allChained
PENDLEReal-World Asset
View source ↗
Value of backing
$1.41B
30D change
0.0%
Yield
None
NAV
5.0000
Management fees
0.00%
Minimum
$0
Redemption
Secondary market only
Launched
01 Jun 2021
Field coverage 96%Primary-source or on-chain verified 0% of tracked metrics0/1 source documents analyst-verifiedLast reconciled 13 Nov 2026
Overview

What this product is

Governance and utility token of the Pendle yield-trading protocol.

Underlying asset
Pendle Protocol governance & revenue share
Asset class
Commodity
Product structure
Security Token
Legal structure
BVI Professional Fund
Issuer jurisdiction
Cayman Islands flagCayman Islands
Fund domicile
Cayman Islands flagCayman Islands
Base currency
USD
Launched
01 Jun 2021
Peer set

Comparable products

Products in the same asset class and currency. Yields are quoted on different bases, so check each one before comparing.

stETH3.20%10.00%$0$34.16B
ONDO0.00%0.00%$0$15B
wstETH3.50%0.10%$0$14.27B
WBTC0.00%0.00%$0$7.78B
weETH3.80%0.10%$0$7.17B
cbBTC0.00%0.00%$0$6.68B
XAUt0.00%0.25%$0$1.9B
Issuer

Who runs it

Pendle Financeglobal

Yield trading protocol.

Portfolio

Composition

  • PENDLE Protocol Value100.0%
Weighted average maturity
0 days
Backing
Attestation

Asset backing

What each token represents in physical terms.

  • PENDLE Protocol Value100.0%
Backing

Physical backing

Unit backing
Valuation
Location
Not disclosed

On-chain history begins 08 Oct 2026 and covers 37 days of readings.

AUM
$1.41B

Assets under management

+0.0% over 37 days held
Yield
0.00%

Yield history. No yield

No on-chain history recorded for this series yet.
NAV
5.0000

NAV per token

No on-chain history recorded for this series yet.
Movement

Recent daily movement

Net movement $0Over 37 daysChange 0.0%
Direction
13 Nov 2026$1.41B$00.0%
12 Nov 2026$1.41B$00.0%
11 Nov 2026$1.41B$00.0%
10 Nov 2026$1.41B$00.0%
09 Nov 2026$1.41B$00.0%
08 Nov 2026$1.41B$00.0%
07 Nov 2026$1.41B$00.0%
06 Nov 2026$1.41B$00.0%
05 Nov 2026$1.41B$00.0%
04 Nov 2026$1.41B$00.0%
Redemption
Terms

Contractual terms

Redemption frequency
Secondary market only
Dealing cut-off
N/A
Settlement
Instant on-chain (DEX swap)
Redemption fee
None
Secondary venues
Uniswap, Binance, OKX
Transfer restrictions
None — permissionless ERC-20.

These are contractual terms from the offering documents. Observed settlement performance and any discretionary accommodation by the manager are explicitly out of scope.

Assessment

Liquidity profile

Primary redemption
Secondary market only · Instant on-chain (DEX swap)
Off-hours exit
Constrained to N/A
Secondary market
Uniswap, Binance, OKX
Transferability
Freely transferable after compliance period
Exit fee
No redemption fee
Relationship graph

Operational dependency network

Every firm and system this product relies on. Select any of them to open its profile.

Every counterparty and system this product depends on to function. Each card links to that entity's own profile: the question worth asking of each is what happens to your position if it stops working.

Open in Ecosystem Graph →

Issuance & legal

Who is legally on the hook for this product.

Custody

Where the backing assets actually sit.

Markets & settlement

Where it trades and how value moves between venues and chains.

Edges marked derived are inferred from a structured field on this product that carries its own source; they are not independent confirmation of it. Edges without that mark were sourced separately from a disclosure naming both parties.

Deployments
Registry

Networks and contracts

Contract / asset id
EthereumPrimarypublic l10x808507121B…1B8da827100.0%
Counterparties

Service providers

If any of these has a problem, this product is affected.

