Chains
5
Stablecoins
6
Features
5
About
Pendle splits yield-bearing tokens into principal and yield components, enabling users to trade future yield. Its most popular markets are stablecoin yield tokens — sDAI, sUSDe, sfrxETH-backed stablecoins, and tokenized treasury yields. Pendle allows users to lock in fixed stablecoin yields or speculate on variable rates.
Stablecoin Relevance
The primary venue for stablecoin yield trading. Pendle markets for sDAI, sUSDe, and tokenized treasuries represent billions in TVL, making it a key protocol for stablecoin yield management.