Pendle Print #123

The wheel on Pendle goes round and round...

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 ✨

PT Looping just got even better on Pendle.

+2% for all your looped PTs BEFORE leverage.

That means with a 10x loop, we’re looking at a +20% APY for you 👀

Pendle@pendle_fi

PT Looping incentives are now live. Get extra 2% APY on top of your PT Fixed APY while looping with Pendle. At an 10x loop, that's +20% APY on your position. Limited time only 👇

12:23 AM · Aug 13, 2026 · 44.5K Views

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13 Replies · 14 Reposts · 143 Likes

Not enough liquidity? We got you covered too.

The new Pendle Ecosystem USDC vault on Morpho should help with that.

Oh and if you’re looking for some easy yield for your USDC:

Pendle@pendle_fi

The Pendle Ecosystem USDC vault is now live on @Morpho 🦋 Co-curated by Pendle and Armitage, @wintermute_t's vault curation arm. Deposit USDC, earn yield from PT borrow demand, plus a share of 7,500 $PENDLE weekly!

1:00 PM · Aug 12, 2026 · 113K Views

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25 Replies · 29 Reposts · 227 Likes

To complement the entire PT Looping economy, we’ve also bumped up the input limit (i.e. initial capital for PT Looping) to $1.5M.

Pendle@pendle_fi

Loop bigger, earn bigger 🔥

Pendle @pendle_fi

PT Looping incentives are now live. Get extra 2% APY on top of your PT Fixed APY while looping with Pendle. At an 10x loop, that's +20% APY on your position. Limited time only 👇

12:58 AM · Aug 14, 2026 · 7.2K Views

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12 Replies · 8 Reposts · 62 Likes

Plus, you get access to higher leverage now too:

Pendle@pendle_fi

You can now get even HIGHER APYs with PT Looping now. To quote our dev: "we magic magic a bit and all markets have 1 to 2x higher leverage now" Enjoy 🫡

Pendle @pendle_fi

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

3:14 AM · Aug 10, 2026 · 15.2K Views

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14 Replies · 9 Reposts · 126 Likes

The grand plan? To make this PT Looping flywheel go round and round and round and round and…

Pendle@pendle_fi

The entire PT Looping ecosystem just got a lot more powerful 🔥 4 new ways for you to earn: 🔹Pendle Ecosystem USDC vault on @Morpho goes live, allowing you to earn yield from depositing $USDC, which will be allocated to PT markets 🔹7,500 weekly PENDLE rewards go live for the

Pendle @pendle_fi

The Pendle Ecosystem USDC vault is now live on @Morpho 🦋 Co-curated by Pendle and Armitage, @wintermute_t's vault curation arm. Deposit USDC, earn yield from PT borrow demand, plus a share of 7,500 $PENDLE weekly!

9:30 AM · Aug 13, 2026 · 10.3K Views

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18 Replies · 6 Reposts · 113 Likes

Strategy Highlights 💰

• PT-reUSD looping on Morpho | up to 55.5% APY

• PT-AUSD looping on Euler | up to 40.5% APY

• PT-sUSDe looping on Aave | up to 31.75% APY

• PT-sUSDS looping on Morpho | up to 30.98% APY

• PT-srUSDe looping on Aave | up to 28.52% APY

New Pool Highlights

• USDG (Oct 2026) on X Layer, with $20k USDG rewards for LP in the 1st month, and Aave market (plus more incentives!) soon

• srUSDat (Jan 2027)

• SIERRA (Oct 2026)

• sBOLD (Jan 2027)

Star_OKX@star_okx

Another important building block for X Layer. Money doesn’t just need to move onchain—it needs markets for trading, lending, borrowing, and yield. Great to welcome Pendle to the X Layer ecosystem. Step by step, Exchange OS is taking shape. 🚀

X Layer @XLayerOfficial

📢 @pendle_fi yield markets are live on X Layer. You can now lock in fixed yield with Principal Tokens, trade future yield with Yield Tokens, and provide liquidity. Coming soon: $USDG @global_dollar incentives via @aave

2:57 AM · Aug 13, 2026 · 61.5K Views

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56 Replies · 22 Reposts · 148 Likes

Pendle@pendle_fi

RWA structured yield meets fixed rate on @monad 🤝 Introducing @strata_markets srUSDat (Jan 2027)

12:00 PM · Aug 10, 2026 · 16.3K Views

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12 Replies · 9 Reposts · 105 Likes

Sierra@SierraIsMoney

SIERRA's fourth market on @pendle_fi just went live! We have allocated at least 25,000,000 Peaks to YT holders for this final Pendle market prior to the TGE of the Sierra Governance Token (SGT) Read below to learn more about our next market👇

4:13 PM · Aug 6, 2026 · 3.56K Views

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5 Replies · 120 Reposts · 70 Likes

K3 Capital@k3_capital

Borrower interest. Liquidation premiums. Fork airdrops. Three revenue streams, one token. And now you can trade fixed vs variable rates of @LiquityProtocol v2's Stability Pool. sBOLD is live on @pendle_fi👇

