The Pendle Print

Boros Broadcast #14

Boros Intern — Tue, 03 Nov 2026 08:02:30 GMT

Boros is the first and only funding rate swap market in DeFi – built for traders who want to take a view on where the rates are going, or hedge the exposure you already have.

The Boros Broadcast covers the funding rate landscape: the current rate environment, what the macro is doing to them, and where the opportunities are.

Key Updates

Our spread markets recently hit $105m OI, and we’re launching new maturities till 25 Dec:

Get instant trading opportunity pings on Boros with our TG bot:

Come lock in more high yields with our December ETH/BTC maturities:

Strategy Highlights

How to max long the bottom with Boros:

Only place you can get 30% APR on size:

@boros_fi 🌍 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-20T02:00:29.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HVCfB8NbUAAeNkL.png","link_url":"https://t.co/YtMfRfKpdZ"}],"quoted_tweet":{},"reply_count":25,"retweet_count":22,"like_count":306,"impression_count":59371,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

How the long spread trade printed $21.9k for 0x0DF:

Why you don’t need size to make bank on Boros:

You can clip in size on ETH spread markets easily now:

Xiaomeng’s in-depth guide to 30% fixed APYs with Boros:

2 steps for 24% yield with Boros:

@boros_fi spread markets\n\nStep 1) Set up a delta-neutral floating spread\n\nIf you short ETH on Hyperliquid + long ETH on Gate, you capture the spread between the two funding rates while staying delta-neutral.","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2095394331477909504/cTkCIV-F_normal.jpg","date":"2026-10-29T08:24:44.000Z","photos":[],"quoted_tweet":{"full_text":"2 weeks after launch, our spread markets are now sitting on $105m OI, the fastest growth of any new Boros market.\n\nNow we’re launching more maturities to help you capture crypto’s most profitable gap now.\n\nSell the spread for ~25-30% APR, or long it for ~1.4x returns? Your https://t.co/eKHfMZluZa","username":"boros_fi","name":"Boros","profile_image_url":"https://pbs.substack.com/profile_images/1906987186106564608/Gl_qyE3U_normal.jpg","photos":[{"img_url":"https://pbs.substack.com/media/HVsmk16XYAATXiN.jpg","link_url":"https://t.co/eKHfMZluZa"}]},"reply_count":9,"retweet_count":1,"like_count":24,"impression_count":2293,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

2 clicks for 31.33% on Boros:

Until next time.

The market rewards those who pay attention. Thanks for being one of them 💜

And if you found The Boros Broadcast useful, why not spread the love?

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Boros is the first and largest rate swap protocol for funding rates in DeFi. With Boros, users are able to secure fixed funding rates, hedge against funding rate movements and directionally trade funding rate movements on crypto’s ever-growing perpetuals markets.

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Pendle Print #128

Dillon Yap — Mon, 26 Oct 2026 10:03:36 GMT

Pendle is the ultimate yield market in DeFi – fixed yields, leveraged yield + points trading, and funding rate swaps (via Boros).

The objective of The Pendle Print is to distill the developments in DeFi yield markets into a succinct and actionable format.

Subscribe now

Important Highlights ✨

PendleLoop is live. Long or short any token with leverage, tokenized stocks included, or loop yield that has nothing to do with Pendle PTs, like sUSDe, in one click:

P.S. You can Loop to Long Base stocks with PendleLoop to enjoy extra incentives, claimable on Merkl:

@base tokenized stocks onchain, powered by @aave markets.\n\nEnjoy incentives when you Loop to Long these stocks, claimable on @merkl_xyz ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-23T02:00:05.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HVR75Z9aoAEBRnm.jpg","link_url":"https://t.co/SY2bjIRq3x"}],"quoted_tweet":{},"reply_count":17,"retweet_count":26,"like_count":193,"impression_count":29077,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":false}" data-component-name="Twitter2ToDOM">

Boros launches Spread Markets, allowing traders to long/short cross-venue funding rate gaps:

@boros_fi from the ground up, our team has spent more time obsessing…","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-15T02:16:34.000Z","photos":[],"quoted_tweet":{"full_text":"The most iconic trades of past cycles came from huge inefficiencies across markets. Any trader would go back in time for them, but those premiums are long gone.\n\nThe same opportunity lives on in perp funding rates, tradable now on our new Spread Markets.","username":"boros_fi","name":"Boros","profile_image_url":"https://pbs.substack.com/profile_images/1906987186106564608/Gl_qyE3U_normal.jpg","photos":[]},"reply_count":10,"retweet_count":21,"like_count":163,"impression_count":13231,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

New Pendle Ecosystem vault on Morpho, with a wider mandate across PT markets for a higher yield:

@Morpho 🦋\n\nCo-curated by Pendle and Armitage, @wintermute_t's vault curation arm.\n\nThis vault will run alongside the Pendle Ecosystem USDC vault, with a wider mandate across PT markets targeting a higher yield ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-14T13:11:33.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HUl_RuCboAAP05I.jpg","link_url":"https://t.co/LxTeeSlwx6"}],"quoted_tweet":{},"reply_count":10,"retweet_count":21,"like_count":148,"impression_count":23558,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Over 30% fixed, delta neutral, and a $1M position that earns like $12M. Only on Boros:

RWA Insights

RWA Insights continues with Franklin Templeton’s Chetan Karkhanis on how Benji started and what it takes to scale tokenized funds:

@tn_pendle speak with Chetan Karkhanis, Senior VP at @FranklnTempletn's FIRST group for Asia Pacific, on how Benji started, what it will take to scale tokenized funds, and where Asia is heading in RWAs.\n\nFull video and written summary 👇 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-14T00:01:33.000Z","photos":[{"img_url":"https://substackcdn.com/image/fetch/$s_!3viK!,w_1028,c_limit,f_auto,q_auto:best,fl_progressive:steep/l_play_button_usfui2,w_88,e_colorize:0/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F__ss-rehost__tw-video-preview-13_2110158760203472896.jpg","link_url":"https://t.co/pDRnuclmkx"}],"quoted_tweet":{},"reply_count":12,"retweet_count":14,"like_count":105,"impression_count":21134,"expanded_url":null,"video_url":"https://video.twimg.com/amplify_video/2110158760203472896/vid/avc1/1280x720/OTqUC3SlqUKs2Rq5.mp4","video_preview_media_key":"13_2110158760203472896","belowTheFold":true}" data-component-name="Twitter2ToDOM">

And Janus Henderson’s Nick Cherney on why a $500B manager moved on chain and what comes next for RWA:

@centrifuge deJAAA (26 Nov 2026 maturity).\n\nTo mark it, @tn_pendle sat down with Nick Cherney, Head of Innovation …","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-21T09:00:18.000Z","photos":[{"img_url":"https://substackcdn.com/image/fetch/$s_!qyuV!,w_1028,c_limit,f_auto,q_auto:best,fl_progressive:steep/l_play_button_usfui2,w_88,e_colorize:0/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F__ss-rehost__tw-video-preview-13_2112828720339886080.jpg","link_url":"https://t.co/Odbfl6BB5O"}],"quoted_tweet":{},"reply_count":22,"retweet_count":18,"like_count":120,"impression_count":17062,"expanded_url":null,"video_url":"https://video.twimg.com/amplify_video/2112828720339886080/vid/avc1/1280x720/n4ROqz-pVWzMoApo.mp4","video_preview_media_key":"13_2112828720339886080","belowTheFold":true}" data-component-name="Twitter2ToDOM">

Top Stablecoin Fixed APYs

PT-reUSDe 10-DEC | 19.09% | $4.6M pool liquidity
PT-apyUSD 5-NOV | 16.04% | $18.2M pool liquidity | Loopable on Morpho, up to 77.5%
PT-USD3 17-DEC | 15.54% | $6.1M pool liquidity | Loopable on Morpho, up to 43.2%
PT-reUSD 10-DEC | 12.09% | $13.3M pool liquidity | Loopable on Morpho, up to 40.3%
PT-sUSDS 26-NOV | 5.45% | $25M fills at about 5.2% Effective APY | Loopable on Morpho

New Pool Highlights

deJAAA (26 Nov 2026), Centrifuge’s tokenized Janus Henderson AAA CLO strategy
FLHYon (10 Dec 2026), Ondo’s tokenized Franklin Templeton high yield corporate bond ETF
PPLUS (Jan 2027), Bitwise’s leveraged RWA credit vault run on Ember
GOOGLc (24 Dec 2026) and NVDAc (7 Jan 2027), Coinbase Tokenized Stocks on Base, with $20K USDC LP incentives per pool
PAXGy (28 Jan 2027), Paxos Labs’ gold-backed token
SuperNVDA (8 Apr 2027) on Base
SuperTSLA (8 Apr 2027) on Base
apxUSD and apyUSD (10 Feb 2027) on Ethereum
srUSDe and jrUSDe (25 Feb 2027) on Ethereum, rolling over from the 22 Oct maturities

Pencosystem

Pendle’s implied rates are now a live input to Aave’s risk parameters, starting with PT-AUSD on Monad and powered by LlamaRisk:

@aave’s risk parameters.\n\nPT-AUSD-17DEC2026 on @monad prices and adjusts collateral settings off the actual market, automatically and within governance-set bounds, powered by @LlamaRisk","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-16T02:48:55.000Z","photos":[],"quoted_tweet":{"full_text":"Risk management at scale\n\nPT-AUSD-17DEC2026 on @Aave V3 @Monad is live with dynamic risk parameter updates, enabling a market priced to @Pendle_fi’s implied rates.\n\nPowered by LlamaGuard.","username":"LlamaRisk","name":"LlamaRisk","profile_image_url":"https://pbs.substack.com/profile_images/1986066877450264577/UtZAL5LV_normal.jpg","photos":[]},"reply_count":5,"retweet_count":14,"like_count":89,"impression_count":7288,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

The Pendle x Wintermute High Yield USDC vault is now allocating to 3Jane’s PT-USD3 market on Morpho, where borrow APY sits at 3.9% against 7.2% in the older market:

@pendle_fi x @wintermute_t $30M High Yield USDC vault is allocating, marking the 7th @Morpho vault to accept USD3 as collateral\n\nBorrow APY currently 3.9% vs 7.2% in the existing market\n\nLocked and loaded for any potential cap raises 👁️ ","username":"3janexyz","name":"3Jane","profile_image_url":"https://pbs.substack.com/profile_images/1855601013178486784/49WOQA5S_normal.jpg","date":"2026-10-20T12:47:02.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HVEzM75bsAA9inM.jpg","link_url":"https://t.co/GnRiIzrHFd"}],"quoted_tweet":{},"reply_count":5,"retweet_count":5,"like_count":67,"impression_count":6250,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Beefy and ZyFAI have both plugged into the Pendle Ecosystem vaults on Morpho:

@Morpho:\n\n@beefyfinance: Autocompounds the rewards back into the vault position\n\n@Zyfai_: Agentic finance where AI allocates USDC across DeFi such as whitelisted Morpho vaults (including Pendle …","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-16T03:54:14.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HUuS5QrbkAASAGB.png","link_url":"https://t.co/fdcDDQmMNk"},{"img_url":"https://pbs.substack.com/media/HUuS5Y4bcAAm6BO.png","link_url":"https://t.co/fdcDDQmMNk"}],"quoted_tweet":{},"reply_count":17,"retweet_count":17,"like_count":145,"impression_count":8418,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Trade YT-STRCx for two weeks and earn a share in 10,000 PENDLE:

@xStocksFi YT-STRCx 💵\n\nFor the next 2 weeks, market buy or sell YT-STRCx and earn a share of 10,000 PENDLE.\n\nYep - that means you can earn while you earn. ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-13T13:01:26.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HUgzXwdb0AA_H8d.jpg","link_url":"https://t.co/cqSUHzylc7"}],"quoted_tweet":{},"reply_count":46,"retweet_count":10,"like_count":131,"impression_count":11472,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Signo adds maturity alerts and signed rollover plans for your PTs:

@signo_fi makes Pendling simpler than before.\n\nP.S. Congrats on the Dev Day wins 🫡","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-21T04:59:40.000Z","photos":[],"quoted_tweet":{"full_text":"We took Signo live at @OKX Dev Day in Singapore.\n\nOut of ~30 finalist teams:\n\n🥇 1st place, Partnership track (AI x RWA): Signo x @agamafinance\n🥈 2nd place, AI track: Signo\n\nAgents for every DeFi position, watching 24/7. Here's what we built 🧵","username":"signo_fi","name":"Signo","profile_image_url":"https://pbs.substack.com/profile_images/2104975889670995968/Ub_BXRjz_normal.jpg","photos":[]},"reply_count":9,"retweet_count":16,"like_count":74,"impression_count":6735,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Swap any token into any PT or YT directly on Pendle, powered by 0x:

@0xProject","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-23T00:17:28.000Z","photos":[],"quoted_tweet":{"full_text":"Pendle is now routing through 0x.\n\nAny token in, any Pendle position out. With this 0x integration, @pendle_fi users can zap into PTs and YTs from whatever they're holding, with better prices and even fewer steps.\n\nAction items: none.\nEnjoy smoother trades with Pendle x 0x.","username":"0xProject","name":"0x","profile_image_url":"https://pbs.substack.com/profile_images/1648876222372532224/7xD43_33_normal.jpg","photos":[{"img_url":"https://pbs.substack.com/media/HVQFcR7a0AAifAA.jpg","link_url":"https://t.co/K6kpErggx8"}]},"reply_count":5,"retweet_count":8,"like_count":69,"impression_count":5637,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Agents on Priors can now back their line with PT-USDG and borrow USDG against it:

@pendle_fi. borrow usdg against it, keep working 🌿\n\nfinishing next\n\n• jobs get their own home in go mode\n• a directory of every erc-8004 agent, and where each one comes from, more soon\n\ngo.priors.trade \n\n$PRIORS…","username":"priors_trade","name":"Priors","profile_image_url":"https://pbs.substack.com/profile_images/2102911413337329664/QFqh9hJ-_normal.jpg","date":"2026-10-17T23:58:35.000Z","photos":[],"quoted_tweet":{"full_text":"Agentic finance, powered by Pendle fixed yield 🤝\n\nYou can now swap USDG into PT-USDG in Go mode on Priors in one tap (with gas covered) to earn a fixed yield.\n\nNext up - PT-USDG backing credit lines for AI agents that borrow USDG, sell paid services like data/API calls to other","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","photos":[]},"reply_count":10,"retweet_count":16,"like_count":95,"impression_count":5349,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Intern Insights

Over $450M in PTs now sit as DeFi lending collateral, with Morpho holding about 68% of it:

@Morpho has taken the lead with ~68% of total supply\n\nMost popular PT collateral include:\n📌 PT-reUSD → $163m\n📌 PT-AUSD → $51m\n📌 PT-USDat → $47m\n📌 PT-USDG → $43m\n📌 PT-USD3 → $33m\n\nLendle (Pendle Lending haHA) ","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2095394331477909504/cTkCIV-F_normal.jpg","date":"2026-10-21T00:00:19.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HVHL1nwbAAA-ziS.jpg","link_url":"https://t.co/3eDwmFrPCi"}],"quoted_tweet":{},"reply_count":7,"retweet_count":4,"like_count":40,"impression_count":3255,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

X Highlights

A look at PendleLoop’s one-click looping, with a 69% annualized example:

Alea Research on Q3 buybacks, with 3.2 PENDLE bought for every 1 paid out in incentives, double Q2:

Why STRCx works so well as a tokenized stock in DeFi:

@pendle_fi:\n- TVL: $39M ($5M in liquidity in the +/-10%)\n- Volume: $500k per …","username":"mattdotfi","name":"matt","profile_image_url":"https://pbs.substack.com/profile_images/2108583811919360000/aU9uFP_b_normal.jpg","date":"2026-10-16T09:23:46.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HUveTW-XwAAezdl.jpg","link_url":"https://t.co/sr8LfgNdMc"},{"img_url":"https://pbs.substack.com/media/HUveTW-WsAAw_Fo.jpg","link_url":"https://t.co/sr8LfgNdMc"},{"img_url":"https://pbs.substack.com/media/HUveTW9XUAAvCYV.jpg","link_url":"https://t.co/sr8LfgNdMc"}],"quoted_tweet":{},"reply_count":15,"retweet_count":20,"like_count":222,"impression_count":47606,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Tokenized stocks sitting in DeFi went from 1.7% in January to 6.5%, with Pendle among the top venues:

@Uniswap, @kamino and @pendle_fi. …","username":"DarkLord_gr","name":"DarkLord_gr | DeFi Dojo","profile_image_url":"https://pbs.substack.com/profile_images/2033267619185545216/tGSvLAuI_normal.jpg","date":"2026-10-18T00:00:13.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HU3wgu_bMAA267q.jpg","link_url":"https://t.co/BEgqatGcfK","alt_text":"Tokenized stocks in DeFi: 1.7% to 6.5%"}],"quoted_tweet":{},"reply_count":3,"retweet_count":4,"like_count":22,"impression_count":1454,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Crypto Linn’s rundown of everything Pendle added this week:

And last but certainly not least…seems only right.

