Pendle is back in the top 10 TVL rankings, with TVL nearing $5B. Here’s everything you need to know from the week: 1/ @pendle_fi’s TVL is back in the top 10 after $3.8B matured on May 29. - $3.8B matured on May 29 - TVL dropped from $4.61B → $4.10B on day 1 (-11%) Within 7 days, TVL fully rebounded – marking the best post-maturity recovery in Pendle history. Nearly 50% of TVL now comes from sUSDe. Ethena grows → Pendle grows. 2/ Pendle launching 20+ pools again New Pools: - Yearn aGHO-USDf [25-SEP] (Ethereum) - reUSDe [18-DEC] (Ethereum) Relaunched Pools across Ethereum, Arbitrum, Base, Berachain, Mantle: - asdCRV, upUSDC, dWBTC, rsETH, eETH, eBTC, pufETH, weETHs, swETH, xsolvBTC, dUSDC, gUSDC, rETH, wstETH, uniETH - iBGT (Berachain), cmETH (Mantle), wcgUSD (Base) Everybody wants a piece of the Pendle pool party. 3/ What’s hot on Pendle now? Stablecoins: - USD(Midas) [31-JUL] – 21.35% LP-APY / 11.48% PT-APY ETH: - wstETH [25-DEC] – 6.03% LP-APY - pufETH [26-JUN] – 7.33% PT-APY Trending Markets: - csUSDL [31-JUL] – 11.04% PT-APY - sUSDe [25-SEP] – 7.78% PT-APY 4/ vePENDLE thesis continues to strengthen - 83% of TVL in stables - Sustainable 3–12% yields - $1.8B PTs as collateral across Aave, Morpho, Euler - $36M+ distributed to vePENDLE holders - Now includes airdrops from integrated protocols - YT fee increase from 3% → 5% (more fees to holders) 5/ Pendle is joining @convergeonchain Pendle Institutional is coming. Bringing yield rails to tokenized RWAs, fixed income products, and institutional capital flows. Pendle will be one of the first apps going live on Converge. Oh, and don’t forget to shout out to @imkenchia for delivering the 70th edition of Pendle Print. Nobody’s doing it better. Pendle? - Highest yields in DeFi - Best rebound ever - Top 10 in TVL Pendle.
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