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.
RWAs were the clearest growth driver of our first half, and that momentum is where we’re concentrating for the rest of 2026 and beyond.
Here’s a quick look at some of the highlights you may have missed:
FIFA World Cup has just ended but it's still just half-time for Pendle ⚽
A quick scroll through the highlights from the first half of 2026:
1:00 AM · Jul 23, 2026 · 35.5K Views
15 Replies · 28 Reposts · 108 Likes
As for Boros, our learnings over the past year have led us to conclude that the biggest opportunity for us now is the funding rate gap/inefficiency between venues.
In other words, PIES 🥧
Missed the community call? Don’t worry, Intern’s got you covered with this 2min summary.
Some highlights of what’s next for Pendle:
Curator infrastructure, opening up listings to external curators, with PTs usable as collateral across major lending venues
Co-curated Pendle branded vaults holding only PTs with a proven track record, starting with Morpho
Working directly with RWA issuers on compliant ways to bring DeFi utility to permissioned assets (TN has been hard at work in NYC)
Some new additions to PT Looping including Sky PT-sUSDS, with more to come next, including Aave V4 and Euler:
3 new markets on Pendle's PT looping:
🔹 PT-USD3
🔹 PT-sUSDS
🔹 PT-USDat
Yields up to 38.7% APY are now just a mouse click away ⚡
One of DeFi's most rewarding strategies, once gated behind an hour long labour of buy, lend, borrow, repeat... is now open for everyone with just a mouse click.
Enjoy. https://t.co/PHd1MSBPdU
4:41 AM · Aug 1, 2026 · 13.2K Views
16 Replies · 9 Reposts · 107 Likes
sPENDLE in less than half a year:
PENDLE.
Fun fact - $PENDLE is now at an all-time-low for circulating supply 🔥
Protocol fees are being used to buy $PENDLE back at more than 5x the rate it's emitted - where ~92% of sPENDLE wallets have never unstaked.
Buybacks for ethereum:0x808507121b80c02388fad14726482e061b8da827 passed 2M 🔥
All these within just 6 months since sPENDLE launched
➢ ATH ethereum:0x808507121b80c02388fad14726482e061b8da827 staked
➢ Emissions cut by 71% - double the initial 30% target
Fees, buybacks, https://t.co/Ukfisxfgjr
6:00 AM · Jul 31, 2026 · 18.3K Views
27 Replies · 20 Reposts · 163 Likes
New “Get Started” page to simplify your Pendle journey:
Every great RPG starts off the same - with a class choice.
Want defense and resilience? PT is your Paladin.
Maximum damage potential? YT is your Assassin.
Want to borrow powers to achieve feats beyond your limit? PT looping is your Warlock.
Introducing the new Get Started
2:35 AM · Jul 31, 2026 · 6.85K Views
18 Replies · 4 Reposts · 81 Likes
A very cool new tool that easily helps you arbitrage funding rate gaps between platforms (>20% delta neutral, fixed yield up for grabs).
All you need is this tool, a Gate account to access CrossEx, and a wallet for Boros:
Disclaimer: CrossEx-Boros Terminal is an independent tool, not built or maintained by Pendle. Use at your own risk.
Very cool iron-man-in-a-cave stuff by
TL:DR
🔹Tool that helps you execute funding rate arbitrage (delta-neutral + fixed yield)
🔹Long + Short leg on CrossEx with shared-pool collateral (any price movements cancel out each other's collateral changes)
🔹Long + Short on
There's a NEW META in crypto land.
Thanks to it, I'm getting 40% Fixed APR
PASSIVELY
on 22.7k capital.
It's called Fixed Return Funding Rate Arbitrage. Funding rate arb, ON STEROIDS.
Full playbook + the open-source tool I built to run it 👇
#boros @boros_fi
9:01 AM · Jul 30, 2026 · 8.58K Views
5 Replies · 8 Reposts · 64 Likes
Tori strUSD (Nov 2026)
Tori trUSD (Nov 2026)
Ethena sUSDe (Oct 2026) on Monad
Alchemix mixUSDC (Oct 2026)
Alchemix mixWETH (Oct 2026)
Harmonix haHYPE (Jan 2027)
Institutional yields means institution-only accessibility...
...until now, that is, with 's trUSD and strUSD now available on Pendle.
Not sure what they are?
Not sure what you can do with them on Pendle?
Let's take a look 👇
3:00 PM · Jul 27, 2026 · 10.7K Views
30 Replies · 12 Reposts · 108 Likes
The 1st time I watched Rush Hour it stuck with me how great it would be to adventure with your BFF.
We're happy to share we've found them.
Our Chris Tucker? sUSDe (22 Oct)
Our adventure?
And this adventure comes with a bonus of 1.98M $MON in the first 2 weeks
1:01 PM · Jul 22, 2026 · 23.3K Views
15 Replies · 20 Reposts · 125 Likes
Alchemix 🤝
You can now deposit directly into our ETH and USDC Mix-Yield Tokens through Pendle.
This is the first of many DeFi integrations coming to v3.
