Pendle Finance

Credit · Fixed Income · PENDLE

NetworkCreditFixed Income3 coinsVerified

Pendle tokenizes yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT), creating an on-chain market for fixed-rate yield and yield speculation/hedging. Pendle V2's specialized AMM and vote-escrowed vePENDLE coordinate liquidity across dozens of maturity-dated yield markets, and Boros extends the model to funding-rate trading.

Tokenized yield — split principal and yield (PT/YT).

Protocol TVL

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-1.6% 24h

Latest data · 15 min delay

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Tag-specific metrics

Curated metrics for each credit tag on this network.

Fixed Income

TVL

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Pending live refresh

Fixed APY

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Pending live refresh

Implied yield

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Pending live refresh

Mechanism

PT/YT yield split (tokenized yield markets)

Maturities

Varies per market (1–12 months)