That’s it for this issue.

Attention and capital is scarce in this market – and for that we thank you for your continuous support.

If you found The Pendle Print useful, why not spread the love?

pendle.finance | Twitter | Discord

Pendle is the largest rate swap protocol for fixed yields and yield trading in DeFi. Pendle’s adoption as a DeFi primitive has been growing across protocols and institutions to generate more yield, secure fixed yields and directionally trade yield on yield-bearing DeFi assets.

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Boros Broadcast #13

Boros Intern — Tue, 20 Oct 2026 10:10:33 GMT

Boros is the first and only funding rate swap market in DeFi – built for traders who want to take a view on where the rates are going, or hedge the exposure you already have.

The Boros Broadcast covers the funding rate landscape: the current rate environment, what the macro is doing to them, and where the opportunities are.

Key Updates:

We launched out first two spread markets, opening up a whole new yield vertical in DeFi:

Our Nov/Dec maturities for BTC/ETH are live:

Renzo Finance uses Boros’s market data to calculate yields and performance across basis trades in crypto:

@boros_fi market data to project yields and calculate breakeven performance across the $BTC, $ETH and $HYPE basis trades.\n\nMore data, better performance.\n\napp.renzofinance.com ","username":"RenzoFinance","name":"RenzoFinance","profile_image_url":"https://pbs.substack.com/profile_images/2097532725112774656/-wPxlG6o_normal.jpg","date":"2026-10-12T19:50:27.000Z","photos":[{"img_url":"https://substackcdn.com/image/fetch/$s_!XKal!,w_1028,c_limit,f_auto,q_auto:best,fl_progressive:steep/l_play_button_usfui2,w_88,e_colorize:0/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F__ss-rehost__tw-video-preview-13_2109733420775645184.jpg","link_url":"https://t.co/5VubEZCcST"}],"quoted_tweet":{},"reply_count":4,"retweet_count":8,"like_count":51,"impression_count":6594,"expanded_url":null,"video_url":"https://video.twimg.com/amplify_video/2109733420775645184/vid/avc1/1280x720/xaJu4nR7Kr503zEr.mp4?tag=16","video_preview_media_key":"13_2109733420775645184","belowTheFold":true}" data-component-name="Twitter2ToDOM">

Strategy Highlights:

How funding rate spreads create an infinite money glitch:

Longing oil out of rollovers = free trade opportunity?

Pendle Intern breaks down how to earn 20% in a month via longing spreads on Boros:

See how 0x87C has earned $23.8k in just 3.5 months with funding rate arbitrage with Boros:

Gilmo explains how spread markets work:

@boros_fi.\n\nNiche markets are now trending in DeFi, including the latest hype on 1000x from Papertrade.\n\nThe first look into Spread Markets:\n\n+ Funding rates differ across perp venues like Hyperliquid, Binance, and Lighter.\n\n+…","username":"0xgilllee","name":"Gilmo","profile_image_url":"https://pbs.substack.com/profile_images/1829957285864407040/cFnweOvM_normal.jpg","date":"2026-10-20T06:18:01.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HVDaKosbQAAIaue.jpg","link_url":"https://t.co/FwhrJUiO0E"}],"quoted_tweet":{"full_text":"The most iconic trades of past cycles came from huge inefficiencies across markets. Any trader would go back in time for them, but those premiums are long gone.\n\nThe same opportunity lives on in perp funding rates, tradable now on our new Spread Markets.","username":"boros_fi","name":"Boros","profile_image_url":"https://pbs.substack.com/profile_images/1906987186106564608/Gl_qyE3U_normal.jpg"},"reply_count":18,"retweet_count":6,"like_count":42,"impression_count":3271,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Cheezy discusses how Boros is building a sustainable flywheel via spread markets:

How to get to the #1 of BTC Top Traders leaderboard:

@boros_fi for the awesome tools that make these strategies possible.\n\nI never thought I would see my address at the top.\n\nThe funny part is I am …","username":"DarkLord_gr","name":"DarkLord_gr | DeFi Dojo","profile_image_url":"https://pbs.substack.com/profile_images/2033267619185545216/tGSvLAuI_normal.jpg","date":"2026-10-07T00:44:01.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HT_RDSibYAAEzND.jpg","link_url":"https://t.co/M4WwTUsGB1"}],"quoted_tweet":{},"reply_count":7,"retweet_count":2,"like_count":10,"impression_count":514,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Until next time.

The market rewards those who pay attention. Thanks for being one of them 💜

And if you found The Boros Broadcast useful, why not spread the love?

App | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Pendle Print #127

Dillon Yap — Mon, 12 Oct 2026 10:04:53 GMT

Pendle is the ultimate yield market in DeFi – fixed yields, leveraged yield + points trading, and funding rate swaps (via Boros).

The objective of The Pendle Print is to distill the developments in DeFi yield markets into a succinct and actionable format.

Subscribe now

Important Highlights ✨

Introducing RWA insights, a Pendle series featuring institutional leaders on the up and coming segment.

First up - Vincent Ng, Managing Director and Head of Asia at Partners Group, and Bridget Li, Co-Founder and CEO of Asseto.

More to come soon!

@tn_pendle speaks with Vincent Ng, MD and Head of Asia at @partnersgroup, a global private markets firm with $186B in AUM, and Bridget Li, Co-Founder and CEO of…","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-09T00:51:24.000Z","photos":[{"img_url":"https://substackcdn.com/image/fetch/$s_!8fXl!,w_1028,c_limit,f_auto,q_auto:best,fl_progressive:steep/l_play_button_usfui2,w_88,e_colorize:0/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F__ss-rehost__tw-video-preview-13_2108359587397275648.jpg","link_url":"https://t.co/GUHaqgc1G7"}],"quoted_tweet":{"full_text":"Introducing RWA Insights, a Pendle series with institutional leaders on where RWAs are heading, how Pendle fits in and more. \n\nThe series opens with Vincent Ng, MD and Head of Asia at Partners Group, and Bridget Li, cofounder and CEO of Asseto.","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg"},"reply_count":20,"retweet_count":19,"like_count":95,"impression_count":6511,"expanded_url":null,"video_url":"https://video.twimg.com/amplify_video/2108359587397275648/vid/avc1/1280x720/sfG5OOqI3AEs4CNZ.mp4?tag=16","video_preview_media_key":"13_2108359587397275648","belowTheFold":false}" data-component-name="Twitter2ToDOM">

PENDLE is now Citrini’s RWA bag:

New investor relations page for Pendle:

@boros_fi ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-09-28T13:29:00.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HTTp1XHbQAAytBl.jpg","link_url":"https://t.co/fGyS0j2kmf"}],"quoted_tweet":{},"reply_count":29,"retweet_count":36,"like_count":243,"impression_count":28463,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

DeFi: The Race to Power Global Finance feat. TN Lee at TOKEN2049:

@token2049 yesterday, @tn_pendle spoke about where Pendle and @boros_fi fit as DeFi and TradFi converge.\n\nSome highlights:\n\n🔹 Funding rate arbitrage is still under the radar despite its potential to become a major source of yield as RWA perps grow\n🔹Boros as a funding rate…","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-08T07:05:43.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HUFx9a2bQAAE1eZ.jpg","link_url":"https://t.co/eOrAcAfpOV"}],"quoted_tweet":{"full_text":"Where do Pendle and @boros_fi sit in the wider financial system, and what does it look like when onchain yield and funding rate markets become part of it?\n\nDon't miss @tn_pendle's panel at @token2049 tomorrow.\n\n💡DeFi: The Race to Power Global Finance.\n🕑Tomorrow, Wed 7 Oct,","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg"},"reply_count":37,"retweet_count":24,"like_count":141,"impression_count":12265,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Top Stablecoin Fixed APYs

- PT-sUSDS 26-NOV | 4.83% | $25M fills at 4.66% Effective APY | Loopable on Morpho

- PT-sUSDD 26-NOV | 5.36% | $25M fills at 5.12% Effective APY

- PT-USDai 15-OCT | 10.10% | $25M fills at 10.04% Effective APY | Loopable on Morpho & Euler

- PT-AUSD 8-OCT | 6.70% | $20M fills at 6.32% Effective APY | Loopable on Morpho, Euler, Aave & Curvance

- PT-apyUSD 5-NOV | 15.11% | $15M fills at 13.93% Effective APY | Loopable on Morpho

New Pool Highlights

USDG (Mar 2026) on Robinhood Chain
AUSD (Dec 2026) on Monad

@RobinhoodCrypto, powered by Pendle.\n\n@global_dollar USDG (Mar 2027) is now live on Robinhood Chain ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-09-30T10:00:22.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HTdNQm5bIAANgux.jpg","link_url":"https://t.co/tGqdt6862q"}],"quoted_tweet":{},"reply_count":22,"retweet_count":18,"like_count":120,"impression_count":10270,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

@monad is back with a new maturity:\n\n@withAUSD AUSD (Dec 2026)\n\nFeaturing a new reward system that lets incentives SCALE (instead of getting diluted) with TVL growth for YT-AUSD👇 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-01T09:00:10.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HTiJEYXasAAHes2.png","link_url":"https://t.co/Bfm6ZTFD6o"},{"img_url":"https://pbs.substack.com/media/HTiJEi6bIAAxEz3.png","link_url":"https://t.co/Bfm6ZTFD6o"}],"quoted_tweet":{},"reply_count":19,"retweet_count":12,"like_count":105,"impression_count":13578,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Pencosystem

11.59% Fixed APY for srnOPAL, backed by short-dated, RWA Brazilian credit card debts:

@pendle_fi offers protected yield from financing short duration Brazilian credit card receivables with additional incentives from @plumenetwork and Strata.\n\nReal-world yield, structured for on-chain capital. ","username":"strata_markets","name":"Strata","profile_image_url":"https://pbs.substack.com/profile_images/2019011893847883776/TnRif0zU_normal.jpg","date":"2026-10-08T17:01:05.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HUH6KEZbAAA6FFB.jpg","link_url":"https://t.co/sPz5fvy1WQ"}],"quoted_tweet":{},"reply_count":7,"retweet_count":14,"like_count":73,"impression_count":8953,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Proud sponsor fo Arbitrum’s Open House Singapore ✊

@arbitrum's Open House Singapore!\n\nWith $415K in prizes & grants across the online Buildathon (ongoing till October 4th) and IRL Founder House in Singapore (starting October 23-25), this is the place to scale your project 🔥 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-07T02:59:01.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HT_v85OakAETqU8.jpg","link_url":"https://t.co/k6XOOrfQyi"}],"quoted_tweet":{},"reply_count":38,"retweet_count":17,"like_count":119,"impression_count":8666,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

LP incentives for USDG on X Layer, guaranteed until maturity:

@global_dollar USDG, only on @XLayerOfficial 👀 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-10-07T01:50:04.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HT_f44LaMAAh4CI.png","link_url":"https://t.co/IO9DC0AvE2"}],"quoted_tweet":{},"reply_count":30,"retweet_count":10,"like_count":130,"impression_count":12612,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Agentic finance, powered by Pendle fixed yield.

You can now swap USDG into PT-USDG in Go mode on Priors in one tap (with gas covered) to earn a fixed yield:

@pendle_fi is now live on priors.\n\nidle dollars, now with an end date 👇 ","username":"priors_trade","name":"Priors","profile_image_url":"https://pbs.substack.com/profile_images/2102911413337329664/QFqh9hJ-_normal.jpg","date":"2026-10-05T17:46:27.000Z","photos":[{"img_url":"https://substackcdn.com/image/fetch/$s_!JH9k!,w_1028,c_limit,f_auto,q_auto:best,fl_progressive:steep/l_play_button_usfui2,w_88,e_colorize:0/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F__ss-rehost__tw-video-preview-13_2107162504652554242.jpg","link_url":"https://t.co/ZHp6P9XFVV"}],"quoted_tweet":{},"reply_count":23,"retweet_count":29,"like_count":292,"impression_count":21877,"expanded_url":null,"video_url":"https://video.twimg.com/amplify_video/2107162504652554242/vid/avc1/1280x720/qyWPxuoVqXxCxc8f.mp4","video_preview_media_key":"13_2107162504652554242","belowTheFold":true}" data-component-name="Twitter2ToDOM">

A quick overview of the Pendle RWA Stack, spanning infrastructure to equities to credit card debts and more:

X Highlights

Pendle, one of the fastest growing RWA venues:

@aave V3 led with +$8.6M, followed by @pendle_fi (+$5.9M) and @kamino (+$5.6M).\n\n@aerodromefi Slipstream (+$790.7K) rounds out the list.\n\nData via @tokenterminal ","username":"RWAFoundation_","name":"RWA Foundation","profile_image_url":"https://pbs.substack.com/profile_images/1965450732460453888/MKdV0Aan_normal.jpg","date":"2026-10-09T12:51:48.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HUMKyNpXgAA9Ien.jpg","link_url":"https://t.co/mXYjYRwX1E"}],"quoted_tweet":{},"reply_count":11,"retweet_count":9,"like_count":64,"impression_count":6627,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

The future of crypto, all on Pendle:

@pendle_fi is positioned to capture all three waves 👇️ coingecko.com/learn/pendle-d…","username":"coingecko","name":"CoinGecko","profile_image_url":"https://pbs.substack.com/profile_images/1959999205533167617/Kf-YFXWB_normal.jpg","date":"2026-09-25T15:51:54.000Z","photos":[],"quoted_tweet":{},"reply_count":79,"retweet_count":32,"like_count":186,"impression_count":50067,"expanded_url":{"url":"https://www.coingecko.com/learn/pendle-defi-stablecoins-rwa-perps-yield?utm_campaign=learn&utm_source=x&utm_medium=social","title":"Inevitable: How Pendle Is Positioned to Capture DeFi's Biggest Waves| CoinGecko","description":"Stablecoins, tokenized RWAs, and perps are DeFi's three biggest growth waves, and Pendle is positioned to capture all three this cycle.","domain":"coingecko.com","image":"https://pbs.substack.com/news_img/2103484792411201536/gyt_iZ_b?format=jpg&name=orig"},"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

How Pendle is positioned for the incoming tailwinds:

@pendle_fi is like an emerging rates exchange.\n\n- stablecoin issuer creates yield\n- tokenized stock creates distributions\n- pvt fund creates cash flows\n- perp creates funding payments\n\nEach of the above starts as a different story, but each eventually creates the same…","username":"yashascore","name":"YEdu","profile_image_url":"https://pbs.substack.com/profile_images/2102762594616655872/sWF_XoLE_normal.jpg","date":"2026-10-06T04:43:00.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HT6u7y8bwAAoS74.jpg","link_url":"https://t.co/CDNHnTGXmU"}],"quoted_tweet":{"full_text":"- every single RWA that launches\n- listed on Pendle \n- majority of capital concentrates there\n- fixed-rate market emerges\n- liquidity/holders/collateral usage expand\n- Pendle becomes the asset’s main distribution venue\n\nwhen tokenized yield becomes a multi-trillion-dollar market https://t.co/bJOpmQMyWB","username":"crypto_linn","name":"🉐 Crypto Linn","profile_image_url":"https://pbs.substack.com/profile_images/1654487711653265410/9Fzvqbhr_normal.jpg"},"reply_count":12,"retweet_count":8,"like_count":65,"impression_count":5043,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

STRETCH your yield:

@pendle_fi for @apyx_fi and @saturn_credit…\n\napp.pendle.finance/trade/onboardi… ","username":"DeFi_Dad","name":"DeFi Dad ⟠ defidad.eth","profile_image_url":"https://pbs.substack.com/profile_images/1613764698775633921/72tL5YzB_normal.jpg","date":"2026-09-29T20:05:31.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HTaOLT0WcAAAUdO.jpg","link_url":"https://t.co/TTAynj1Hm2"}],"quoted_tweet":{},"reply_count":6,"retweet_count":3,"like_count":35,"impression_count":5267,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

And last but certainly not least… take your pick:

That’s it for this issue.

