Pendle
Pendle is a DeFi yield-trading protocol that splits assets into principal and yield tokens, letting users lock in fixed yield or trade future yield.
What is Pendle?
Pendle is a DeFi yield-trading protocol that splits yield-bearing assets into principal (PT) and yield (YT) tokens. Users can lock in a fixed yield on staked ETH, restaking tokens, and stablecoins, speculate on yield direction with YT, or provide AMM liquidity. The Boros product extends this to off-chain rates like perp funding with margin and leverage, and Pendle runs across Ethereum, Arbitrum, Base, Optimism, and BNB Chain.
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Pendle alternatives
Explore web3 competitors and apps like Pendle.
Midas
Mellow Protocol
Spectra
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