that yield

1:01 PM · May 26, 2026 · 5.99K Views

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11 Replies · 8 Reposts · 83 Likes

Pendle@pendle_fi

The $STRC yield coin expansion to Pendle @BNBCHAIN continues! This time, we welcome @apyx_fi to the fold: • apxUSD (Nov 2026) 13% Fixed APY on $STRC is now open for business on BNB Chain

2:28 AM · May 26, 2026 · 7.54K Views

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33 Replies · 17 Reposts · 114 Likes

Pendle@pendle_fi

Scale the heights of @Neutrl sNUSD...but with a harness. New @strata_markets with a new Aug 2026 maturity: • srNUSD • jrNUSD

3:17 PM · May 25, 2026 · 6.84K Views

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40 Replies · 8 Reposts · 76 Likes

Pencosystem

Earn 2x Saturn points for a limited time (until 6th June):

Pendle@pendle_fi

DOUBLE Gravity Points activated 🪐 > LP/YT for USDat and sUSDat on BNB Chain > LP/YT for USDat on Ethereum The fastest way to supersize your Saturn TGE play 🫡

Saturn Foundation @saturn_credit

Introducing Gravity Accelerate. Double Gravity Points on select @Pendle_fi actions across @BNBChain and Ethereum mainnet. May 27th, 9AM EST - June 6th, 9AM EST. $STRC, now accelerated into STRCfi with Saturn.

4:38 AM · May 28, 2026 · 12.5K Views

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6 Replies · 6 Reposts · 61 Likes

Pendle is channeling 100% of the co-incentives to they can be most effective - limit orders:

Pendle@pendle_fi

Pendle is concentrating co-incentives exclusively on Limit Orders (LO)! This means every dollar of matched incentive now goes toward building deeper, more precise liquidity, directly improving execution for anyone trading on Pendle. More info 👇🏻

4:30 AM · May 26, 2026 · 11.2K Views

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35 Replies · 16 Reposts · 87 Likes

A quick overview of how tokenized HELOC works on Pendle:

Hastra@HastraFi

Pendle unbundles PRIME's structured private credit yield to unlock a full suite of strategies for every type of market participant. Here's how it works 👇 1. PRIME allows you to earn durable yield from real-world HELOC lending, powered by @Figure's Democratized Prime. Under

2:08 PM · May 28, 2026 · 3.23K Views

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4 Replies · 6 Reposts · 38 Likes

Don’t miss out on these LP incentives for AVLT and wOUSD:

Altura@alturax

Liquidity has fully migrated to the new LP-AVLT pool on @pendle_fi. Altura will now begin distributing 10,000 USDT0 in rewards to LP-AVLT holders across two weekly epochs, starting today. Don't miss the next wave of incentives.

2:00 PM · May 28, 2026 · 4.97K Views

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33 Replies · 18 Reposts · 105 Likes

Origin Protocol@OriginProtocol

LP incentives are now live for $wOUSD on @pendle_fi. Liquidity providers are currently earning over 200% APY on the pool 🧵

2:04 PM · May 28, 2026 · 4.54K Views

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9 Replies · 8 Reposts · 57 Likes

Intern Insights

Which one speaks more to your degen soul?

• 2x boost?

• 50% discount?

Pendle Intern@PendleIntern

The Gravity Accelerate event by @saturn_credit gives YT-USDat a 2x boost over the next week Best way of thinking about this is discounting its implied yield, meaning you pay 4.74% IY during this period Hasn't been a better time to get SATURN'D up 🤷‍♂️ Pendle

Pendle @pendle_fi

DOUBLE Gravity Points activated 🪐 > LP/YT for USDat and sUSDat on BNB Chain > LP/YT for USDat on Ethereum The fastest way to supersize your Saturn TGE play 🫡

5:52 AM · May 29, 2026 · 5.38K Views

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5 Replies · 6 Reposts · 39 Likes

How to win hard with Hastra’s PRIME market on Pendle:

Pendle Intern@PendleIntern

The brand new $PRIME market powered by @HastraFi is your onchain gateway to real-estate backed yields. IIO (In Intern's Opinion), there's two REALLY great ways to play it if you're looking to net some fixed yields. Let's break down EXACTLY what you can do. 👇

8:21 AM · May 26, 2026 · 3.73K Views

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3 Replies · 6 Reposts · 41 Likes

Pendle Intern@PendleIntern

The $480m+ on Pendle powered by STRC showcases the IMMENSE demand for on-chain yields powered by RWAs Last week we launched the REALEST of all possible RWA pools and its got a VERY juicy 12% APR to boot. Haven't heard of @HastraFi and $PRIME? Let's take a look. 👇

5:01 AM · May 25, 2026 · 3.68K Views

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9 Replies · 7 Reposts · 45 Likes

X Highlights

Rain or shine, bull or bear, Pendle will always be building.

After all, JOB’S NOT DONE.

RightSide@Rightsideonly

The building continues I honestly don't know how many are left building in DeFi but let's continue 🫡

7:15 AM · May 29, 2026 · 7.03K Views

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23 Replies · 13 Reposts · 92 Likes

👑🐐

Smartmoney_Detective@NaveenCypto

Pendle dominates yield markets by huge margin. @pendle_fi

4:14 AM · May 28, 2026 · 5.52K Views

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7 Replies · 14 Reposts · 75 Likes

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

Mu Digital changes that by packaging Asian sovereign bonds, corporate debt, and private credit into onchain tokens, while Pendle transforms them into institutional yield:

Mu Digital@MuDigitalHQ

Asia is the new yield frontier @coingecko just covered how Mu Digital and @pendle_fi are bringing Asian credit yield onchain 🐂 PT-loAZND → fixed yield 🐂 YT-loAZND → leveraged yield trading Full article: coingecko.com/learn/mu-digit…

coingecko.com

How Mu Digital and Pendle Bring Asia's Credit Market Onchain | CoinGecko

5:27 AM · May 27, 2026 · 6.07K Views

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5 Replies · 8 Reposts · 35 Likes

Can you guess what the token is? I’ll give you 3 guesses:

STRC onchain liquidity flows through Pendle.

~68% of it to be exact:

The DeFi Investor 🔎@TheDeFinvestor

Pendle is the biggest DeFi winner of the STRC narrative. Over 73% of Apyx's TVL and 60% of Saturn's TVL is deposited on Pendle. The demand for yield trading is massive.

12:03 PM · May 25, 2026 · 11.5K Views

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22 Replies · 14 Reposts · 129 Likes

Deep value unearthed by the llama:

Emperor Osmo 🐂 🎯@Flowslikeosmo

Betting on @pendle_fi for its TVL is like buying $AAPL for its hardware business. Technically accurate but completely misses the point. Apple's real value is in Services (high-margin, recurring, compounding). Pendle's real value is in fees and, more importantly, where their

1:01 PM · May 29, 2026 · 7.65K Views

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21 Replies · 11 Reposts · 69 Likes

And last but certainly not least… just use Pendle, seriously 🤷🏻

Pendle@pendle_fi

Is there anywhere else to get a Big Mac other than McDonald’s? Is there anywhere else to get an iPhone other than Apple? Is there anywhere else… Just use Pendle.

PaperImperium @ImperiumPaper

All of these curators, yield aggregators, and lending protocols and there’s nowhere I can just deposit my stablecoins for 3-6 months for a reasonable fixed rate yield? I don’t need instant liquidity, and don’t want to go further out on the risk curve. Is there nowhere to get

7:45 AM · May 27, 2026 · 4.88K Views

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12 Replies · 7 Reposts · 73 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.