Pendle is the ultimate yield market in DeFi – fixed yields, floating yields, leveraged yield trading, “yield-neutral” liquidity provision.
The objective of The Pendle Print is to distill the developments in DeFi yield markets into a succinct and actionable format.
New Pools
sGHO 28AUG2025
Aave’s stablecoin savings product, sGHO, is now on Pendle!
8.14% of pure GHO yield, but you know what’s better?
PT-sGHO. In both cases, you’re just getting more GHO, but with PT you can secure ~9.03% Fixed APY now - higher than the native rate.
USDC-Silo Apostro 18DEC2025
S-Silo Varlamore 18DEC2025
USDC-Silo Varlamore 18DEC2025
New Silo Vaults pools which let you earn triple yield from interest, SILO rewards, and SILO + SONIC points 👇
YU 4SEP2025
iUSD 4SEP2025
Important Highlights 👀
Spark Ignition Airdrop
Yield Breakdown on UI
Trades of the Week 🔥
0x4f7 bought $9.4M worth of PT-sUSDe 31JUL2025
0x8de bought $10.1M worth of PT-sUSDe 31JUL2025
0x9bb bought $6.1M worth of PT-USDS 14AUG2025
0xcb8 bought $5M worth of PT-eUSDE 14AUG2025
0x087 bought $3.7M worth of PT-eUSDE 14AUG2025
Pencosystem
KYC-ed Pendle for institutions coming to you soon:
PT-USN looping for up to ~57% ROE on Euler:
100% Buff (i.e. multiplier) for tETH? That’s nuts!
Posting this to manifest it 🤞
Intern Insights
All the TVL from maturity outflow has been recovered, and more:
Sky Savings Rate = 4.5% APY
PT-USDS = 8.14% Fixed APY
PT looping = 31.49% APY
Win win win for Pendaavethena:
Why pay a dollar for a dollar when you can pay less?
It’s natural to be drawn to newer, shinier “airdrops” but Ethena is still one of the best, if not the best, in the business 👇
A quick crash course on last minute YT buys, and how it works and why it works:
Is Pendle the DeFi c*nt?
X Highlights
Pendle = the picks and shovels of stablecoin
The evolution of Pendle:
Crypto Buffet would have been a Pendie:
Hot sale for YT-sKAITO?
Top 10 TVL 🤝
The “TradFi” beta plays:
Imagine…
Last but certainly not least…our glorious leader had been busy over the weekend hehe 😉
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.
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