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.
Pendle is one of the 30 companies named to Fortune’s Crypto Innovators list, alongside Kalshi, Polymarket, Cardano, DBS Bank and more:
Pendle has been named to Crypto Innovators list, recognized among 30 companies and projects selected from more than 150 nominations, including TradFi institutions such as State Street, DBS Bank, and SBI Holdings.
For most of crypto's history, fixed income had no
2:53 AM · Jun 13, 2026 · 11.7K Views
38 Replies · 29 Reposts · 199 Likes
Over 1.7M of PENDLE buyback in ~4 months!
All yields lead to Pendle, and all roads in Pendle lead to sPENDLE:
Over 1.7M $PENDLE Buyback 🔥
Since the launch of sPENDLE, the protocol has acquired 1,722,192 $PENDLE from the open market and distributed every token to sPENDLE holders.
On top of it, sPENDLE holders have collected ~$1.4M in airdrops since the start of the year.
6:06 AM · Jun 15, 2026 · 7 Views
Wintermute’s new Morpho vault goes live, including allocation to 2 Pendle PTs.
Supply USDC to let Wintermute curate your lending exposure on Morpho:
Wintermute's Arbitrage USDC Select vault is live on !
The vault's allocation includes 2 Pendle PT.
PT-reUSD (10.95%) and PT-USDat (8.63%) carry the highest APYs in the vault, sitting alongside other blue-chip collaterals like cbBTC, WBTC and wstETH.
4:30 AM · Jun 12, 2026 · 11.9K Views
14 Replies · 10 Reposts · 89 Likes
The variable factor for YT-sUSDD is TVL.
At time of writing, current YT buyers are on track to earn 79% ROI.
Even if TVL doubled, there would still be ~20% ROI on the table:
Pendle Intern @PendleIntern
People are sleeping on YT-sUSDD.
- $TRX + $PENDLE + $USDD rewards, which maintain the ENTIRE maturity
- 13.24% Underlying APY now
- Priced at 7.33%
This means the only variable to take into consideration now is TVL on Pendle.
If TVL maintains, you earn ~79% ROI.
But even if
2:46 AM · Jun 10, 2026 · 4.13K Views
4 Replies · 9 Reposts · 47 Likes
Discounted dollars, powered by Pendle x Sky:
In short, you're buying $1 at a discount.
spend $0.9783 → redeem $1 at maturity
The difference constitutes your profit and fixed yield, similar to how zero-coupon bonds work in traditional finance.
Last week, Fixed Yield went live on https://t.co/w43dax3I2J, a new module for stablecoin holders who want a known return at a known date.
Want to understand exactly how Fixed Yield works before you supply?
Read the full breakdown:
https://t.co/M7VaDqsa20
3:58 AM · Jun 9, 2026 · 9.33K Views
10 Replies · 13 Reposts · 85 Likes
reUSD (10 Dec 2026)
reUSDe (10 Dec 2026)
srUSDe (22 Oct 2026)
jrUSDe (22 Oct 2026)
REEEEEEEEEEEEEEEE~
New maturities just landed on Pendle!
🔹reUSD (Dec 2026)
🔹reUSDe (Dec 2026)
Fixed yield on regulated insurance programs
3:39 AM · Jun 12, 2026 · 5.64K Views
11 Replies · 5 Reposts · 82 Likes
New maturities for x pools:
🔹srUSDe (Oct 2026)
🔹jrUSDe (Oct 2026)
srUSDe for downside protection on sUSDe yields, jrUSDe to earn a risk premium as the insurance pool
Speculate, trade and fix their yields with Pendle
3:00 PM · Jun 9, 2026 · 8.4K Views
10 Replies · 4 Reposts · 60 Likes
It’s YT incentive bonanza on Pendle now, with up to 163% ROI up for grab, including institutional stablecoins like Justin Sun’s sUSDD, Paxos USDG, Sky sUSDS and more:
Five Guys always gives an extra scoop of fries that overflows into the bag.
These YTs give an extra scoop of rewards that overflow into YOUR bag.
11:49 AM · Jun 11, 2026 · 6.06K Views
7 Replies · 9 Reposts · 65 Likes
Not only did 3Jane inject additional USD3 incentives to YT-USD3, they’ve also introduced a milestone-based JANE weekly rewards, which are NOT factored in on the UI yet.
