Pendle Print #125

Tokenized Stock Dividends on 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 ✨

Pendle goes live on Robinhood Chain:

Pendle@pendle_fi

Pendle is live on Robinhood Chain by @RobinhoodCrypto This means Robinhood Chain users can now lock in fixed yield, take leveraged exposure to the yield of their favourite coins, or earn fees & rewards by providing liquidity. We're excited to be building on one of the most …

2:14 AM · Sep 7, 2026 · 142K Views

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59 Replies · 77 Reposts · 552 Likes

Enabling trading of tokenized stock dividends onchain:

Pendle@pendle_fi

Tokenized stock dividends have arrived on Pendle. Introducing $NVDA (Oct 2026) and $PFE (Dec 2026) on @RobinhoodCrypto. Will you buy these stocks at a discount? Or do you want leveraged exposure to the dividends?

1:00 PM · Sep 9, 2026 · 56.6K Views

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40 Replies · 55 Reposts · 388 Likes

PENDLE buyback hits another milestone - $4M total YTD:

Pendle@pendle_fi

In just ~7 months, $PENDLE buyback has already passed 2.8M ($4M) 🔥 Every $PENDLE is acquired from the open market, then distributed fully back to sPENDLE stakers. Emission is also down 78% since the start of the year, translating to ~0.5% annual inflation vs. >1.5% buyback YTD

1:49 AM · Sep 14, 2026 · 2.47K Views

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5 Replies · 3 Reposts · 41 Likes

Important highlights from an eventful August:

Pendle@pendle_fi

Some highlights from August: • Launched the Pendle Ecosystem USDC vault on @MorphoLabs, co-curated with @wintermute_t Armigate, allocating across selected PT markets (6.11% APY total) • Released Arbitrage with CrossEx on Boros, turning a full funding rate arbitrage strategy …

2:10 AM · Sep 3, 2026 · 20.6K Views

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13 Replies · 19 Reposts · 94 Likes

Strategy Highlights 💰

Up to 26.6% APR up for grab with funding rate Arbitrage with CrossEx:

Top PT Fixed APYs:

• PT-sUSDS 26-NOV | 4.85% Fixed APY | $50M fills at 4.63% Effective APY | Loopable on Morpho

• PT-AUSD 8-OCT | 6.25% Fixed APY | $25M fills at 5.90% Effective APY | Loopable on Morpho, Euler, Aave & Curvance

• PT-sUSDD 26-NOV | 5.32% Fixed APY | $20M fills at 5.11% Effective APY

New Pool Highlights

• NVDA (15 Oct 2026) on Robinhood

• PFE (10 Dec 2026) on Robinhood

• sNET (17 Sep 2026) on Robinhood

• SHROOM (24 Sep 2026) on Robinhood

• microduck (24 Sep 2026) on Robinhood

• sNUKE (24 Sep 2026) on Robinhood

• sGOV (19 Nov 2026) on Robinhood

• USDx (3 Dec 2026) on Ethereum

• sUSDx (3 Dec 2026) on Ethereum

• xGLD (17 Dec 2026) on BNB Chain

Pencosystem

Saturn USDat now gets additional 0% → 3% APR from T-Bill yield:

Pendle@pendle_fi

Your @saturn_credit USDat just got infinitely better, mathematically speaking. From 0% APY, to now receiving 3% APR from its undelying T-Bill exposure - plus the same Saturn points you've been earning. Details below 👇

3:01 PM · Sep 9, 2026 · 8.36K Views

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11 Replies · 11 Reposts · 98 Likes

You can now supply PT-USDG to Aave via OKX DeFi Earn for up to 3.5% APR rewards:

OKX@okx

PT-USDG is now accepted as collateral on @aave V3, connecting @pendle_fi’s fixed-yield market with lending on X Layer. More utility for USDG across DeFi, with up to 6.8% APY for a limited time. Explore on @wallet: https://t.co/QprUHgkh8g

9:01 AM · Sep 1, 2026 · 98.9K Views

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25 Replies · 16 Reposts · 97 Likes

LlamaGuard PT goes live on Aave:

LlamaRisk@LlamaRisk

The first protocol-owned risk oracle is live on @aave. Built by LlamaRisk. Powered by the @chainlink Runtime Environment (CRE). Owned by Aave. It dynamically manages Pendle PT collateral risk. First on Aave v3 Ethereum. Coming soon to all Aave PT markets. Let's gho 👻

8:10 PM · Sep 2, 2026 · 74.5K Views

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13 Replies · 41 Reposts · 256 Likes

An amazing community-built sPENDLE/PENDLE dashboard:

Shaurya@Shaurya477

Today I'm excited to share Penconomics - a free, open-source dashboard that helps visualize @pendle_fi's protocol metrics for token holders and stakers. With this, I sought to answer certain questions for myself: 1. What's the distribution b/w sPENDLE and vePENDLE overhang? 2. …

8:39 AM · Sep 12, 2026 · 8.53K Views

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18 Replies · 13 Reposts · 77 Likes

Intern Insights

Last week, TN hopped into a call with some of Pendle’s most eminent investors to give them an update the state of things at Pendle.

Intern turned the call into a 3-min summary for all of us:

Easiest +78%?

Pendle Intern@PendleIntern

0x87c only did 2 things in the @NetNetCap market: 🔹Buy YT 🔹LP 3 days later, they're up +78% 🤷‍♂️

7:00 AM · Sep 8, 2026 · 5.69K Views

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10 Replies · 5 Reposts · 53 Likes

X Highlights

A collection of all the important Pendle updates/milestones:

On Pendle maintaining relevancy and top mindshare:

Cheeezzyyyy@0xCheeezzyyyy

.@pendle_fi always standing on business with the latest meta. Expect many more pairs to come as tokenised stock season continues to accelerate across @RobinhoodCrypto + the broader RWA-Fi landscape. One thing Pendle has consistently done incredibly well is remain relevant…

Pendle @pendle_fi

Tokenized stock dividends have arrived on Pendle. Introducing $NVDA (Oct 2026) and $PFE (Dec 2026) on @RobinhoodCrypto. Will you buy these stocks at a discount? Or do you want leveraged exposure to the dividends?

3:22 AM · Sep 10, 2026 · 6.94K Views

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30 Replies · 19 Reposts · 116 Likes

The biggest beneficiaries of stablecoin growth:

Capy Research@Capy_Research

Stablecoins are a $305.6B market. Four projects offer very different ways to capture that growth. Here is how I would map Sky, Ethena, Aave and Pendle as of September 7, 2026. 1. @SkyEcosystem: earn the spread Sky earns interest and income from the assets and credit supporting …

4:37 PM · Sep 7, 2026 · 7.17K Views

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25 Replies · 6 Reposts · 79 Likes

A peek behind the closed door meeting with Pendle team:

🉐 Crypto Linn@crypto_linn

call with Pendle team last night hits me every time how meticulous their approach is @tn_pendle and team systematically cover off all current metas always interpreting where the markets are headed providing exactly what is needed AND what WILL be needed incredibly simple one…

Pendle @pendle_fi

tokenized stock dividends

6:30 AM · Sep 8, 2026 · 16.2K Views

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17 Replies · 14 Reposts · 106 Likes

And last but certainly not least…guess PENDLE is AI now:

Pendle Intern@PendleIntern

ran out of claude tokens so had to get creative with pendle AI

2:39 AM · Sep 14, 2026 · 1.2K Views

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2 Replies · 8 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.