Attention and capital is scarce in this market – and for that we thank you for your continuous support.

If you found The Pendle Print useful, why not spread the love?

pendle.finance | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Boros Broadcast #12

Tue, 06 Oct 2026 12:31:05 GMT

Boros is the first and only funding rate swap market in DeFi – built for traders who want to take a view on where the rates are going, or hedge the exposure you already have.

The Boros Broadcast covers the funding rate landscape: the current rate environment, what the macro is doing to them, and where the opportunities are.

Key Updates:

Pendle Intern teaches crypto degens how to trade on Boros:

Come monitor Boros’s live feed on Gareth’s dashboard:

Strategy Highlights:

How to get 27% APR with Boros:

@boros_fi 的四腿套利策略挺香的，以截图里的策略为例，配合Gate的CrossEx能做到一个月固定 27% 年化收益。\n\n收益来源：通过Boros锁定Hyperliquid和Gate之间的BTC永续合约资金费率。\n收益杠杆：通过CrossEx跨交易所共享保证金的功能，大幅提升资金效率，减小单边爆仓的风险。…","username":"yourQuantGuy","name":"yourQuantGuy","profile_image_url":"https://pbs.substack.com/profile_images/1921904182144958464/Pog_SOSz_normal.jpg","date":"2026-10-03T03:19:20.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HTrMf0eW0AASE9R.jpg","link_url":"https://t.co/dW5tIVrAqM"}],"quoted_tweet":{"full_text":"","username":"boros_fi","name":"Boros","profile_image_url":"https://pbs.substack.com/profile_images/1906987186106564608/Gl_qyE3U_normal.jpg"},"reply_count":25,"retweet_count":10,"like_count":76,"impression_count":12796,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Keno covers how Pendle V2 and Boros are tokenizing yield onchain:

@pendle_fi is becoming the missing layer for a world where finance gets tokenized. 🧵 ","username":"kenodnb","name":"Keno","profile_image_url":"https://pbs.substack.com/profile_images/2090505034966482944/yjcSxbVY_normal.jpg","date":"2026-10-06T07:43:03.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HT7nXgTaUAEzG7_.jpg","link_url":"https://t.co/NnouAN0yns"}],"quoted_tweet":{},"reply_count":11,"retweet_count":10,"like_count":37,"impression_count":1439,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Yoko explains how you can get 29.3% APR with our Arbitrage terminal:

How to generate 1.3k in yield from 36k in capital in the next 30 days:

What if longing spreads is the easy trade to take on Boros:

Until next time.

The market rewards those who pay attention. Thanks for being one of them 💜

And if you found The Boros Broadcast useful, why not spread the love?

App | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Pendle Print #126

Dillon Yap — Mon, 28 Sep 2026 10:03:22 GMT

Pendle is the ultimate yield market in DeFi – fixed yields, leveraged yield + points trading, and funding rate swaps (via Boros).

The objective of The Pendle Print is to distill the developments in DeFi yield markets into a succinct and actionable format.

Subscribe now

Important Highlights ✨

3 segments we’re confident to become supermassive this cycle, and we’ve positioned Pendle to absorb all of them:

(1) Stablecoins
(2) Tokenized RWAs
(3) Perps

With both V2 and Boros, the infrastructure is already built for us to Pendle every yield in the world. When these waves come, Pendle will be there for them all.

A sneak peek into what’s to come:

Pendle is now operating at peak efficiency with minimal emission, with buyback outpacing emission by 10x:

A look at the current Pendle’s RWA landscape:

Pendle Ecosystem USDC vault on Morpho reaches new all-time-high in deposits again, while still offering 6.66% APY:

@Morpho\n\nThe Pendle Ecosystem USDC vault continues to break new highs, with over $75M TVL now 🔥\n\nThat puts it among the 8 largest vaults on Ethereum, offering the highest base APY of the group.\n\nAll deposits go to PT markets so as the vault grows, PT loopers get deeper …","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-09-28T02:45:02.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HTRWcRwbIAAuKhh.jpg","link_url":"https://t.co/ChJoqhVj7V"}],"quoted_tweet":{},"reply_count":1,"retweet_count":0,"like_count":1,"impression_count":638,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Top Stablecoin Fixed APYs

- PT-sUSDS 26-NOV | 4.83% | $25M fills at 4.66% Effective APY | Loopable on Morpho

- PT-sUSDD 26-NOV | 5.36% | $25M fills at 5.12% Effective APY

- PT-USDai 15-OCT | 10.10% | $25M fills at 10.04% Effective APY | Loopable on Morpho & Euler

- PT-AUSD 8-OCT | 6.70% | $20M fills at 6.32% Effective APY | Loopable on Morpho, Euler, Aave & Curvance

- PT-apyUSD 5-NOV | 15.11% | $15M fills at 13.93% Effective APY | Loopable on Morpho

New Pool Highlights

NGI+ (10DEC2026)
ORBIO (8OCT2026)
USDG (25MAR2026)

@partnersgroup manages $186 billion across private equity, infrastructure, private credit, real estate and royalties for institutional and private investors worldwide.…","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-09-18T00:40:11.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HSdZ9rfbsAA0rDU.jpg","link_url":"https://t.co/T2h1CMSgtB"}],"quoted_tweet":{"full_text":"RWA private infrastructure is now tradeable on Pendle.\n\nNGI+ (26 Nov 2026 maturity), tokenised on @AssetoFinance's infrastructure, brings Partners Group's Next Generation Infrastructure strategy onchain.\n\nWith Pendle, you can access fix, trade and speculate this yield.","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg"},"reply_count":23,"retweet_count":18,"like_count":173,"impression_count":48889,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

@orbiodotso ORBIO (Oct 2026 maturity) on @RobinhoodCrypto\n\nSpeculate, trade and/or fix universal AI credits and points earned by staked ORBIO 👇 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-09-25T09:26:32.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HTDVkJwa0AAxeEY.jpg","link_url":"https://t.co/37FeiNCyLO"}],"quoted_tweet":{},"reply_count":44,"retweet_count":42,"like_count":362,"impression_count":49115,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

@global_dollar USDG with new maturity (25 March2026).\n\nT-Bill backed stablecoins issued on federally-regulated infrastructure, transformed into institutional fixed income markets on Pendle 🤝 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-09-24T02:11:30.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HS8oZ0yaEAEe0YU.jpg","link_url":"https://t.co/cjPx0xTbQE"}],"quoted_tweet":{},"reply_count":23,"retweet_count":17,"like_count":141,"impression_count":8302,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Pencosystem

Earn 4x more Asseto points via Pendle:

@AssetoFinance Reale points with Pendle YT and LP vs. holding raw NGI+","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-09-24T09:04:31.000Z","photos":[],"quoted_tweet":{"full_text":"NGI+ × Pendle Special Campaign | 40x, first month only\n\nThrough 23 October, buying and holding NGI+'s YT on @pendle_fi earns Reale Points at 40x, up from the 30x standard; providing LP in the NGI+ market also earns 40x. It reverts to 30x once the window closes and does not","username":"AssetoFinance","name":"Asseto Finance","profile_image_url":"https://pbs.substack.com/profile_images/2043901734666547202/-n6zkmI0_normal.jpg"},"reply_count":23,"retweet_count":12,"like_count":116,"impression_count":8970,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Confidential deposits now available for the Pendle Ecosystem Vault on Morpho:

@Morpho confidentially.\n\nInstitutions and users can deposit cUSDC through @zama and earn from PT-backed lending markets on Morpho without their position size or balance exposed on a public explorer.","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-09-16T02:32:47.000Z","photos":[],"quoted_tweet":{"full_text":"Confidential DeFi at scale, live today.\n\nZama is the fastest growing confidentiality protocol for onchain finance.\n\nToday, Zama expands confidential access to 16 curated yield vaults across 5 institutional curators and 5 assets: USDC, USDT, AUSD, WBTC, and tGBP, all deployed on","username":"zama","name":"Zama","profile_image_url":"https://pbs.substack.com/profile_images/1654459351300468736/ywoKR9uZ_normal.jpg"},"reply_count":26,"retweet_count":12,"like_count":129,"impression_count":20407,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

You can now acquire gold at a discount on Pendle:

@pendle_fi, with a maturity date of Dec 17. ","username":"UnitasLabs","name":"Unitas Labs","profile_image_url":"https://pbs.substack.com/profile_images/1999721571855020032/sqJkdsqn_normal.jpg","date":"2026-09-24T15:45:50.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HS_hydaWAAA5VdZ.jpg","link_url":"https://t.co/GnQBoF9TyY"}],"quoted_tweet":{},"reply_count":5,"retweet_count":7,"like_count":32,"impression_count":10246,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

PT looping is now fully live and out of beta, with many quality of life updates, including the introduction of dynamic fees that will scale down closer to maturity.

TL;DR Short-dated looping is now much more profitable and viable

Reminder to stake your

EQB
Camelot EQB/WETH LP
ePENDLE
Camelot ePENDLE/PENDLE LP

equilibria.fi/wind-down\n\nDue to the delay in the staking contract launch, staking weight will start counting from 15:00 UTC on Sep 23 2026.\n\nThis means that staking weight will only start from 15:00 UTC, even if you stake earlier.","username":"Equilibriafi","name":"Equilibria","profile_image_url":"https://pbs.substack.com/profile_images/2008064087289368576/gl37Jtdb_normal.png","date":"2026-09-23T14:02:04.000Z","photos":[],"quoted_tweet":{},"reply_count":4,"retweet_count":3,"like_count":18,"impression_count":4743,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

X Highlights

Pendle’s TAM = Every asset with future cash flow stream

@pendle_fi' TAM is not crypto yield. It is every asset with a future cash-flow stream that needs price discovery, a hedge, or a fixed-rate buyer.\n\nPrivate credit, tokenized equities/dividends, infra, money-market funds, GPU financing etc. Basically issuers can tokenise…","username":"yashascore","name":"YEdu","profile_image_url":"https://pbs.substack.com/profile_images/2102762594616655872/sWF_XoLE_normal.jpg","date":"2026-09-21T04:57:00.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HStiGRbacAAw9pA.jpg","link_url":"https://t.co/fbDlpaJdcu"}],"quoted_tweet":{"full_text":"Partners Group's Next Generation Infrastructure strategy is now live on Pendle as NGI+ (10 Dec 2026 maturity).\n\n@PartnersGroup manages $186 billion across private equity, infrastructure, private credit, real estate and royalties for institutional and private investors worldwide. https://t.co/T2h1CMSgtB","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg"},"reply_count":22,"retweet_count":19,"like_count":105,"impression_count":6876,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

CoinGecko’s insight into how Pendle is positioned to capture the 3 biggest tailwinds for crypto:

@pendle_fi is positioned to capture all three waves 👇️ coingecko.com/learn/pendle-d…","username":"coingecko","name":"CoinGecko","profile_image_url":"https://pbs.substack.com/profile_images/1959999205533167617/Kf-YFXWB_normal.jpg","date":"2026-09-25T15:51:54.000Z","photos":[],"quoted_tweet":{},"reply_count":76,"retweet_count":34,"like_count":175,"impression_count":41519,"expanded_url":{"url":"https://www.coingecko.com/learn/pendle-defi-stablecoins-rwa-perps-yield?utm_campaign=learn&utm_source=x&utm_medium=social","title":"Inevitable: How Pendle Is Positioned to Capture DeFi's Biggest Waves| CoinGecko","description":"Stablecoins, tokenized RWAs, and perps are DeFi's three biggest growth waves, and Pendle is positioned to capture all three this cycle.","domain":"coingecko.com","image":"https://pbs.substack.com/news_img/2103484792411201536/gyt_iZ_b?format=jpg&name=orig"},"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Inevitable.

@pendle_fi is inevitable.\n\nWe're increasingly entering the exponential phase of the S-curve adoption, with Pendle sitting directly in the path of multiple rapidly expanding markets:\n\n🔸 Stablecoins → projected ~13x to $4T by 2030\n🔸 Tokenised RWAs…","username":"0xCheeezzyyyy","name":"Cheeezzyyyy","profile_image_url":"https://pbs.substack.com/profile_images/1847973781920456704/0UqNQZ1J_normal.jpg","date":"2026-09-22T02:35:26.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HSyaIHXaEAAF5R7.jpg","link_url":"https://t.co/Gp9N5osfkP"}],"quoted_tweet":{"full_text":"","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg"},"reply_count":27,"retweet_count":13,"like_count":96,"impression_count":4369,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Pendle - where yield narratives get a market:

@NasdaqExchange when they want access to deeper capital …","username":"DeFi_Andree","name":"DeFi Andree","profile_image_url":"https://pbs.substack.com/profile_images/1950754545988222976/4ouNUQC5_normal.jpg","date":"2026-09-25T13:07:12.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HTEHcslbwAAL9CD.jpg","link_url":"https://t.co/8nlCiwOsi4","alt_text":"Pendle Is Becoming the Amplification Layer for Onchain Yield"}],"quoted_tweet":{},"reply_count":33,"retweet_count":17,"like_count":121,"impression_count":10002,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

RWA private infra on Pendle:

@pendle_fi.\n\nChinaAMC.\n$386B under management.\nThe first to launch a retail tokenized fund in Asia Pacific.\nIts USD money market fund now has a Pendle market.\nPartners Group.\n$186B under management.\nSwiss listed, investing in…","username":"DarkLord_gr","name":"DarkLord_gr | DeFi Dojo","profile_image_url":"https://pbs.substack.com/profile_images/2033267619185545216/tGSvLAuI_normal.jpg","date":"2026-09-17T15:19:07.000Z","photos":[],"quoted_tweet":{"full_text":"RWA private infrastructure is now tradeable on Pendle.\n\nNGI+ (10 Dec 2026 maturity), tokenised on @AssetoFinance's infrastructure, brings Partners Group's Next Generation Infrastructure strategy onchain.\n\nWith Pendle, you can fix, trade and speculate this yield.","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg"},"reply_count":6,"retweet_count":14,"like_count":58,"impression_count":5552,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

And last but certainly not least…we have a TN:

That’s it for this issue.

Attention and capital is scarce in this market – and for that we thank you for your continuous support.

If you found The Pendle Print useful, why not spread the love?

pendle.finance | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Boros Broadcast #11

Boros Intern — Fri, 25 Sep 2026 15:31:07 GMT

Boros is the first and only funding rate swap market in DeFi – built for traders who want to take a view on where the rates are going, or hedge the exposure you already have.

The Boros Broadcast covers the funding rate landscape: the current rate environment, what the macro is doing to them, and where the opportunities are.