Deposit Mix-USDC and Mix-ETH here:
USDC
ETH
3:18 PM · Jul 30, 2026 · 4.81K Views
6 Replies · 10 Reposts · 68 Likes
Harmonix Finance @harmonixfi
New haHYPE market is now live on
Matured PT-haHYPE has consistently delivered 4.4% APR on average
New market continues to be one of the best hyperliquid:native yield plays on HyperEVM
10:01 AM · Jul 30, 2026 · 1.46K Views
2 Replies · 3 Reposts · 16 Likes
Harmonix Finance @harmonixfi
New haHYPE market is now live on
Matured PT-haHYPE has consistently delivered 4.4% APR on average
New market continues to be one of the best hyperliquid:native yield plays on HyperEVM
10:01 AM · Jul 30, 2026 · 1.46K Views
2 Replies · 3 Reposts · 16 Likes
Lido EarnUSD vault, now powered by Pendle PT-srUSDe too:
New EarnUSD strategy allocation: PT-srUSDe loops 🔁
Fixed-yield PT on senior sUSDe tranche (srUSDe), looped on , with boosted leverage via .
Powered by .
Fixed rate on top. First-loss capital underneath.
2:37 PM · Jul 22, 2026 · 28.9K Views
10 Replies · 26 Reposts · 122 Likes
An agent that never sleeps, never logs off, and never misses an opportunity, and it’s now available for Pendle:
The yield layer is now agent-native.
× brings agentic execution to on-chain yield.
Set your yield mandate.
Approve the mission once.
VEX handles the rest // scanning Pendle markets across 11 chains and managing your PT, YT and LP positions within the
2:01 PM · Jul 22, 2026 · 39.4K Views
72 Replies · 60 Reposts · 254 Likes
Agora PT-AUSD, coming soon on Aave V3:
I have a dream, a dream where all of you can have >30% APY on PT-AUSD.
gmonad.
1:48 AM · Jul 22, 2026 · 12.3K Views
13 Replies · 9 Reposts · 121 Likes
PT looping is hands down one of the best, if not the best, high yielding strategies in DeFi.
A lot of that has to do with how Aave has designed their system and oracle around PT, which makes liquidation a very unlikely event:
Pendle Intern @PendleIntern
Fun fact you didn't know - Pendle PTs being liquidated on is super duper unlikely.
So yes, go ahead and max lev loop that sucker (NFA. No seriously, NFA)
This is all thanks to FIVE design choices working in your favour at the same time 👇🏻
1️⃣ Aave codes PT price by
12:15 PM · Jul 27, 2026 · 8.08K Views
9 Replies · 4 Reposts · 36 Likes
More points, more yield, same exposure.
Seriously, why are you still holding trUSD and strUSD?
Pendle Intern @PendleIntern
Dear users,
DO NOT leave free money on the table.
If you're already holding/planning to hold trUSD or strUSD, just Pendle LP instead for:
1) MORE points
2) MORE yield
Love,
Intern
8:36 AM · Jul 30, 2026 · 3.8K Views
12 Replies · 5 Reposts · 46 Likes
How Pendle will continue to be the primary sector value discovery for any key + emerging narratives:
Cheeezzyyyy @0xCheeezzyyyy
Consistently adaptive PMF, stronger accreditations & more advanced development.
The biggest winners are always forged through the coldest bear markets.
With DeFi operating on 100x hard mode in such market conditions, having a protocol relentlessly pushing the forefront of
FIFA World Cup has just ended but it's still just half-time for Pendle ⚽
A quick scroll through the highlights from the first half of 2026:
1:25 PM · Jul 23, 2026 · 8.06K Views
28 Replies · 12 Reposts · 63 Likes
A great 2-week stretch for Pendle:
🉐 Crypto Linn @crypto_linn
While the market looks heavy and people are calling doom, just keeps building... and eating?? past 2 weeks of Pendle with receipts:
1️⃣ TVL $1.08B → $1.21B. +12% in 14 days, casually, in a bear
2️⃣ Boros OI $104M → $151M (+45%). and it was $48M a month ago. tripled
9:32 AM · Jul 28, 2026 · 5.73K Views
21 Replies · 9 Reposts · 78 Likes
Alea Research’s in-depth look into sPENDLE and PENDLE:
Alea Research @AleaResearch
Staked PENDLE passed 100M, about 36% of total supply, six months after sPENDLE launched.
Buybacks near 77,000 a week against an emission cut of 64,000 improve the weekly balance by 141,000 tokens.
1:11 PM · Jul 28, 2026 · 7.94K Views
4 Replies · 6 Reposts · 19 Likes
PENDLE NO SUS:
this is what consistency and credibility look like
maintained consistently positive sentiment over the past 12 months, alongside steady mindshare!
- no hacks
- no sketchy moves
- transparent team and products
- unique positioning (one of the pioneers in yield and
4:15 AM · Aug 2, 2026 · 5.17K Views
19 Replies · 9 Reposts · 64 Likes
And last but certainly not least…a minor pivot in Pendle’s future plans:
Pendle Intern @PendleIntern
pendle's grand plan for the 2nd half of 2026 and beyond
FIFA World Cup has just ended but it's still just half-time for Pendle ⚽
A quick scroll through the highlights from the first half of 2026:
8:04 AM · Jul 27, 2026 · 5.54K Views
7 Replies · 4 Reposts · 40 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