Pendle Print #98
NVIDIA x 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.
New Pools
mHyperBTC (30 Apr 2026)
mHyperETH (30 Apr 2026)
gUSDC (25 June 2026)
savUSD (14 May 2026)
Important Highlights ✨
The first equity perps funding rate market is now live on Boros, starting with the world’s largest company:
We’re entering a new phase for RWAs. 2026 marks the transition from crypto-native rotations to the large scale onchain migration of offchain securities.
Tokenization alone offers limited utility. The real value is unlocked through second-order yield financialization - stripping, pricing, and trading yield to form entirely new derivative markets that are impractical within today’s TradFi structures.
Pendle is purpose built as the yield infrastructure layer to support this shift:
ICYMI gentle reminder to handle your maturity affairs!
PENDLE on Grayscale’s list of “Assets Under Consideration”:
PSA: If you ever held YT/LP in the upBTC or other Mezo pools, please remember to register claim your $MEZO airdrop:
Pencosystem
Already 90% filled and counting so better hurry up!
And for the Strata PT-srUSDe fans, the Morpho markets already now up and running for Apr 2026 maturity:
Cap increased to $200M for sNUSD (5 Mar 2026):
Pendle swaps now integrated on OpenOcean:
Extra incentives for YU-mHyperBTC yummmmm 😋
Start using Scale Order to scale your well…orders:
Boros
New ETH maturities, expanding your list of selection for cross-venue funding rate arbitrage:
$206M OI and counting, with plenty more exciting markets on the way soon!
Even scaling to just 1% of the TAM means a 10x growth for Boros at this point so yes, DeFi Dad may have a point here…
IVEN with the funding slam dunk:
DarkLord revealing her Boros secrets:
Bullish for Q1? Here’s how to position with Boros:
Intern Insights
The 2nd largest protocol on the leading neobank chain:
Volatility is not a bug here. It’s a feature.
X Highlights
From 4.6% to 20% APR:
Why you should really start looking into Scale Order on Pendle:
Pendle is positioned to be the main fixed-yield infra for crypto neobanks:
You can’t be bullish for perps without being bullish for Boros too:
14% profit AND you get to walk away with some points (i.e. Strata airdrops) in April too:
ATH locked supply for vePENDLE and I have a feeling this might get even higher soon…
And last but certainly not least…
Tomorrow.
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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