Key Updates

Unlocking higher APRs for longer via rolling over on Boros’s Arbitrage terminal:

Get notifications for roll over opportunities and your positions on Arbitrage with our new update:

You can now trade Lighter funding rates for BTC and ETH on Boros:

@Lighter_xyz maturities for $BTC, you can now arbitrage even more yield with Boros. ","username":"boros_fi","name":"Boros","profile_image_url":"https://pbs.substack.com/profile_images/1906987186106564608/Gl_qyE3U_normal.jpg","date":"2026-09-17T03:06:34.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HSYx4X4bMAAGDh9.jpg","link_url":"https://t.co/FCrTc7wbEk"}],"quoted_tweet":{},"reply_count":2,"retweet_count":7,"like_count":35,"impression_count":2158,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Trade KuCoin funding rates on Boros till November:

@kucoincom funding rates on Boros till November!\n\nOur new maturities let you arbitrage spreads between KuCoin and other perp platforms for delta-neutral fixed yield farms for the next two months. ","username":"boros_fi","name":"Boros","profile_image_url":"https://pbs.substack.com/profile_images/1906987186106564608/Gl_qyE3U_normal.jpg","date":"2026-09-23T02:22:52.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HS3hayJbkAA4zAZ.jpg","link_url":"https://t.co/awNyhF9Z8k"}],"quoted_tweet":{},"reply_count":2,"retweet_count":3,"like_count":13,"impression_count":1011,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Strategy Highlights

Finding the best yields by rolling over on Arbitrage:

Long compressed spreads for consistent +20% gains on Boros:

How Keno is earning +35.25% APR for 39 days:

@boros_fi.","username":"kenodnb","name":"Keno","profile_image_url":"https://pbs.substack.com/profile_images/2090505034966482944/yjcSxbVY_normal.jpg","date":"2026-09-21T22:29:35.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HSxib2Tb0AA-llw.jpg","link_url":"https://t.co/VQxoWqP3Q4"}],"quoted_tweet":{"full_text":"One of the products I'm most excited about right now:\n\nThe Arbitrage Terminal from the @pendle_fi team.\n\nIt opens up cross-exchange funding-rate arbitrage, all from one place.\n\n@boros_fi is becoming a tool to access some of the highest fixed yields available in the market.\n\nThese","username":"kenodnb","name":"Keno","profile_image_url":"https://pbs.substack.com/profile_images/2090505034966482944/yjcSxbVY_normal.jpg"},"reply_count":14,"retweet_count":4,"like_count":52,"impression_count":2388,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Pendle Intern explains how you can earn 25-30% APR until the end of 2026:

@boros_fi. \n\nHere’s how to do it: ","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2095394331477909504/cTkCIV-F_normal.jpg","date":"2026-09-21T12:03:10.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HSvRePkW4AAU8Gk.jpg","link_url":"https://t.co/QzTOlVPHBA"}],"quoted_tweet":{},"reply_count":3,"retweet_count":5,"like_count":39,"impression_count":2397,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

0xJA explains how he traded the previous oil contract rollover on Boros:

Yankee explains how to roll over on Boros for the best entries and yields:

Why Keno is focused on Boros after finding Pendle in the previous bear market:

@pendle_fi.\n\nWhy?\n\nI simply saw the PMF.\n\nNow I'm seeing the same pattern again.\n\nThis time with @boros_fi.\n\nPendle changed DeFi forever by opening opportunities that weren't available before.\n\nPendle became the place where yield …","username":"kenodnb","name":"Keno","profile_image_url":"https://pbs.substack.com/profile_images/2090505034966482944/yjcSxbVY_normal.jpg","date":"2026-09-23T07:01:24.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HS4hKvPaUAA5t9R.jpg","link_url":"https://t.co/Dte1VCEIS8"}],"quoted_tweet":{},"reply_count":12,"retweet_count":9,"like_count":71,"impression_count":2435,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Until next time.

The market rewards those who pay attention. Thanks for being one of them 💜

And if you found The Boros Broadcast useful, why not spread the love?

App | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Pendle Print #125

Dillon Yap — Mon, 14 Sep 2026 10:03:13 GMT

Pendle is the ultimate yield market in DeFi – fixed yields, leveraged yield + points trading, and funding rate swaps (via Boros).

The objective of The Pendle Print is to distill the developments in DeFi yield markets into a succinct and actionable format.

Subscribe now

Important Highlights ✨

Pendle goes live on Robinhood Chain:

@RobinhoodCrypto \n\nThis means Robinhood Chain users can now lock in fixed yield, take leveraged exposure to the yield of their favourite coins, or earn fees & rewards by providing liquidity. \n\nWe're excited to be building on one of the most …","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-09-07T02:14:20.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HRlF9Tda4AAM3Qp.jpg","link_url":"https://t.co/4ayd44eTaI"}],"quoted_tweet":{},"reply_count":59,"retweet_count":77,"like_count":552,"impression_count":141591,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":false}" data-component-name="Twitter2ToDOM">

Enabling trading of tokenized stock dividends onchain:

@RobinhoodCrypto.\n\nWill you buy these stocks at a discount?\n\nOr do you want leveraged exposure to the dividends? ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-09-09T13:00:25.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HRxtFOyaQAAF6Ac.jpg","link_url":"https://t.co/6MaxfNHgPg"}],"quoted_tweet":{},"reply_count":40,"retweet_count":55,"like_count":388,"impression_count":56633,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":false}" data-component-name="Twitter2ToDOM">

PENDLE buyback hits another milestone - $4M total YTD:

Important highlights from an eventful August:

@MorphoLabs, co-curated with @wintermute_t Armigate, allocating across selected PT markets (6.11% APY total)\n\n• Released Arbitrage with CrossEx on Boros, turning a full funding rate arbitrage strategy …","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-09-03T02:10:13.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HRQeuSgaYAAP8t5.jpg","link_url":"https://t.co/TDXatTHW0c"}],"quoted_tweet":{},"reply_count":13,"retweet_count":19,"like_count":94,"impression_count":20571,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Strategy Highlights 💰

Up to 26.6% APR up for grab with funding rate Arbitrage with CrossEx:

Top PT Fixed APYs:

PT-sUSDS 26-NOV | 4.85% Fixed APY | $50M fills at 4.63% Effective APY | Loopable on Morpho
PT-AUSD 8-OCT | 6.25% Fixed APY | $25M fills at 5.90% Effective APY | Loopable on Morpho, Euler, Aave & Curvance
PT-sUSDD 26-NOV | 5.32% Fixed APY | $20M fills at 5.11% Effective APY

New Pool Highlights

NVDA (15 Oct 2026) on Robinhood
PFE (10 Dec 2026) on Robinhood
sNET (17 Sep 2026) on Robinhood
SHROOM (24 Sep 2026) on Robinhood
microduck (24 Sep 2026) on Robinhood
sNUKE (24 Sep 2026) on Robinhood
sGOV (19 Nov 2026) on Robinhood
USDx (3 Dec 2026) on Ethereum
sUSDx (3 Dec 2026) on Ethereum
xGLD (17 Dec 2026) on BNB Chain

Pencosystem

Saturn USDat now gets additional 0% → 3% APR from T-Bill yield:

@saturn_credit USDat just got infinitely better, mathematically speaking.\n\nFrom 0% APY, to now receiving 3% APR from its undelying T-Bill exposure - plus the same Saturn points you've been earning.\n\nDetails below 👇 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-09-09T15:01:15.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HRyIvYLboAAngYH.jpg","link_url":"https://t.co/al1fKbD7qL"}],"quoted_tweet":{},"reply_count":11,"retweet_count":11,"like_count":98,"impression_count":8364,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

You can now supply PT-USDG to Aave via OKX DeFi Earn for up to 3.5% APR rewards:

@aave V3, connecting @pendle_fi’s fixed-yield market with lending on X Layer.\n\nMore utility for USDG across DeFi, with up to 6.8% APY for a limited time.\n\nExplore on @wallet: https://t.co/QprUHgkh8g ","username":"okx","name":"OKX","profile_image_url":"https://pbs.substack.com/profile_images/1968722816154345472/vEj4j3o9_normal.jpg","date":"2026-09-01T09:01:05.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HRHpkkfWcAA089s.jpg","link_url":"https://t.co/Ii9jKQX3xo"}],"quoted_tweet":{},"reply_count":25,"retweet_count":16,"like_count":97,"impression_count":98881,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

LlamaGuard PT goes live on Aave:

@aave.\n\nBuilt by LlamaRisk.\nPowered by the @chainlink Runtime Environment (CRE).\nOwned by Aave.\n\nIt dynamically manages Pendle PT collateral risk. First on Aave v3 Ethereum. Coming soon to all Aave PT markets.\n\nLet's gho 👻 ","username":"LlamaRisk","name":"LlamaRisk","profile_image_url":"https://pbs.substack.com/profile_images/1986066877450264577/UtZAL5LV_normal.jpg","date":"2026-09-02T20:10:13.000Z","photos":[{"img_url":"https://substackcdn.com/image/fetch/$s_!7fdk!,w_1028,c_limit,f_auto,q_auto:best,fl_progressive:steep/l_play_button_usfui2,w_88,e_colorize:0/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F__ss-rehost__tw-video-preview-13_2095242847784153088.jpg","link_url":"https://t.co/wnb0ncfxsH"}],"quoted_tweet":{},"reply_count":13,"retweet_count":41,"like_count":256,"impression_count":74488,"expanded_url":null,"video_url":"https://video.twimg.com/amplify_video/2095242847784153088/vid/avc1/1280x720/jJqGsKtdOmQUzzfj.mp4","video_preview_media_key":"13_2095242847784153088","belowTheFold":true}" data-component-name="Twitter2ToDOM">

An amazing community-built sPENDLE/PENDLE dashboard:

@pendle_fi's protocol metrics for token holders and stakers.\n\nWith this, I sought to answer certain questions for myself:\n1. What's the distribution b/w sPENDLE and vePENDLE overhang?\n2. …","username":"Shaurya477","name":"Shaurya","profile_image_url":"https://pbs.substack.com/profile_images/1950873776284909568/4kt54J0q_normal.jpg","date":"2026-09-12T08:39:01.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HSAOAvMa4AAYblP.jpg","link_url":"https://t.co/tbsAyTkcUg"},{"img_url":"https://pbs.substack.com/media/HSAOBAta4AAngyT.jpg","link_url":"https://t.co/tbsAyTkcUg"},{"img_url":"https://pbs.substack.com/media/HSAOBRnaEAABQh0.jpg","link_url":"https://t.co/tbsAyTkcUg"},{"img_url":"https://pbs.substack.com/media/HSAOBhLbgAAFtKX.jpg","link_url":"https://t.co/tbsAyTkcUg"}],"quoted_tweet":{},"reply_count":18,"retweet_count":13,"like_count":77,"impression_count":8532,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Intern Insights

Last week, TN hopped into a call with some of Pendle’s most eminent investors to give them an update the state of things at Pendle.

Intern turned the call into a 3-min summary for all of us:

Easiest +78%?

@NetNetCap market:\n\n🔹Buy YT\n🔹LP\n\n3 days later, they're up +78% 🤷‍♂️ ","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2095394331477909504/cTkCIV-F_normal.jpg","date":"2026-09-08T07:00:14.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HRrRDaYbwAAPCgq.jpg","link_url":"https://t.co/vYZHxMQAgD"}],"quoted_tweet":{},"reply_count":10,"retweet_count":5,"like_count":53,"impression_count":5687,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

X Highlights

A collection of all the important Pendle updates/milestones:

On Pendle maintaining relevancy and top mindshare:

@pendle_fi always standing on business with the latest meta.\n\nExpect many more pairs to come as tokenised stock season continues to accelerate across @RobinhoodCrypto + the broader RWA-Fi landscape.\n\nOne thing Pendle has consistently done incredibly well is remain relevant…","username":"0xCheeezzyyyy","name":"Cheeezzyyyy","profile_image_url":"https://pbs.substack.com/profile_images/1847973781920456704/0UqNQZ1J_normal.jpg","date":"2026-09-10T03:22:33.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HR0xyMibcAAMiie.jpg","link_url":"https://t.co/zdoP7mrQZr"}],"quoted_tweet":{"full_text":"Tokenized stock dividends have arrived on Pendle.\n\nIntroducing $NVDA (Oct 2026) and $PFE (Dec 2026) on @RobinhoodCrypto.\n\nWill you buy these stocks at a discount?\n\nOr do you want leveraged exposure to the dividends?","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg"},"reply_count":30,"retweet_count":19,"like_count":116,"impression_count":6938,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

The biggest beneficiaries of stablecoin growth:

@SkyEcosystem: earn the spread\n\nSky earns interest and income from the assets and credit supporting …","username":"Capy_Research","name":"Capy Research","profile_image_url":"https://pbs.substack.com/profile_images/1970238957318483968/LYlh6_wF_normal.jpg","date":"2026-09-07T16:37:48.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HRoLqDkaQAAdL9P.jpg","link_url":"https://t.co/m4DY9cCAjG"}],"quoted_tweet":{},"reply_count":25,"retweet_count":6,"like_count":79,"impression_count":7169,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

A peek behind the closed door meeting with Pendle team:

@tn_pendle and team systematically cover off all current metas\n\nalways interpreting where the markets are headed\n\nproviding exactly what is needed AND what WILL be needed\n\nincredibly simple one…","username":"crypto_linn","name":"🉐 Crypto Linn","profile_image_url":"https://pbs.substack.com/profile_images/1654487711653265410/9Fzvqbhr_normal.jpg","date":"2026-09-08T06:30:00.000Z","photos":[],"quoted_tweet":{"full_text":"tokenized stock dividends","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg"},"reply_count":17,"retweet_count":14,"like_count":106,"impression_count":16196,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

And last but certainly not least…guess PENDLE is AI now:

That’s it for this issue.

Attention and capital is scarce in this market – and for that we thank you for your continuous support.

If you found The Pendle Print useful, why not spread the love?

pendle.finance | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Pendle Print #124

Dillon Yap — Mon, 31 Aug 2026 10:03:28 GMT

Pendle is the ultimate yield market in DeFi – fixed yields, leveraged yield + points trading, and funding rate swaps (via Boros).

The objective of The Pendle Print is to distill the developments in DeFi yield markets into a succinct and actionable format.

Subscribe now

Important Highlights ✨

Arbitrage with CrossEx is now live, streamlining funding rate arbitrage into a 2-click execution.

Earlier users are already enjoying 30-40% Fixed APR, with some having already rolled over and fully realized their first positions:

Some things we have cooking in the Pendle kitchen.

What else do YOU want to see? Let us know and help us shape the future of Pendle together.

@pendle_fi is building toward that future.","username":"SherifDefi","name":"Sherif","profile_image_url":"https://pbs.substack.com/profile_images/1674739316759592960/t1-QC5HS_normal.png","date":"2026-08-28T17:08:27.000Z","photos":[],"quoted_tweet":{"full_text":"Pendle is shipping at warp speed ⚡️\n\nNext up, turning complex yield flows into 1–2 clicks, so you can access more opportunities with ease.\n\nHere are some of the directions we’re exploring.\n\nWhat do YOU want most, or what did we miss?\n\nDream big and let us know👇","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg"},"reply_count":5,"retweet_count":7,"like_count":90,"impression_count":9457,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

New ATL for PENDLE emission:

Strategy Highlights 💰

Limited time PT Looping incentives for PT-AUSD and PT-USDat.

And yes, PT-AUSD is now live on Aave:

There’s a reason why PT-AUSD looping on Aave is rated as low risk.

Liquidation is unlikely, thanks to the oracle design.

