Pendle is a permissionless yield tokenization protocol that splits yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT), enabling fixed-yield strategies and yield trading on-chain.
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Updated
Aug 16, 2026
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yield-tokens
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Pendle Finance is a decentralized yield-trading protocol that tokenizes future yield by stripping yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT) wrapped in a Standardized Yield (SY) layer.
evm amm defi apis-json fixed-yield boros yield-trading yield-stripping principal-tokens yield-tokens standardized-yield perpetual-yield vependle
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Updated
Aug 16, 2026
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