The best crossed $1.42B in weekly trading volume – the highest ever.
Pendle loves shipping. We love receiving.
Sounds fair for everyone.
You know the job’s not done.
This is still just the beginning of the highest growth you’ve ever seen, so read this now:
1/ vePENDLE airdrops from now forever
The airdrop program isn’t ending in June after all.
Instead, rewards will now continue on an ongoing basis, as long as Pendle earns points, vePENDLE holders get their cut.
- Snapshot: 20th of each month at 00:00 UTC
- Distribution: Pro-rata, same method
- Sources: Points from YT fee deals
More protocols, more fees, more rewards.
vePENDLE holders eating good in the long term.
2/ Record-breaking week for Pendle
Pendle crossed $1.42B in weekly trading volume.
This was driven by the May 29 maturity event, where $1.6B in TVL reached maturity.
Some details:
- 35% of that TVL migrated into new Pendle pools, the best 7D retention ever
- $1.15B PT and $236M LP redemptions processed within a week
- TVL only dipped 11.7% (to $4.23B) and bounced back to $4.45B in days
- Ethena TVL barely budged: -6%, now already back to $2.73B
Pendle has now processed 27 maturity events, 7 of which were >$1B and the mechanisms always worked.
What’s changed since Pendle's early days?
Pendle’s shift toward stablecoins.
Now:
- 83% of TVL is in stables
- Yields are stable and demand is real
- PTs are used as collateral across Aave, Morpho, Euler...
As Pendle grows into a fixed yield marketplace for TradFi and DeFi alike, it’s positioning itself in a $140T global fixed income market.
3/ New pools launching again
Fresh markets on Ethereum & Base:
- Aave sGHO [28-AUG] on Ethereum
- Yearn aGHO [25-SEP] on Ethereum
- Alphagrowth rETH [18-DEC] on Base
4/ What’s hot on Pendle now?
Stablecoins
- sUSDf [25-SEP] (Ethereum): up to 18.48% LP-APY
- cUSDO [19-JUN] (Ethereum): 14.93% PT-APY
ETH
- uniETH [26-JUN] (Ethereum): 10.32% LP-APY
- weETHs [26-JUN] (Ethereum): 5.15% PT-APY
Trending
- USD(Midas) [31-JUL] (Ethereum): 11.55% PT-APY
- aUSDC [14-AUG] (Sonic): 6.97% PT-APY
5/ $1.5B+ PTs on Aave
DeFi trusts Pendle as collateral.
6/ Don't forget to farm @sparkdotfi points
- USDS LP is still the best pool to earn 25x Spark points with 5% APY
The mission continues.
New pools, more airdrops, better UX, more Pendle replies, and highest yields in DeFi.
Pendle
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