More info:

@withAUSD PT-AUSD on @aave:\n\n1️⃣ Aave codes PT price by formula, NOT market. AMM dumps, thin liquidity...none of this will affect your collateral value\n\n2️⃣ The discount rate is a set parameter, meaning Implied APY swings DO NOT affect your health factor. Even if","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg","date":"2026-08-28T04:30:13.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HQyFOjzbAAAnUcp.png","link_url":"https://t.co/TIJUXJEIKH"},{"img_url":"https://pbs.substack.com/media/HQyFOs-aIAA5znW.png","link_url":"https://t.co/TIJUXJEIKH"}],"quoted_tweet":{"full_text":"PT-AUSD (Oct 2026) is now live on @Aave!\n\nThe market is also available now on Pendle's one-click PT Looping with incentives.\n\nGet extra 2% on PT-AUSD on top of your PT Fixed APY while looping with Pendle.\n\nAt a 10x loop, that would mean additional 20% APY for your position.","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg"},"reply_count":12,"retweet_count":3,"like_count":26,"impression_count":4765,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

New Pool Highlights

sUSDD (Nov 2026)
With up to $600k incentives to be earned - and a very interesting reward scheme that benefits PT/YT
STRCx (Nov 2026)
With renewed mechanics that ensures fair and proper distribution of yield

@xStocksFi is now live.\n\nWith renewed mechanics that ensures fair and proper distribution of yield 👇 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-08-27T02:11:03.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HQsbyUBaMAAqLqc.png","link_url":"https://t.co/MplatAQfFP"},{"img_url":"https://pbs.substack.com/media/HQsbydoacAArAFR.png","link_url":"https://t.co/MplatAQfFP"}],"quoted_tweet":{},"reply_count":31,"retweet_count":9,"like_count":201,"impression_count":26777,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Pencosystem

PT-USDG on Aave X Layer soon:

@aave @XLayerOfficial.\n\nGM everyone 🌅 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-08-28T00:37:14.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HQxP50xbAAEQSwu.jpg","link_url":"https://t.co/quFaYhfzs0"}],"quoted_tweet":{},"reply_count":6,"retweet_count":4,"like_count":39,"impression_count":5710,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Imagine earning points with PT.

Imagine no more:

@saturn_credit PT-USDat (Jan 2027 maturity on Ethereum) positions on Pendle when you subscribe with Binance Wallet.\n\nYes, PT. \n\nEnjoy 🫡","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-08-27T09:21:36.000Z","photos":[],"quoted_tweet":{"full_text":"Boost your Saturn point with Binance Wallet!\n\nFrom today, users who subscribe to the pools below on Ethereum via #Binance Wallet DeFi are eligible for an extra points boost:\n- 1.5x points for the Pendle USDat (PT-USDat-14JAN2027) Pool\n- 3x points for the Strata USDat (srUSDat)","username":"BinanceWallet","name":"Binance Wallet","profile_image_url":"https://pbs.substack.com/profile_images/1874762324763910144/3pJSfAtd_normal.jpg"},"reply_count":13,"retweet_count":2,"like_count":59,"impression_count":7318,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

PT-sUSDe is now included in the allocation for Pendle Ecosystem USDC Morpho vault (8.49% APY at time of writing):

@Morpho vault:\n\n⬩ @ethena PT-sUSDe (Nov 2026) / USDC\n\n Market's already live on Pendle's one-click PT Looping too:","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-08-25T05:28:45.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HQi12oSaAAAqqQk.jpg","link_url":"https://t.co/dQd0czDWLs"}],"quoted_tweet":{"full_text":"In just ~1.5 weeks:\n\n50,000,000 $USDC.\n\n230 depositors.\n\nEarning 6.87% APY.\n\nPendle x @Wintermute_t x @Morpho 🤝 https://t.co/aM455RX7B8","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg"},"reply_count":17,"retweet_count":13,"like_count":127,"impression_count":17439,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Oracle info and looping risks humanized:

Intern Insights

The best ways to earn on Pendle, including the best fixed yield in possibly the entire world:

@pendle_fi strategies, evaluating the pros and cons/risks included.\n\nScroll to #1 to see how you can get +30% delta-neutral, fixed APY 👀 ","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg","date":"2026-08-21T02:32:33.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HQNnK1JbgAAL72s.jpg","link_url":"https://t.co/eavEiwRw8K"}],"quoted_tweet":{},"reply_count":9,"retweet_count":13,"like_count":42,"impression_count":10367,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

X Highlights

TL;DR Even in beta, PT Looping is already a dominant force in driving volume and more importantly, fees.

Now imagine extending this feature and service to all DeFi loops, not just Pendle ones…

@pendle_fi's PT utility + adoption imo.\n\nOne of the biggest drivers behind Pendle's explosive growth during the YBS era was leverage looping.\n\nLock in fixed yield via PTs → borrow against the","username":"0xCheeezzyyyy","name":"Cheeezzyyyy","profile_image_url":"https://pbs.substack.com/profile_images/1847973781920456704/0UqNQZ1J_normal.jpg","date":"2026-08-25T02:09:38.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HQiIR3VaYAARYe6.jpg","link_url":"https://t.co/QniwU5o5yu"}],"quoted_tweet":{"full_text":"Two days ago we just saw the largest share of total daily volume routing through the PT looper\n\nThis was $5.5m in looped volume all routed through a SINGLE click.\n\nIt also meant:\n📌 +$4.4m TVL for @Morpho \n📌 +$1.1m TVL for @aave \n\nFrom a 1-month old product 🤫\n\nPendle","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg"},"reply_count":37,"retweet_count":17,"like_count":94,"impression_count":5904,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Why are you leaving 20%, 30% or even 40% Fixed APRs on the table?

crossex.pendle.finance//#/rates\n\n24% apy on 10k and 22% apy on 100k so tasty liquidity available","username":"crypto_linn","name":"🉐 Crypto Linn","profile_image_url":"https://pbs.substack.com/profile_images/1654487711653265410/9Fzvqbhr_normal.jpg","date":"2026-08-29T03:14:22.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HQ29IAYb0AAq1Ba.jpg","link_url":"https://t.co/d9WRAN1lZX"}],"quoted_tweet":{"full_text":"Gonna keep posting about https://t.co/QvEGoBR0WR by @pendle_fi team till people realize how incredible this is...\n\nHow many teams spoonfeed highly detailed opportunities (including analysis) for you to review and select\n\nPendle wants you to win\n\n(the website has \"sex\" in it but","username":"crypto_linn","name":"🉐 Crypto Linn","profile_image_url":"https://pbs.substack.com/profile_images/1654487711653265410/9Fzvqbhr_normal.jpg"},"reply_count":7,"retweet_count":9,"like_count":45,"impression_count":5708,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

A walkthrough of Pendle PT oracle on Aave:

@pendle_fi PTs have an evolving risk profile from issuance to maturity, but most DeFi protocols don't have a mechanism to recognize this fact.\n\nIntroducing LlamaGuard PT, a risk oracle that adapts to the properties of PT collateral. 🧵 ","username":"LlamaRisk","name":"LlamaRisk","profile_image_url":"https://pbs.substack.com/profile_images/1986066877450264577/UtZAL5LV_normal.jpg","date":"2026-08-18T14:09:26.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HQAp54ibwAU--YO.jpg","link_url":"https://t.co/XVkokN96V9"}],"quoted_tweet":{},"reply_count":5,"retweet_count":12,"like_count":87,"impression_count":18033,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

And last but certainly not least…come on Brian, you can do better.

That’s it for this issue.

Attention and capital is scarce in this market – and for that we thank you for your continuous support.

If you found The Pendle Print useful, why not spread the love?

pendle.finance | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Boros Broadcast #10

Boros Intern — Tue, 25 Aug 2026 10:31:31 GMT

Boros is the first and only funding rate swap market in DeFi – built for traders who want to take a view on where the rates are going, or hedge the exposure you already have.

The Boros Broadcast covers the funding rate landscape: the current rate environment, what the macro is doing to them, and where the opportunities are.

Key Updates

How to earn DeFi’s highest yields in 5 steps:

Our P2P Marketplace (with $PENDLE incentives!) is live:

Come trade September’s contract rollover with our new BRENTOIL maturity:

Unlock 20-40% APR on $HYPE, $BTC and $ETH with our September maturities:

Get paid to trade funding rates on our P2P Marketplace:

Strategy Highlights

Linn shares a secret trade institutions won’t tell you about:

The highest fixed rate in finance:

Linn spoonfeeding easy yield strategies on Boros:

crossex.pendle.finance by @pendle_fi team till people realize how incredible this is...\n\nHow many teams spoonfeed highly detailed opportunities (including analysis) for you to review and select\n\nPendle wants you to win\n\n(the website has \"sex\" in it but ","username":"crypto_linn","name":"🉐 Crypto Linn","profile_image_url":"https://pbs.substack.com/profile_images/1654487711653265410/9Fzvqbhr_normal.jpg","date":"2026-08-21T08:23:00.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HQNyW8XbwAExRnw.jpg","link_url":"https://t.co/CwphsgIJ7b"}],"quoted_tweet":{},"reply_count":15,"retweet_count":8,"like_count":60,"impression_count":10332,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Intern explains how 20-40% yields through funding rates are real and sustainable:

@boros_fi's new arbitrage terminal for delta-neutral yields as high as 20-40% APR!\n\n4 steps to serious yield:\n\n1. Install terminal\n2. Create @Gate account\n3. Plug in API key\n4. Execute your first arbitrage ","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg","date":"2026-08-17T14:07:26.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HP7eQZCXAAAgxn5.jpg","link_url":"https://t.co/ZznF5ZfYTU"}],"quoted_tweet":{},"reply_count":7,"retweet_count":7,"like_count":43,"impression_count":5410,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Yankee breaks down everything you need to know about Boros and CrossEx for yield:

Intern’s take on the trades to make on Boros if you’re sidelined:

RightSide shares how to turn $HYPE funding rates into profit:

0xJA explains how to win on Boros:

Until next time.

The market rewards those who pay attention. Thanks for being one of them 💜

And if you found The Boros Broadcast useful, why not spread the love?

App | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Pendle Print #123

Dillon Yap — Mon, 17 Aug 2026 10:04:20 GMT

Pendle is the ultimate yield market in DeFi – fixed yields, leveraged yield + points trading, and funding rate swaps (via Boros).

The objective of The Pendle Print is to distill the developments in DeFi yield markets into a succinct and actionable format.

Subscribe now

Important Highlights ✨

PT Looping just got even better on Pendle.

+2% for all your looped PTs BEFORE leverage.

That means with a 10x loop, we’re looking at a +20% APY for you 👀

Not enough liquidity? We got you covered too.

The new Pendle Ecosystem USDC vault on Morpho should help with that.

Oh and if you’re looking for some easy yield for your USDC:

@Morpho 🦋\n\nCo-curated by Pendle and Armitage, @wintermute_t's vault curation arm.\n\nDeposit USDC, earn yield from PT borrow demand, plus a share of 7,500 $PENDLE weekly! ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-08-12T13:00:23.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HPhgj-_bwAAGkz9.jpg","link_url":"https://t.co/qYPsMNzurF"}],"quoted_tweet":{},"reply_count":25,"retweet_count":29,"like_count":227,"impression_count":112998,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

To complement the entire PT Looping economy, we’ve also bumped up the input limit (i.e. initial capital for PT Looping) to $1.5M.

Plus, you get access to higher leverage now too:

The grand plan? To make this PT Looping flywheel go round and round and round and round and…

@Morpho goes live, allowing you to earn yield from depositing $USDC, which will be allocated to PT markets\n\n🔹7,500 weekly PENDLE rewards go live for the","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-08-13T09:30:03.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HPl6Ap7aQAEAZXa.jpg","link_url":"https://t.co/8vpAtM1tVp"}],"quoted_tweet":{"full_text":"The Pendle Ecosystem USDC vault is now live on @Morpho 🦋\n\nCo-curated by Pendle and Armitage, @wintermute_t's vault curation arm.\n\nDeposit USDC, earn yield from PT borrow demand, plus a share of 7,500 $PENDLE weekly!","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg"},"reply_count":18,"retweet_count":6,"like_count":113,"impression_count":10343,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Strategy Highlights 💰

PT-reUSD looping on Morpho | up to 55.5% APY
PT-AUSD looping on Euler | up to 40.5% APY
PT-sUSDe looping on Aave | up to 31.75% APY
PT-sUSDS looping on Morpho | up to 30.98% APY
PT-srUSDe looping on Aave | up to 28.52% APY

New Pool Highlights

USDG (Oct 2026) on X Layer, with $20k USDG rewards for LP in the 1st month, and Aave market (plus more incentives!) soon
srUSDat (Jan 2027)
SIERRA (Oct 2026)
sBOLD (Jan 2027)

@monad 🤝\n\nIntroducing @strata_markets srUSDat (Jan 2027) ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-08-10T12:00:26.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HPW_qMzbIAA4svg.jpg","link_url":"https://t.co/AvBt5ACGw3"}],"quoted_tweet":{},"reply_count":12,"retweet_count":9,"like_count":105,"impression_count":16279,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

@pendle_fi just went live!\n\nWe have allocated at least 25,000,000 Peaks to YT holders for this final Pendle market prior to the TGE of the Sierra Governance Token (SGT)\n\nRead below to learn more about our next market👇 ","username":"SierraIsMoney","name":"Sierra","profile_image_url":"https://pbs.substack.com/profile_images/2062466802429353984/YwKXQ2x9_normal.jpg","date":"2026-08-06T16:13:01.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HPDL-gwWAAAEyar.jpg","link_url":"https://t.co/pfKeSeG58R"}],"quoted_tweet":{},"reply_count":5,"retweet_count":120,"like_count":70,"impression_count":3563,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

@LiquityProtocol v2's Stability Pool.\n\nsBOLD is live on @pendle_fi👇 ","username":"k3_capital","name":"K3 Capital","profile_image_url":"https://pbs.substack.com/profile_images/1928129393500528640/-zeCXC6P_normal.jpg","date":"2026-08-06T12:55:55.000Z","photos":[{"img_url":"https://substackcdn.com/image/fetch/$s_!al74!,w_1028,c_limit,f_auto,q_auto:best,fl_progressive:steep/l_play_button_usfui2,w_88,e_colorize:0/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F__ss-rehost__tw-video-preview-13_2085349137659346944.jpg","link_url":"https://t.co/OMMsydwLBG"}],"quoted_tweet":{},"reply_count":3,"retweet_count":5,"like_count":29,"impression_count":4647,"expanded_url":null,"video_url":"https://video.twimg.com/amplify_video/2085349137659346944/vid/avc1/720x900/tn4d3ISVLFlK9x4N.mp4?tag=14","video_preview_media_key":"13_2085349137659346944","belowTheFold":true}" data-component-name="Twitter2ToDOM">

Pencosystem

Lido includes PT-srUSDe Aave loops into their EarnUSD:

LlamaRisk introduces LlamaGuardPT:

@LlamaRisk is introducing LlamaGuard PT, an automated risk oracle for Pendle PT collateral on Aave, built on @chainlink CRE.\n\nIt computes the parameters risk stewards set by hand today, with step size caps, deviation gates, and minimum delays enforced onchain.","username":"aave","name":"Aave","profile_image_url":"https://pbs.substack.com/profile_images/1808921860781821952/CmtvkzWo_normal.png","date":"2026-08-12T15:01:52.000Z","photos":[],"quoted_tweet":{"full_text":"1/Introducing LlamaGuard PT: an automated risk oracle for Pendle PT collateral on @aave, built on @chainlink CRE.\n\nMarkets move in seconds. Risk parameters move through days of analysis, proposal, vote & execution.\n\nLlamaGuard PT closes that gap without removing the guardrails.","username":"LlamaRisk","name":"LlamaRisk","profile_image_url":"https://pbs.substack.com/profile_images/1986066877450264577/UtZAL5LV_normal.jpg"},"reply_count":8,"retweet_count":16,"like_count":148,"impression_count":23459,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Fixed borrow rate for PT-strUSD on Term:

@pendle_fi PT of @tori_finance strUSD — with the financing rate locked through maturity. ","username":"term_labs","name":"Term Labs","profile_image_url":"https://pbs.substack.com/profile_images/1911804410910384128/mcp4ExTw_normal.jpg","date":"2026-08-05T14:41:47.000Z","photos":[{"img_url":"https://substackcdn.com/image/fetch/$s_!B3SJ!,w_1028,c_limit,f_auto,q_auto:best,fl_progressive:steep/l_play_button_usfui2,w_88,e_colorize:0/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F__ss-rehost__tw-video-preview-13_2085011828082384896.jpg","link_url":"https://t.co/xdPlVO5cUa"}],"quoted_tweet":{},"reply_count":1,"retweet_count":9,"like_count":39,"impression_count":3627,"expanded_url":null,"video_url":"https://video.twimg.com/amplify_video/2085011828082384896/vid/avc1/720x720/5oNrfvXyyAcNgX20.mp4","video_preview_media_key":"13_2085011828082384896","belowTheFold":true}" data-component-name="Twitter2ToDOM">