12:55 PM · Aug 6, 2026 · 4.65K Views

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3 Replies · 5 Reposts · 29 Likes

Pencosystem

Lido includes PT-srUSDe Aave loops into their EarnUSD:

Pendle@pendle_fi

Lido onboarded PT-srUSDe Aave loops into their EarnUSD last week. Interestingly, LlamaRisk caps the discount rate for its Aave oracle at 10.22% for PT-srUSDe against 12.27% for PT-sUSDe (same October maturity). The senior earns the narrower band because its yield is floored and

3:26 AM · Aug 6, 2026 · 13.1K Views

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13 Replies · 12 Reposts · 84 Likes

LlamaRisk introduces LlamaGuardPT:

Aave@aave

Today, @LlamaRisk is introducing LlamaGuard PT, an automated risk oracle for Pendle PT collateral on Aave, built on @chainlink CRE. It computes the parameters risk stewards set by hand today, with step size caps, deviation gates, and minimum delays enforced onchain.

LlamaRisk @LlamaRisk

1/Introducing LlamaGuard PT: an automated risk oracle for Pendle PT collateral on @aave, built on @chainlink CRE. Markets move in seconds. Risk parameters move through days of analysis, proposal, vote & execution. LlamaGuard PT closes that gap without removing the guardrails.

3:01 PM · Aug 12, 2026 · 23.5K Views

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8 Replies · 16 Reposts · 148 Likes

Fixed borrow rate for PT-strUSD on Term:

Term Labs@term_labs

One click makes a loop easy. It doesn’t make the borrow rate fixed. When variable rates rise, a 25% headline can quickly collapse — or turn negative. Now live on Term: carry looping for the @pendle_fi PT of @tori_finance strUSD — with the financing rate locked through maturity.

2:41 PM · Aug 5, 2026 · 3.63K Views

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1 Reply · 9 Reposts · 39 Likes

The highest fixed yield in finance:

Pendle@pendle_fi

There is a place in crypto (it's @boros_fi + CrossEx by @Gate) where you can get up to 24.5% FIXED APR that's also DELTA NEUTRAL. Stupidly easy to set-and-forget with the CrossEx-Boros Terminal, which will cradle you like baby girl through the process, which takes ~5 mins - if

Pendle @pendle_fi

A fixed spread with zero price exposure (historically reached 20-40% APR) is now STUPIDLY EASY to execute thanks to this tool. And hey, if you have a @Gate account, you’re already halfway there 😉 Strategy Summary Long perp + short perp across venues to capture the funding

9:15 AM · Aug 10, 2026 · 21.2K Views

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6 Replies · 8 Reposts · 98 Likes

X Highlights

How Pendle PTs became one of the main TVL drivers of Morpho:

House of Chimera@HouseofChimera

Pendle PTs were built to lock in yield. On @Morpho, they’re also being used to unlock liquidity. 🔹 Roughly $176M in @pendle_fi PTs now sits as collateral on Morpho. 🔸 @aave holds around $48.9M. 🔹 About 57% of Morpho’s PT collateral is RWA-backed. So how did fixed-yield

3:00 PM · Aug 14, 2026 · 10.1K Views

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13 Replies · 17 Reposts · 71 Likes

PENDLE 💙

And in summary:

Smartmoney_Detective@NaveenCypto

$PENDLE will win - DeFi maturing into cash-flow driven, institutional-grade finance. - Pendle = benchmark for yield tokenization + fixed-rate + IR swaps. - 3 major tailwinds ... - Explosion of yield-bearing stablecoins (Pendle holds 25-30%) - Boros launch → capturing

Shaurya @Shaurya477

in the fork fest, copypasta industry that DeFi has become, Pendle stands out as a primitive you can't ignore. bullish $PENDLE

2:41 AM · Aug 16, 2026 · 3.67K Views

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5 Replies · 9 Reposts · 50 Likes

RWAs on Pendle:

Plume@plumenetwork

Real-world assets are the most exciting thing coming onchain in years. Learn how @pendle_fi is putting the composability of Plume assets to work for all of DeFi.

3:17 PM · Aug 12, 2026 · 30.5K Views

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19 Replies · 53 Reposts · 337 Likes

And last but certainly not least…a recommended itinerary for TOKEN2049 Singapore:

Pendle@pendle_fi

Breakfast - Mother Dough Bakery Lunch - Swee Guan Hokkien Mee Dinner - Long Beach Dessert - @tn_pendle See you all soon 🫡

TOKEN2049 @token2049

TN Lee (@tn_pendle) returns to TOKEN2049 Singapore. Co-Founder and CEO of @pendle_fi. He built the protocol that split yield from the assets that generate it, and turned it into one of DeFi's most technically serious teams. Tickets: https://t.co/wbs8M1arie

2:45 AM · Aug 14, 2026 · 9.02K Views

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9 Replies · 3 Reposts · 61 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.