So yes, the YTs could be even better than shown:
In short, YT-USD3 (Dec 2026) will now be earning:
• USD3 native yield
• 8,643 USD3 weekly rewards
• Additional 200,000 $JANE weekly rewards
3Jane is now open to the public
Mint USD3 to earn $JANE
Liquidity mining details below
2:37 AM · Jun 11, 2026 · 16.9K Views
6 Replies · 5 Reposts · 53 Likes
With Sky’s integration of Pendle PT, Pendle is evolving from a consumer application to infrastructure layer, extending Pendle from a standalone venue to a fixed-income layer that other protocols can leverage to expand their own product offerings:
Sky has integrated Fixed Yield natively, powered by Pendle.
Users can now lock Sky Savings Rate to a fixed maturity at 4.75% APY, against a 3.60% variable rate, directly within the app.
This integration embeds Pendle’s infrastructure inside the product surface of one
6:47 AM · Jun 10, 2026 · 11K Views
19 Replies · 12 Reposts · 114 Likes
PT-kHYPE goes live as collateral on HyperLend:
NEW ASSET LISTING: Pendle PT-kHYPE 24 September 2026 by &
Designed for those looking to lock in a fixed rate APY on their HYPE, PT-kHYPE presents significant yield opportunities for those looking to deploy with size.
gLend.
2:00 PM · Jun 8, 2026 · 17.7K Views
12 Replies · 16 Reposts · 91 Likes
LPs are an underrated “lossless” farm that gives you elevated exposure vs. underlying yield, while still maintaining any points/airdrop exposure (often amplified by Pendle-exclusive multipliers):
Pendle Intern @PendleIntern
everyone fixates on YT/PT when there really should be more awareness on the power of LP.
Take nOPAL in this case, LP is giving ~27% APY, which is:
🔹"Lossless" unlike YT where you could potentially lose money
🔹Higher yielding than PT and oPAL native yield
🔹Zero
10:24 AM · Jun 11, 2026 · 4K Views
6 Replies · 4 Reposts · 43 Likes
MORE YT incentives for Sky sUSDS:
Pendle Intern @PendleIntern
Fresh injection of rewards for YT-sUSDS 😋
YTs are now enjoying 2̶0̶,̶0̶0̶0̶ → 30,000 USDS weekly rewards.
And yes, these will maintain and last the ENTIRE maturity.
As it stands for YT-sUSDS:
🔹269% Effective APY
🔹+82% Profit
💦💦💦💦
5:21 AM · Jun 11, 2026 · 3.35K Views
4 Replies · 5 Reposts · 43 Likes
YT-sUSDD when incentives were announced: ~4.6% Implied APY
Today: 7.78% Implied APY
Hold or sell, any users with the foresight of longing yield then have already won:
Pendle Intern @PendleIntern
The power of YT with the right entry and the right read:
> Buy YT at 4.61% Implied APY
> Collecting 11.83% APY of yield
> YT priced at 7.78% now, so they can also sell YTs for immediate profit
Hold or sell, dude's already won.
Here's how you can do the same 👇🏻
7:51 AM · Jun 9, 2026 · 5.89K Views
8 Replies · 10 Reposts · 51 Likes
From consumer product to a key go-to-market strategy for DeFi yields:
After reading "How Crypto Businesses Turn Products into Platforms"
I realized that may be one of the clearest examples of this evolution in DeFi
⤷ Product → Platform model
In the beginning, Pendle was simply a product.
A place to trade yield.
Users came to
4:57 AM · Jun 14, 2026 · 1.75K Views
15 Replies · 7 Reposts · 35 Likes
The power of Pendle Limit Orders:
With a Pendle Asset making its way onto HyperLend this past week I realised I hadn't checked in on my favourite insanely confusing (and therefore insanely fun) DeFi App in a long time.
As always they've been cooking away, but one new addition really stuck out: Limit Orders
1:02 AM · Jun 11, 2026 · 2.7K Views
5 Replies · 3 Reposts · 30 Likes
Best Pendle strategies curated by The DeFi Investor:
The DeFi Investor 🔎 @TheDeFinvestor
My favorite Pendle yield strategies
Here are the yield opportunities for stablecoins that I am farming👇
1. Provide liquidity to Pendle's sUSDS pool for 10% APY
sUSDS is the yield-bearing stablecoin of , which allocates $30k in weekly rewards to this pool.
2. Buy
1:50 PM · Jun 8, 2026 · 11.1K Views
26 Replies · 37 Reposts · 135 Likes
I love you too, Linn.
🉐 Crypto Linn @crypto_linn
kind of insanely bullish for
8:23 AM · Jun 8, 2026 · 4.48K Views
9 Replies · 5 Reposts · 67 Likes
And last but certainly not least…
TN | PendleBoros @tn_pendle
No
11:29 AM · Jun 12, 2026 · 328 Views
2 Replies · 5 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.
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.
Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.
pendle