The highest fixed yield in finance:

@boros_fi + CrossEx by @Gate) where you can get up to 24.5% FIXED APR that's also DELTA NEUTRAL.\n\nStupidly easy to set-and-forget with the CrossEx-Boros Terminal, which will cradle you like baby girl through the process, which takes ~5 mins - if","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-08-10T09:15:40.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HPWZ8sgaMAA9OOZ.jpg","link_url":"https://t.co/68Vd5lkOGd"}],"quoted_tweet":{"full_text":"A fixed spread with zero price exposure (historically reached 20-40% APR) is now STUPIDLY EASY to execute thanks to this tool.\n\nAnd hey, if you have a @Gate account, you’re already halfway there 😉\n\nStrategy Summary\n\nLong perp + short perp across venues to capture the funding","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg"},"reply_count":6,"retweet_count":8,"like_count":98,"impression_count":21174,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

X Highlights

How Pendle PTs became one of the main TVL drivers of Morpho:

@Morpho, they’re also being used to unlock liquidity.\n\n🔹 Roughly $176M in @pendle_fi PTs now sits as collateral on Morpho.\n🔸 @aave holds around $48.9M.\n🔹 About 57% of Morpho’s PT collateral is RWA-backed.\n\nSo how did fixed-yield ","username":"HouseofChimera","name":"House of Chimera","profile_image_url":"https://pbs.substack.com/profile_images/2055419649919971328/96wCup2J_normal.jpg","date":"2026-08-14T15:00:18.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HPsPMApbkAEyoOu.jpg","link_url":"https://t.co/nChQqujYF8"}],"quoted_tweet":{},"reply_count":13,"retweet_count":17,"like_count":71,"impression_count":10123,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

PENDLE 💙

And in summary:

RWAs on Pendle:

@pendle_fi is putting the composability of Plume assets to work for all of DeFi. ","username":"plumenetwork","name":"Plume","profile_image_url":"https://pbs.substack.com/profile_images/2084656829473148928/8_uGM259_normal.jpg","date":"2026-08-12T15:17:45.000Z","photos":[{"img_url":"https://substackcdn.com/image/fetch/$s_!Cwb1!,w_1028,c_limit,f_auto,q_auto:best,fl_progressive:steep/l_play_button_usfui2,w_88,e_colorize:0/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F__ss-rehost__tw-video-preview-13_2087559108081926144.jpg","link_url":"https://t.co/nx60LPOUch"}],"quoted_tweet":{},"reply_count":19,"retweet_count":53,"like_count":337,"impression_count":30471,"expanded_url":null,"video_url":"https://video.twimg.com/amplify_video/2087559108081926144/vid/avc1/1280x720/2zW3enOL3KqkYwrt.mp4?tag=14","video_preview_media_key":"13_2087559108081926144","belowTheFold":true}" data-component-name="Twitter2ToDOM">

And last but certainly not least…a recommended itinerary for TOKEN2049 Singapore:

@tn_pendle\n\nSee you all soon 🫡","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-08-14T02:45:44.000Z","photos":[],"quoted_tweet":{"full_text":"TN Lee (@tn_pendle) returns to TOKEN2049 Singapore.\n\nCo-Founder and CEO of @pendle_fi. He built the protocol that split yield from the assets that generate it, and turned it into one of DeFi's most technically serious teams.\n\nTickets: https://t.co/wbs8M1arie","username":"token2049","name":"TOKEN2049","profile_image_url":"https://pbs.substack.com/profile_images/1743523434309816320/tOt0gVL8_normal.jpg"},"reply_count":9,"retweet_count":3,"like_count":61,"impression_count":9024,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

That’s it for this issue.

Attention and capital is scarce in this market – and for that we thank you for your continuous support.

If you found The Pendle Print useful, why not spread the love?

pendle.finance | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Boros Broadcast #9

Boros Intern — Tue, 11 Aug 2026 11:05:40 GMT

Boros is the first and only funding rate swap market in DeFi – built for traders who want to take a view on where the rates are going, or hedge the exposure you already have.

The Boros Broadcast covers the funding rate landscape: the current rate environment, what the macro is doing to them, and where the opportunities are.

Key Updates

Boros turns 1:

You can now farm 20-40% Fixed APR with the CrossEx-Boros Terminal:

@Gate account, you’re already halfway there 😉\n\nStrategy Summary\n\nLong perp + short perp across venues to capture the funding","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-08-04T08:38:41.000Z","photos":[],"quoted_tweet":{"full_text":"There's a NEW META in crypto land.\n\nThanks to it, I'm getting 40% Fixed APR\n\nPASSIVELY\n\non 22.7k capital.\n\nIt's called Fixed Return Funding Rate Arbitrage. Funding rate arb, ON STEROIDS.\n\nFull playbook + the open-source tool I built to run it 👇\n\n#boros @boros_fi","username":"gabavineb","name":"Vu Gaba Vineb","profile_image_url":"https://pbs.substack.com/profile_images/1071229919235960833/bsJ_2b-e_normal.jpg"},"reply_count":7,"retweet_count":10,"like_count":71,"impression_count":16894,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":false}" data-component-name="Twitter2ToDOM">

Come arbitrage ETH and BTC funding rates with our September maturities:

Strategy Highlights

Pendle Intern explains how to get 40% fixed APR with no liquidation risk:

How to lock in 19.1% APR for 5 months:

Kazu explains how the 4-leg strategy with the new terminal works:

Looking for Boros trading strategies? Make sure to look at Boros Explorer:

borosexplorer.com/analytics/wall… for the easiest way to find profitable strategies on @boros_fi \n\nDev keeps improving it as well, mucho mucho useful ","username":"crypto_linn","name":"🉐 Crypto Linn","profile_image_url":"https://pbs.substack.com/profile_images/1654487711653265410/9Fzvqbhr_normal.jpg","date":"2026-08-03T15:29:00.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HOyMEvkboAAvBD-.jpg","link_url":"https://t.co/apcbtgZ0m5"}],"quoted_tweet":{},"reply_count":10,"retweet_count":4,"like_count":37,"impression_count":2602,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

How to trade August’s monthly oil rollover with Boros:

RightSide explains how to get 48.5% APR for 22 days:

Gareth explains why perp rates differ across platforms, and how Boros turns them into tradable markets:

Yoko’s in-depth tutorial on trading Boros and the new CrossEx-Boros Terminal:

@boros_fi 的设计初衷：Boros是 @pendle_fi","username":"pendle_grandma","name":"Yoko | Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1927433275791798272/w-mAqgpC_normal.jpg","date":"2026-08-11T10:29:51.000Z","photos":[],"quoted_tweet":{},"reply_count":5,"retweet_count":6,"like_count":10,"impression_count":775,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

yourQuantGuy explains why using the new terminal makes funding rate arbitrage far less risky:

Until next time.

The market rewards those who pay attention. Thanks for being one of them 💜

And if you found The Boros Broadcast useful, why not spread the love?

App | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Pendle Print #122

Dillon Yap — Mon, 03 Aug 2026 10:02:13 GMT

Pendle is the ultimate yield market in DeFi – fixed yields, leveraged yield + points trading, and funding rate swaps (via Boros).

The objective of The Pendle Print is to distill the developments in DeFi yield markets into a succinct and actionable format.

Subscribe now

Important Highlights ✨

RWAs were the clearest growth driver of our first half, and that momentum is where we’re concentrating for the rest of 2026 and beyond.

Here’s a quick look at some of the highlights you may have missed:

As for Boros, our learnings over the past year have led us to conclude that the biggest opportunity for us now is the funding rate gap/inefficiency between venues.

In other words, PIES 🥧

Missed the community call? Don’t worry, Intern’s got you covered with this 2min summary.

Some highlights of what’s next for Pendle:

Curator infrastructure, opening up listings to external curators, with PTs usable as collateral across major lending venues
Co-curated Pendle branded vaults holding only PTs with a proven track record, starting with Morpho
Working directly with RWA issuers on compliant ways to bring DeFi utility to permissioned assets (TN has been hard at work in NYC)

Some new additions to PT Looping including Sky PT-sUSDS, with more to come next, including Aave V4 and Euler:

@Morpho markets on Pendle's PT looping:\n\n🔹 @3janexyz PT-USD3\n🔹 @SkyMoney PT-sUSDS\n🔹 @saturn_credit PT-USDat\n\nYields up to 38.7% APY are now just a mouse click away ⚡","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-08-01T04:41:08.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HOnEzdZa8AAD4yy.jpg","link_url":"https://t.co/tTp5wCikto"}],"quoted_tweet":{"full_text":"One of DeFi's most rewarding strategies, once gated behind an hour long labour of buy, lend, borrow, repeat... is now open for everyone with just a mouse click.\n\nEnjoy. https://t.co/PHd1MSBPdU","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg"},"reply_count":16,"retweet_count":9,"like_count":107,"impression_count":13208,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

sPENDLE in less than half a year:

ATL circulating supply
Over $3M in buyback
Emission down 71%
Buybacks outpacing emission

PENDLE.

New “Get Started” page to simplify your Pendle journey:

A very cool new tool that easily helps you arbitrage funding rate gaps between platforms (>20% delta neutral, fixed yield up for grabs).

All you need is this tool, a Gate account to access CrossEx, and a wallet for Boros:

Disclaimer: CrossEx-Boros Terminal is an independent tool, not built or maintained by Pendle. Use at your own risk.

@gabavineb\n\nTL:DR\n🔹Tool that helps you execute funding rate arbitrage (delta-neutral + fixed yield)\n🔹Long + Short leg on CrossEx with shared-pool collateral (any price movements cancel out each other's collateral changes)\n 🔹Long + Short on","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-07-30T09:01:45.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HOdtRnJagAAb40C.jpg","link_url":"https://t.co/H0ezzkv1Nt"}],"quoted_tweet":{"full_text":"There's a NEW META in crypto land.\n\nThanks to it, I'm getting 40% Fixed APR\n\nPASSIVELY\n\non 22.7k capital.\n\nIt's called Fixed Return Funding Rate Arbitrage. Funding rate arb, ON STEROIDS.\n\nFull playbook + the open-source tool I built to run it 👇\n\n#boros @boros_fi","username":"gabavineb","name":"Vu Gaba Vineb","profile_image_url":"https://pbs.substack.com/profile_images/1071229919235960833/bsJ_2b-e_normal.jpg"},"reply_count":5,"retweet_count":8,"like_count":64,"impression_count":8582,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Strategy Highlights 💰

PT-AUSD 8-OCT | 6.59% | $50M fills at 6.23% Effective APY | Loopable on Morpho, Euler & Curvance | One Click Looping
PT-sUSDS 26-NOV | 5.24% | $30M fills at 4.95% Effective APY | Loopable on Morpho | One Click Looping
PT-sUSDe 22-OCT | 4.06% | $30M fills at 3.77% Effective APY
PT-sUSDe 13-AUG | 4.21% | $15M fills at 3.81% Effective APY | Loopable on Morpho
PT-sUSDe 22-OCT | 4.09% | $15M fills at 3.85% Effective APY | Loopable on Aave | One Click Looping

New Pool Highlights

Tori strUSD (Nov 2026)
Tori trUSD (Nov 2026)
Ethena sUSDe (Oct 2026) on Monad
Alchemix mixUSDC (Oct 2026)
Alchemix mixWETH (Oct 2026)
Harmonix haHYPE (Jan 2027)

@tori_finance's trUSD and strUSD now available on Pendle.\n\nNot sure what they are?\nNot sure what you can do with them on Pendle?\n\nLet's take a look 👇 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-07-27T15:00:23.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HOPilqhboAAvVAZ.jpg","link_url":"https://t.co/dDUYj22yL0"}],"quoted_tweet":{},"reply_count":30,"retweet_count":12,"like_count":108,"impression_count":10695,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

@ethena sUSDe (22 Oct)\nOur adventure? @monad\n\nAnd this adventure comes with a bonus of 1.98M $MON in the first 2 weeks ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-07-22T13:01:08.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HN1XWGKb0AAYFBQ.jpg","link_url":"https://t.co/9rguC4UOxV"}],"quoted_tweet":{},"reply_count":15,"retweet_count":20,"like_count":125,"impression_count":23301,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

@pendle_fi\n\nYou can now deposit directly into our ETH and USDC Mix-Yield Tokens through Pendle.\n\nThis is the first of many DeFi integrations coming to v3.\n\nDeposit Mix-USDC and Mix-ETH here:\n\nUSDC\napp.pendle.finance/trade/markets/…\n\nETH\napp.pendle.finance/trade/markets/… ","username":"AlchemixFi","name":"Alchemix","profile_image_url":"https://pbs.substack.com/profile_images/2045451086425739264/Ex8xpWFH_normal.jpg","date":"2026-07-30T15:18:54.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HOfDmHsakAAkh1k.jpg","link_url":"https://t.co/bg2NozGnBg"}],"quoted_tweet":{},"reply_count":6,"retweet_count":10,"like_count":68,"impression_count":4805,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

@pendle_fi\n\nMatured PT-haHYPE has consistently delivered 4.4% APR on average\n\nNew market continues to be one of the best hyperliquid:native yield plays on HyperEVM ","username":"harmonixfi","name":"Harmonix Finance","profile_image_url":"https://pbs.substack.com/profile_images/1795360456686837760/dAl7G6dh_normal.png","date":"2026-07-30T10:01:18.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HOd4dc2bYAAnJ_p.png","link_url":"https://t.co/qq43A5GkFg"},{"img_url":"https://pbs.substack.com/media/HOd5Om1boAAPH3_.jpg","link_url":"https://t.co/qq43A5GkFg"}],"quoted_tweet":{},"reply_count":2,"retweet_count":3,"like_count":16,"impression_count":1455,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Pencosystem

Lido EarnUSD vault, now powered by Pendle PT-srUSDe too:

@strata_markets senior sUSDe tranche (srUSDe), looped on @aave, with boosted leverage via @twynexyz.\n\nPowered by @pendle_fi.\n\nFixed rate on top. First-loss capital underneath. ","username":"LidoFinance","name":"Lido","profile_image_url":"https://pbs.substack.com/profile_images/2017230622322839552/rh0ZIP84_normal.jpg","date":"2026-07-22T14:37:20.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HN1tEXpXcAAyKtK.jpg","link_url":"https://t.co/Uqkf796pSx"}],"quoted_tweet":{},"reply_count":10,"retweet_count":26,"like_count":122,"impression_count":28909,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

An agent that never sleeps, never logs off, and never misses an opportunity, and it’s now available for Pendle:

@ProjectVEXai × @pendle_fi brings agentic execution to on-chain yield.\n\nSet your yield mandate.\nApprove the mission once.\n\nVEX handles the rest // scanning Pendle markets across 11 chains and managing your PT, YT and LP positions within the ","username":"ProjectVEXai","name":"Project:VEX","profile_image_url":"https://pbs.substack.com/profile_images/2073038683834662912/Nbluy6Vt_normal.jpg","date":"2026-07-22T14:01:16.000Z","photos":[{"img_url":"https://substackcdn.com/image/fetch/$s_!5rRF!,w_1028,c_limit,f_auto,q_auto:best,fl_progressive:steep/l_play_button_usfui2,w_88,e_colorize:0/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F__ss-rehost__tw-video-preview-13_2079927155132444673.jpg","link_url":"https://t.co/VcLAYaNfdA"}],"quoted_tweet":{},"reply_count":72,"retweet_count":60,"like_count":254,"impression_count":39421,"expanded_url":null,"video_url":"https://video.twimg.com/amplify_video/2079927155132444673/vid/avc1/1280x720/sJo6oIAGLle9qbCk.mp4","video_preview_media_key":"13_2079927155132444673","belowTheFold":true}" data-component-name="Twitter2ToDOM">

Agora PT-AUSD, coming soon on Aave V3:

Intern Insights

PT looping is hands down one of the best, if not the best, high yielding strategies in DeFi.

