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
sBOLD 27NOV2025
Yearn ysyBOLD 27NOV2025
Liquity’s yield-bearing stablecoin, BOLD, is now on Pendle!
These two pools are auto-compounding vaults run by K3 Capital and Yearn respectively, which will help you reinvest and rebalance across Liquity’s Stability Pools for optimal returns.
Pools with Renewed Maturities
satUSD+ 11SEP2025
sYUSD 4SEP2025
Important Highlights 👀
Crypto Yield Curve
Just like in TradFi, where the yield curve drives bond pricing, risk assessment, and economic forecasting, Pendle is building DeFi’s on‑chain equivalent, complete with a fully functional yield curve and soon, the world’s first funding‑rate curve.
Why is yield price discovery foundational for a mature crypto economy?
How can Pendle enable price discovery on a micro and macroeconomic level?
And how do all of these tie into establishing an institutional-grade financial infrastructure to attract TradFi capital?
Read more 👇
$5B TVL Milestone
First Force NFT Mint
Deal’s already over but just as an FYI, top vePENDLE holders had the chance to participate in the TAC First Force NFT mint last week.
Moral of the story - pay attention to announcements for potential freebies and exclusive deals!
Trades of the Week 🔥
Pencosystem
PT looping on Morpho just became SO MUCH more powerful.
DAI borrowing is essentially “fixed rate” now since liquidity just will be added immediately when you borrow 🤯
More Morpho (More-pho?) update(s):
Pendle LP as collateral is now a reality 🤝
1-click, 1-transaction PT looping by DeFi Saver
Track your Pendle portfolio with Rotki:
Browse and hunt the best profit opportunities on Pendle with ease:
GAIB on Pendle: A Quick Guide 👇
Wallet connection powered by Reown Appkit:
Intern Insights
The world’s first funding rate curve:
More yield, more points with Pendle LP:
Can’t afford an RTX 5090? You can definitely afford this though:
X Highlights
vePENDLE feasting:
A DeFi genius who doesn’t buy YTs just told you he bought some, what you gonna do?
Pretty good.
Bet you didn’t know about this:
The DeFi Trinity:
Pendle = Stablecoin beta
And last but certainly not least… happy belated birthday to Pendle!
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 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.