Administrator
Pendle· global
Transfer agent
Not disclosed
Tokenization platform
Pendle· global
Oracle / attestation
chainlink
Access
Classification

Who may hold this

RetailEligible
AccreditedEligible
ProfessionalNot eligible
InstitutionalEligible
Minimum investment
$0
Allow-list required
No
Transfer restrictions
None — permissionless ERC-20.
Geography

Where it is available

United States flagUnited StatesAvailable
European Union flagEuropean UnionNot available
Singapore flagSingaporeAvailable
Switzerland flagSwitzerlandAvailable
Hong Kong SAR flagHong Kong SARAvailable
Explicit prohibitions

    Availability is limited to the jurisdictions in the coverage boundary. Absence here means not covered, not necessarily prohibited. This is a classification of the offering documents, not legal advice.

    Related intelligence

    6 events reference this product

    10 Nov 2026Market Structure
    Pendle: USDe fixed-term markets launch on Ethereum - 10 Nov 2026 - TradingView

    TradingView announcement detailing the deployment of USDe fixed-term yield markets on Ethereum via Pendle's protocol.

    Formalizing fixed-term yield structures for USDe on Ethereum enhances hedging mechanisms for decentralized debt and margin positions. It grants sophisticated allocators the ability to strip and trade principal and yield components, establishing a more mature yield curve for synthetic dollar assets.

    10 Nov 2026Market Structure
    Pendle Lists Four Fixed-Term USDe Markets on Ethereum - The Defiant

    Pendle has expanded its yield-trading infrastructure by listing four new fixed-term USDe markets on the Ethereum network, enabling yield tokenization and fixed-rate strategies for synthetic dollar assets.

    The expansion of fixed-term USDe markets on Pendle deepens on-chain interest rate derivative infrastructure, allowing institutional treasuries to lock in predictable yields on synthetic dollars. This integration increases capital efficiency and provides a formalized benchmark for decentralized fixed-income pricing.

    07 Nov 2026Adoption
    Pendle’s syrupUSDC and syrupUSDT Yield Up to 12.8% with Aave

    Pendle integrates Maple Finance's syrupUSDC and syrupUSDT yield-bearing tokens, enabling yields up to 12.8% through Aave integration.

    The integration of Maple's syrup-tokens into Pendle and Aave expands the composability and secondary liquidity of institutional private credit assets. This allows institutional allocators to optimize yield strategies and derivatives pricing on-chain, effectively bridging high-yield private credit with decentralized liquidity primitives.

    04 Nov 2026Product
    Pendle Launches Non-PT Asset Looping, Boosting ETH Staking

    Pendle Finance has introduced non-principal token asset looping functionality to amplify Ethereum staking yields and capital efficiency within its protocol.

    By introducing non-PT asset looping, Pendle deepens recursive leverage loops for yield-bearing assets, which can artificially inflate total value locked while exacerbating liquidation cascades during severe market drawdowns. For institutional allocators, this mechanic alters the risk-adjusted yield profile of underlying staking tokens by compounding smart contract and leverage wrapper risks.

    03 Nov 2026Product
    Pendle: Launches fixed-rate markets for real-world assets on Base

    Pendle Finance has expanded its fixed-rate yield infrastructure to Coinbase's Base network, bringing tokenized real-world asset markets to the layer-2 ecosystem.

    Deploying RWA fixed-rate markets on Base bridges institutional-grade yield sources (like tokenized treasuries) with a high-retail L2 environment, expanding addressable distribution channels. This infrastructure integration allows DeFi users to hedge or lock in yields on real-world assets, accelerating composability across emerging liquidity venues.

    02 Nov 2026Product
    Pendle Shares News of sUSDS Looping Now Live on PendleLoop - Cryptonews.net

    Pendle announces the deployment of sUSDS looping strategies on PendleLoop, expanding leveraged yield opportunities for stablecoin-backed yield tokens.

    Enabling leveraged sUSDS strategies on Pendle deepens on-chain credit yield optimization, directly impacting the velocity and depth of tokenized USDS liquidity pools. This creates higher composability for fixed-income primitives, though it introduces recursive leverage risks into the underlying stablecoin collateral structure.