A lot of that has to do with how Aave has designed their system and oracle around PT, which makes liquidation a very unlikely event:

@aave is super duper unlikely.\n\nSo yes, go ahead and max lev loop that sucker (NFA. No seriously, NFA)\n\nThis is all thanks to FIVE design choices working in your favour at the same time 👇🏻\n\n1️⃣ Aave codes PT price by ","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg","date":"2026-07-27T12:15:36.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HOO836wb0AAZBPA.jpg","link_url":"https://t.co/jT31q0y8tS","alt_text":"A shocked cartoon character highlights a formula explaining why Pendle PT on Aave is unlikely to be liquidated, emphasizing price stability."}],"quoted_tweet":{},"reply_count":9,"retweet_count":4,"like_count":36,"impression_count":8076,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

More points, more yield, same exposure.

Seriously, why are you still holding trUSD and strUSD?

@tori_finance users,\n\nDO NOT leave free money on the table.\n\nIf you're already holding/planning to hold trUSD or strUSD, just Pendle LP instead for:\n\n1) MORE points\n2) MORE yield\n\nLove,\nIntern ","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg","date":"2026-07-30T08:36:28.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HOdnfLVakAE3G3g.jpg","link_url":"https://t.co/yFsAnziy6G"}],"quoted_tweet":{},"reply_count":12,"retweet_count":5,"like_count":46,"impression_count":3800,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

X Highlights

How Pendle will continue to be the primary sector value discovery for any key + emerging narratives:

A great 2-week stretch for Pendle:

@pendle_fi just keeps building... and eating?? past 2 weeks of Pendle with receipts:\n\n1️⃣ TVL $1.08B → $1.21B. +12% in 14 days, casually, in a bear\n\n2️⃣ Boros OI $104M → $151M (+45%). and it was $48M a month ago. tripled ","username":"crypto_linn","name":"🉐 Crypto Linn","profile_image_url":"https://pbs.substack.com/profile_images/1654487711653265410/9Fzvqbhr_normal.jpg","date":"2026-07-28T09:32:17.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HOTg41VbMAAHyvv.jpg","link_url":"https://t.co/EFifYkh2RI"}],"quoted_tweet":{},"reply_count":21,"retweet_count":9,"like_count":78,"impression_count":5725,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Alea Research’s in-depth look into sPENDLE and PENDLE:

PENDLE NO SUS:

@pendle_fi maintained consistently positive sentiment over the past 12 months, alongside steady mindshare!\n\n- no hacks\n- no sketchy moves\n- transparent team and products\n- unique positioning (one of the pioneers in yield and ","username":"lowadka","name":"lowadka🌊","profile_image_url":"https://pbs.substack.com/profile_images/2010288597392588800/izUIjuD8_normal.jpg","date":"2026-08-02T04:15:53.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HOsGhUPakAAukc3.jpg","link_url":"https://t.co/rmo2R4SIJS"}],"quoted_tweet":{},"reply_count":19,"retweet_count":9,"like_count":64,"impression_count":5172,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

And last but certainly not least…a minor pivot in Pendle’s future plans:

That’s it for this issue.

Attention and capital is scarce in this market – and for that we thank you for your continuous support.

If you found The Pendle Print useful, why not spread the love?

pendle.finance | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Boros Broadcast #8

Boros Intern — Tue, 28 Jul 2026 10:01:17 GMT

Boros is the first and only funding rate swap market in DeFi – built for traders who want to take a view on where the rates are going, or hedge the exposure you already have.

The Boros Broadcast covers the funding rate landscape: the current rate environment, what the macro is doing to them, and where the opportunities are.

Key Updates:

We released our H1 update covering everything we’ve done in the first half of 2026:

We launched the first-ever SKHYNIX funding rate market on Boros:

Our BTC and BRENTOIL maturities for August/September are live:

Come arbitrage BTC, HYPE and ETH rates this August:

Strategy Highlights

Pendle Intern explains why SKHYNIX is a must-use when you’re trading the HL perp:

@boros_fi's new SKHYNIX-HL market to save yourself from these volatile funding rates!\n\nJust today, we’ve seen funding rates go from -450% to 276% (!!)\n\nWhether you were long or short, you had to pay out some seriously high funding.\n\nBut with ","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg","date":"2026-07-20T16:43:54.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HNr0LblWwAEcxez.png","link_url":"https://t.co/GOC6OudRsn"}],"quoted_tweet":{},"reply_count":9,"retweet_count":5,"like_count":28,"impression_count":2922,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Yankee explains the possible arbitrage unlocked by our SKHYNIX market:

Kazu explains the possible strategies to use when trading Boros’s SKHYNIX market:

Yoko explains why SKHYNIX got listed on Boros:

boros.pendle.finance/markets/176\n目前美版ADR SKHY 有25%左右溢价，7月29号转换日开启,搓搓手手期待一下！\n\n📍如果你还不知道海力士最近为什么火爆：\n- SK HYNIX 海力士主要在韩国交易\n- $SKHY 在美国上市，但股份数量有限，ADR约占流通股的 2.5% ","username":"pendle_grandma","name":"Yoko | Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1927433275791798272/w-mAqgpC_normal.jpg","date":"2026-07-20T08:06:01.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HNp_F4xbkAAiaJ2.jpg","link_url":"https://t.co/IQJ1JDsqEf"}],"quoted_tweet":{},"reply_count":4,"retweet_count":5,"like_count":20,"impression_count":6189,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Why traders can win on Boros no matter the market conditions:

Have you used the Boros Data Board yet? Linn breaks down how to find juicy yields with it:

@boros_fi board this morning and the ETH Hyperliquid / OKX pair looking JUICY\n\nHyperliquid's ETH crowd almost always pays richer funding than OKX's so there's a near-permanent gap where HL funding sits above OKX. over the last stretch that gap has averaged about","username":"crypto_linn","name":"🉐 Crypto Linn","profile_image_url":"https://pbs.substack.com/profile_images/1654487711653265410/9Fzvqbhr_normal.jpg","date":"2026-07-15T10:03:57.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HNQrVI9b0AAAHnE.jpg","link_url":"https://t.co/nzUuFX5xA6"}],"quoted_tweet":{"full_text":"The elites don't want you to know this but there is a dashboard that makes it so much easier to make money on @boros_fi \n\nHead over to: https://t.co/mN1u69uCOd","username":"crypto_linn","name":"🉐 Crypto Linn","profile_image_url":"https://pbs.substack.com/profile_images/1654487711653265410/9Fzvqbhr_normal.jpg"},"reply_count":18,"retweet_count":3,"like_count":36,"impression_count":6685,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Until next time.

The market rewards those who pay attention. Thanks for being one of them 💜

And if you found The Boros Broadcast useful, why not spread the love?

App | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Pendle Print #121

Dillon Yap — Mon, 20 Jul 2026 10:00:13 GMT

Greetings! Beginning with this issue, Pendle Print moves to a biweekly schedule.

This is an editorial decision that ensures only what genuinely warrants your attention makes it into the newsletter. Where a topic calls for immediate coverage, we will send it as a standalone note.

As always, thank you for reading 💌

Pendle is the ultimate yield market in DeFi – fixed yields, leveraged yield + points trading, and funding rate swaps (via Boros).

The objective of The Pendle Print is to distill the developments in DeFi yield markets into a succinct and actionable format.

Subscribe now

Important Highlights ✨

One of the most anticipated features, PT looping, is now live:

What has Pendle been up to? What are our plans for the rest of the year and beyond?

Find out LIVE on our Discord community call:

sPENDLE update: ATL emissions, ATH PENDLE staked, and a respectable stickiness:

What happens in Chiang Mai, will never stay in Chiang Mai, not while Intern is around:

Strategy Highlights 💰

PT looping is one of the best r/r plays in crypto, but the effort and mental overload can be too much.

Lucky for us, that’s no longer the case:

To paraphrase Kevin Malone, “Why variable yield when fixed yield do better?”

@SkyMoney sUSDS\n> 5.13% Fixed APY vs. 3.6% Sky Savings Rate\n> $30M clip gets 4.83% Effective Fixed APY\n> Still 123 b.p above SSR + Insti depth\n\nPower of Pendle Fixed Yield, baby 💪🏻 ","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg","date":"2026-07-13T07:14:31.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HNFxtDeasAALH-q.png","link_url":"https://t.co/WNVaoYl5iK"}],"quoted_tweet":{},"reply_count":6,"retweet_count":6,"like_count":38,"impression_count":3804,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

New Pool Highlights

USDC (Morpho cbBTC/USDC) DEC2026
USDat JUL2026 on Monad

@Morpho\n\nUSDC (Morpho cbBTC/USDC) is now live 🤝 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-07-17T09:49:50.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HNa7m9NbQAA4qRm.png","link_url":"https://t.co/3UaCJRuGNn"},{"img_url":"https://pbs.substack.com/media/HNa7nH7aEAANUd6.png","link_url":"https://t.co/3UaCJRuGNn"}],"quoted_tweet":{},"reply_count":11,"retweet_count":9,"like_count":143,"impression_count":13501,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

@monad!\n\nOh and starting on July 23, 470k $MON in incentives will flow to YTs over 2 weeks.\n\nTrade, speculate, or lock in fixed yield on @saturn_credit's T-Bill backed stablecoin 🪐 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-07-17T05:27:55.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HNZ_qj8aoAE_QTo.jpg","link_url":"https://t.co/I1od9RBpuo"}],"quoted_tweet":{},"reply_count":11,"retweet_count":13,"like_count":107,"impression_count":32010,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Pencosystem

gmonad to all those who YT-AUSD:

@monad have been bumped to $75k per week ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-07-16T00:00:09.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HNTrDhXaoAAPL0Z.jpg","link_url":"https://t.co/wCBGKaXo4L"}],"quoted_tweet":{},"reply_count":7,"retweet_count":9,"like_count":85,"impression_count":9003,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

ICYMI, PT-AUSD and PT-earnAUSD are now supported as collateral on Curvance (Monad):

Pendle’s Universal Swap just got even better:

@BungeeExchange V3 🌉\n\nFaster routing. Lower fees. Fewer clicks.\n\nSwap any token on any chain into any PT/YT in a single click.\n\nGas is handled for you - even when your wallet holds $0 on the chain. ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-07-11T04:58:52.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HM6_eVva4AA4Zbk.jpg","link_url":"https://t.co/FcgIMnLP1q"}],"quoted_tweet":{},"reply_count":13,"retweet_count":16,"like_count":121,"impression_count":20701,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Earn nMON rewards while looping:

@merkl_xyz Campaigns are live!\n\n1. Supply @withAUSD or @pendle_fi PT-AUSD to our Isolated Market\n2. Earn nMON Incentives in addition to base interest and DUST rewards! ","username":"Neverland_Money","name":"Neverland","profile_image_url":"https://pbs.substack.com/profile_images/2074176471669620737/c0aL-hya_normal.jpg","date":"2026-07-06T17:38:54.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HMj9e3JWgAEJU2D.jpg","link_url":"https://t.co/KINCB90Zch"}],"quoted_tweet":{},"reply_count":4,"retweet_count":11,"like_count":52,"impression_count":2665,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Intern Insights

T-Bill on Pendle > T-Bill:

X Highlights

The best fixed rate in DeFi?

@pendle_fi is at 18.3% FIXED RATE APR for the next ONE-HUNDRED AND FORTY-SEVEN earth days.\n\nThere are a few considerations:\n► reUSDe is about 3% underpeg\nThis is because redemption is ","username":"phtevenstrong","name":"Stephen | DeFi Dojo","profile_image_url":"https://pbs.substack.com/profile_images/2008361866267881473/07eHrRmN_normal.jpg","date":"2026-07-15T18:53:06.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HNSkhQ-XAAA_plP.png","link_url":"https://t.co/vbdUb1XPJk"},{"img_url":"https://pbs.substack.com/media/HNSklM_XAAA8LdE.jpg","link_url":"https://t.co/vbdUb1XPJk"}],"quoted_tweet":{},"reply_count":8,"retweet_count":3,"like_count":84,"impression_count":10680,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

$70B fixed yield settled since conception, with more to come 🤝

Hehe scroll down to see what’s #4 on the list:

Slap 2 horns and 4 legs on us because we’re about to go moo moo:

And last but certainly not least… a sneak peek into Intern’s Chiang Mai notes:

That’s it for this issue.

Attention and capital is scarce in this market – and for that we thank you for your continuous support.

If you found The Pendle Print useful, why not spread the love?

pendle.finance | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Pendle Print Special

Dillon Yap — Fri, 17 Jul 2026 01:49:31 GMT

Pendle is the ultimate yield market in DeFi – fixed yields, leveraged yield + points trading, and funding rate swaps (via Boros).

The objective of The Pendle Print is to distill the developments in DeFi yield markets into a succinct and actionable format.

Subscribe now

PT Looping (Beta) is now live on the Pendle app!

The feature provides automated, leveraged exposure to Pendle PTs (i.e. fixed yield), with looping currently supported through Morpho and Aave V3.

Integration of additional money markets, including Aave V4 and Euler, is underway.

At launch, the initiating deposit is capped at $500k as part of a measured, risk-managed rollout. This limit and expanded market support will be increased as the feature matures.

Try it today:

That’s it for this issue.

Attention and capital is scarce in this market – and for that we thank you for your continuous support.

If you found The Pendle Print useful, why not spread the love?

pendle.finance | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Boros Broadcast #7

Boros Intern — Tue, 14 Jul 2026 10:02:56 GMT

Boros is the first and only funding rate swap market in DeFi – built for traders who want to take a view on where the rates are going, or hedge the exposure you already have.

The Boros Broadcast covers the funding rate landscape: the current rate environment, what the macro is doing to them, and where the opportunities are.

Key Updates:

We hit over $20B in trading volume in less than a year!

We launched the Boros Data Board that gives you everything you need to trade funding rates like a pro:

Come trade our August ETH/BTC maturities:

Strategy Highlights

A quick reverse spread trade on $HYPE funding rates?

Why the Boros Data Board is a must-see for funding rate traders:

@boros_fi がHYPE, BTC, SOL, ETH などの主要銘柄の膨大なデータを統合して、Coinglassとかに全くないような長期的なFRの中央値、平均値、標準偏差などのデータも用意されてて、\n\nしかも全部無料公開🐣 ","username":"KazumaxCrypto","name":"CryptoKazu |エアドロ・Defi・Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1998689268106145792/zGdS6oN9_normal.jpg","date":"2026-07-04T02:43:13.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HMWbj7aaEAENRvf.jpg","link_url":"https://t.co/S3XHH2FOnI"},{"img_url":"https://pbs.substack.com/media/HMWbninaoAAwR0B.jpg","link_url":"https://t.co/S3XHH2FOnI"},{"img_url":"https://pbs.substack.com/media/HMWbrvdaUAA3rBp.jpg","link_url":"https://t.co/S3XHH2FOnI"}],"quoted_tweet":{},"reply_count":6,"retweet_count":8,"like_count":86,"impression_count":10782,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Pendle Intern’s 3 high-hit-rate setups on Boros:

@boros_fi for you today...\n\nThink you could profit off these funding rates spreads reverting back to their historical average?\n\n(NFA, as always) ","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg","date":"2026-07-01T15:17:38.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HMJqn_aXcAAOw2h.jpg","link_url":"https://t.co/UJbUrMXQzI"}],"quoted_tweet":{},"reply_count":4,"retweet_count":3,"like_count":21,"impression_count":2174,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

The similarities between Pendle and Boros (and using them to trade profitably):

@0xanonnnn 都来跟我啧啧啧你看你看Boros pnl的榜一大哥月入一万刀。\n\nBoros上的机会到底是如何架构的？ ","username":"pendle_grandma","name":"Yoko | Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1927433275791798272/w-mAqgpC_normal.jpg","date":"2026-07-01T09:49:11.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HMIeZYDaoAAFpDF.jpg","link_url":"https://t.co/u2kGbDHQ5v"}],"quoted_tweet":{},"reply_count":5,"retweet_count":8,"like_count":24,"impression_count":2806,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

How to unlock 14-15.5% delta-neutral fixed-yield with Gate and Boros:

Short oil funding with increased geopolitical tensions?

@boros_fi \nPendle @pendle_fi","username":"0xanonnnn","name":"QQㄋㄟㄋㄟ甜到咩噗的Yankee","profile_image_url":"https://pbs.substack.com/profile_images/1714202148660019200/6l5EmGoY_normal.jpg","date":"2026-07-08T08:51:59.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HMsX8XCbgAAgp-k.jpg","link_url":"https://t.co/Gpa9lnpD7z"},{"img_url":"https://pbs.substack.com/media/HMsX8YCb0AASqDE.jpg","link_url":"https://t.co/Gpa9lnpD7z"}],"quoted_tweet":{"full_text":"一月一度的换月周期又来了，与以往不同，本次可能是最平缓的一次换月，整体呈现轻微的Contango结构（远期升水）\n\nBoros上面不少聪明人从-40%一路做多上来，到现在的implied apr是10.87%，真的舒服了😭 https://t.co/lZvPv1Lk7m","username":"0xanonnnn","name":"QQㄋㄟㄋㄟ甜到咩噗的Yankee","profile_image_url":"https://pbs.substack.com/profile_images/1714202148660019200/6l5EmGoY_normal.jpg"},"reply_count":2,"retweet_count":7,"like_count":13,"impression_count":8377,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Until next time.

The market rewards those who pay attention. Thanks for being one of them 💜

And if you found The Boros Broadcast useful, why not spread the love?

App | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Boros Broadcast #6

Boros Intern — Tue, 30 Jun 2026 10:03:27 GMT

Boros is the first and only funding rate swap market in DeFi – built for traders who want to take a view on where the rates are going, or hedge the exposure you already have.

The Boros Broadcast covers the funding rate landscape: the current rate environment, what the macro is doing to them, and where the opportunities are

Key Updates:

Our July maturities for BTC, ETH, SOL and HYPE are live (come arbitrage the spread!):

Boros traders can use Arkis as their prime broker to enable yields as high as 16% APR on $1m:

New limit order incentives on Boros make it even easier for traders to win:

Strategy Highlights

yourQuantGuy explains how to use Gate’s CrossEx to unlock 21.8% delta-neutral yield with Boros:

@boros_fi 上的中性费率套利的可行性高了不少，比如Bybit和Hyperliquid上的HYPE套利，能在delta neutral的前提下，收取固定的21.8%的年化收益。\n\n截图里的是Boros自带的工具，可以在快速开始 -> 捕捉价差中找到，显示的是根据10倍杠杆计算的收益。 ","username":"yourQuantGuy","name":"yourQuantGuy","profile_image_url":"https://pbs.substack.com/profile_images/1921904182144958464/Pog_SOSz_normal.jpg","date":"2026-06-21T23:18:00.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLX2_nvWMAAwz02.jpg","link_url":"https://t.co/bicuXzhkDC"}],"quoted_tweet":{},"reply_count":18,"retweet_count":21,"like_count":158,"impression_count":25076,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

The edge in funding rates you’ve never heard of:

Intern’s reverse spread trade breakdown:

@kucoincom and @HyperliquidX ETH funding has never been this small. \n\nThis means you can do a reverse spread trade on Boros to bet on the spread reverting to its average… profiting on both legs!\n\nHow to do this 🧵 ","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg","date":"2026-06-26T08:04:21.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLuTjQDXkAA1e8b.jpg","link_url":"https://t.co/UeDS11lpfU"}],"quoted_tweet":{},"reply_count":7,"retweet_count":4,"like_count":20,"impression_count":2610,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Yoko spots a mean reversion opportunity for intrepid Boros traders:

Intern explains how the new Boros trading incentives work:

@boros_fi definition at least - especially with the latest update to our incentives.\n👇 ","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg","date":"2026-06-21T23:58:36.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLYEVJQakAA7r43.png","link_url":"https://t.co/BtWw1Nltfb"}],"quoted_tweet":{},"reply_count":9,"retweet_count":7,"like_count":36,"impression_count":3890,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

How to get 10.91% APR on Boros:

RightSide explains how to get 38% on BTC with Boros:

Yoko’s multi-course education piece on farming yield:

@boros_fi 上有两个机会很值得研究一下: \n37天拿12%-18%的APR。\n套利小能手们看过来！\n\n---------------------🍲上前菜🍲----------------------\n\n▶️先说说Boros是什么？\nBoros由Pendle团队开发的新平台，去年8月上线。 ","username":"pendle_grandma","name":"Yoko | Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1927433275791798272/w-mAqgpC_normal.jpg","date":"2026-06-23T13:45:33.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLgCZB6XEAA8vwI.jpg","link_url":"https://t.co/bsfKGf6a1A"}],"quoted_tweet":{},"reply_count":7,"retweet_count":4,"like_count":22,"impression_count":2655,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Why Boros is one of the few ways to get fixed 20% yield in this market:

Until next time.

The market rewards those who pay attention. Thanks for being one of them 💜

And if you found The Boros Broadcast useful, why not spread the love?

App | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Pendle Print #120

Dillon Yap — Mon, 29 Jun 2026 10:03:51 GMT

Salutations readers!

Pendle Print is off next week while the team heads into a company-wide retreat. No, it won’t be sunshine and roses and Mai Tais. TN Lee, our glorious leader, has plans to lock us in a room as we strategize on the best ways to make Pendle the greatest yield protocol in the world.

Pendle Print shall return in the week of 13th July.

Pendle is the ultimate yield market in DeFi – fixed yields, leveraged yield + points trading, and funding rate swaps (via Boros).

The objective of The Pendle Print is to distill the developments in DeFi yield markets into a succinct and actionable format.

Subscribe now

Important Highlights ✨

Over $60B of fixed yield successfully settled since the launch of V2, with Pendle PT working exactly as intended and designed:

Pendle on Monad in 10 days:

@monad:\n\n• 5th largest protocol on Monad\n• Over $50M TVL\n• Over $22M trading volume\n\nMore Pencosystem integrations and updates to come soon. Job's not done 🫡 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-29T06:39:52.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HL9jgz1bQAAaCF6.jpg","link_url":"https://t.co/TJuPN9FEXB"}],"quoted_tweet":{},"reply_count":1,"retweet_count":1,"like_count":6,"impression_count":1827,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

A sprawling RWA report by Castle Labs, featuring Pendle and our role in growing the RWA economy:

@castle_labs for their excellent report!\n\nFixed income and interest rate swaps are how institutions allocate at scale, and bringing that structure to RWAs is what makes them usable for the strategies institutions already run.\n\nWith ~$28B in RWAs onchain and only","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-24T01:31:37.000Z","photos":[],"quoted_tweet":{"full_text":"Real-World Assets: Bringing TradFi Onchain\n\nMapping the growth of RWAs and Institutional Adoption\n\nCo-produced with @redstone_defi for @TokenizeThisNYC\n\nFull free report here: https://t.co/ys7tgHtxX5","username":"castle_labs","name":"Castle Labs 🏰","profile_image_url":"https://pbs.substack.com/profile_images/2036112929171656705/hEkBVcXF_normal.jpg"},"reply_count":13,"retweet_count":7,"like_count":59,"impression_count":10010,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Pendle weekly updates in 3 mins:

Strategy Highlights 💰

6.74% Fixed APY for $5M - double the native yield offered by AUSD’s floating rate:

@withAUSD is quoting a ~6.9% fixed yield against a 3.5% native AUSD T-bill base, allowing you to pick up ~2x the underlying to October.\n\nPrice impact is essentially flat to $10M, holding within ~21bps.\n\nInstitutional fixed yield has arrived on @monad 🤝 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-26T04:14:57.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLtk2vYaEAAdYlG.jpg","link_url":"https://t.co/JFbtp2lD0y"}],"quoted_tweet":{},"reply_count":10,"retweet_count":4,"like_count":62,"impression_count":11185,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

With numbers like these still up for grab, it’s safe to say the market hasn’t caught on yet.

Yes, the incentives last the ENTIRE maturity for the Monad pools/

Yes, they might even INCREASE.

@withAUSD Incentives LAST THE ENTIRE MATURITY, so easy for projections.\n\nAnd you're telling me incentives might 2x later?\n\nBRB 🏃🏻","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg","date":"2026-06-24T02:43:51.000Z","photos":[],"quoted_tweet":{"full_text":"Is this the most bountiful market on Pendle now 👀\n\n🔹$50k weekly rewards for YT, with possibly more on the way?\n🔹Rewards are confirmed to last the ENTIRE maturity\n🔹108% ROI for YT at time of writing; 7.35% Fixed APY on AUSD\n\n@withAUSD x @monad x Pendle 🤝 https://t.co/ibVCjJVUwZ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg"},"reply_count":8,"retweet_count":4,"like_count":25,"impression_count":5228,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

RWA - the new king of yield markets:

New Pool Highlights

sUSD3 (Dec 2026)
srUSDe (Oct 2026)
jrUSDe (Oct 2026)
USP (Nov 2026)
slisBNBx (Oct 2026)

@3janexyz\n\nFix, speculate or trade yields (and $JANE rewards), from uncollateralized crypto loans to RWA fintech installment loans. ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-24T15:00:28.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLlmJJObUAAiITP.png","link_url":"https://t.co/WjCxcCfODi"}],"quoted_tweet":{},"reply_count":13,"retweet_count":10,"like_count":84,"impression_count":13319,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

@pendle_fi x @ethena pools 👇 ","username":"strata_markets","name":"Strata","profile_image_url":"https://pbs.substack.com/profile_images/2019011893847883776/TnRif0zU_normal.jpg","date":"2026-06-24T14:51:26.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLlkEqnaIAAkFvl.png","link_url":"https://t.co/7hp7f0Tm9F"}],"quoted_tweet":{},"reply_count":5,"retweet_count":3,"like_count":22,"impression_count":7613,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

@pendle_fi:\n\n→ Lock in fixed yield on USP \n→ Trade USP yield with YT/PT mechanics \n→ Farm LP rewards with boosted incentives \n→→ HOLD YT USP Yield Optimized Stablecoin\n→→ LP in Pendle USP Yield Optimized Stablecoin\n\nVisit USP Pool →","username":"PikuFinance","name":"Piku","profile_image_url":"https://pbs.substack.com/profile_images/1925161532452687873/Li1sfHdJ_normal.jpg","date":"2026-06-26T11:14:24.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLvFYGhWAAApJLe.jpg","link_url":"https://t.co/Hsdb95kmQS"}],"quoted_tweet":{"full_text":"The current USP pool on @pendle_fi has matured.\n\nUsers can now redeem their respective positions through Pendle.\n\nFor users who wish to maintain exposure, the newly relaunched USP pool is available as the next opportunity to roll over capital and continue participating in USP","username":"PikuFinance","name":"Piku","profile_image_url":"https://pbs.substack.com/profile_images/1925161532452687873/Li1sfHdJ_normal.jpg"},"reply_count":2,"retweet_count":3,"like_count":17,"impression_count":1087,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

@pendle_fi is live \n\nReminder for users from the slisBNBx-24JUN2026 pool, to continue earning, migrate your liquidity to the new pool.\n\nFor new users, you can deposit LP and start earning 5.66% APY.\n\n👉 app.pendle.finance/trade/pools/0x… ","username":"lista_dao","name":"Lista DAO","profile_image_url":"https://pbs.substack.com/profile_images/2006524473323778048/ekWFvFN3_normal.jpg","date":"2026-06-24T12:36:08.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLlE_jiXEAAs_Pe.jpg","link_url":"https://t.co/qKfUcIrwIw"}],"quoted_tweet":{},"reply_count":7,"retweet_count":8,"like_count":63,"impression_count":8639,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Pencosystem

New maturity, new Aave market:

@aave. ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-24T06:43:48.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLj0dBaW8AAZpNS.jpg","link_url":"https://t.co/8dwf00vhjS"}],"quoted_tweet":{},"reply_count":21,"retweet_count":10,"like_count":111,"impression_count":15529,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Agora PTs (Monad) are now live as collateral on Euler:

@monad just got best-er\n\n✅ 28% APY for @withAUSD PT-AUSD\n✅ 94% APY for @upshift_fi PT-earnAUSD\n\ngmonad","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-25T08:45:55.000Z","photos":[],"quoted_tweet":{"full_text":"AUSD PT borrow markets are now live on @eulerfinance on @monad\n\n→ PT-AUSD / AUSD\n→ PT-earnAUSD / AUSD\n\nBorrow against your @pendle_fi PT tokens and loop to amplify the yield ↓","username":"alphagrowth1","name":"alphagrowth","profile_image_url":"https://pbs.substack.com/profile_images/1970196035730309121/JMUg_PVs_normal.jpg"},"reply_count":13,"retweet_count":7,"like_count":93,"impression_count":12686,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

New external incentives for Origin wOUSD:

Fixed Yield for Sky Savings Rate, powered by Pendle:

@SkyMoney's article below 👇🏻 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-23T07:32:01.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLe16XGboAANjtu.png","link_url":"https://t.co/hq1I0PXFQm"}],"quoted_tweet":{},"reply_count":5,"retweet_count":7,"like_count":52,"impression_count":7978,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

PT-reUSDe market goes live on Euler:

@Cassa_fyi has launched the PT-reUSD / AUSD market on @eulerfinance.\n\nreUSD connects onchain capital to fully collateralized reinsurance contracts.\n\nExplore the market ↓","username":"re","name":"Re","profile_image_url":"https://pbs.substack.com/profile_images/1999166607638265856/-2lfeHam_normal.jpg","date":"2026-06-22T19:47:38.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLcUr1Wa0AAOgZ7.jpg","link_url":"https://t.co/858KwKRCs1"}],"quoted_tweet":{"full_text":"First @re's reUSD integration on Euler Finance!\n\nCassa launches the PT-reUSD / AUSD @eulerfinance Market on Ethereum with $400k of seeded liquidity.\n\nThis pairs the reUSD @pendle_fi’s fixed-yield Principal Token @withAUSD Agora’s institutional stablecoin.\n\n🧵 👇","username":"Cassa_fyi","name":"Cassa","profile_image_url":"https://pbs.substack.com/profile_images/2043578054069686272/w2g0Hq-H_normal.png"},"reply_count":7,"retweet_count":9,"like_count":70,"impression_count":13741,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

I call this “The Pendle Directory”:

@turtledotxyz - making Pendle opportunities easier for everyone 🐢","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-23T01:39:43.000Z","photos":[{"img_url":"https://substackcdn.com/image/fetch/$s_!FcP_!,w_1028,c_limit,f_auto,q_auto:best,fl_progressive:steep/l_play_button_usfui2,w_88,e_colorize:0/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F__ss-rehost__tw-video-preview-13_2069231189337206784.jpg","link_url":"https://t.co/z5907pv3H0"}],"quoted_tweet":{"full_text":"Pendle is live on Turtle.\n\nDeposit into @pendle_fi opportunities directly through the app.\n\nEvery Pendle position now shows on your portfolio page.","username":"turtledotxyz","name":"Turtle","profile_image_url":"https://pbs.substack.com/profile_images/1830925816802451456/OUDzqTkE_normal.png"},"reply_count":8,"retweet_count":5,"like_count":88,"impression_count":19147,"expanded_url":null,"video_url":"https://video.twimg.com/amplify_video/2069231189337206784/vid/avc1/1294x720/YVipW6qsm2x2Du_o.mp4","video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Intern Insights

You don’t need funds on Monad, not even for gas.

Pendle’s universal swap handles everything for you, making cross-chain swaps just as easy as any intrachain ones:

@monad at all for Monad markets on Pendle 🤷🏻\n\nOur built-in universal swap handles everything for you - including gas fees.\n\nHere's how 👇🏻 ","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg","date":"2026-06-23T06:25:56.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLemyZJbEAAmc_Z.jpg","link_url":"https://t.co/OZPSEvdRPH"}],"quoted_tweet":{},"reply_count":8,"retweet_count":2,"like_count":43,"impression_count":5016,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

X Highlights

Pendle on Monad in less than 2 weeks:

>$50M TVL
5th largest protocol on the chain

The ticker is sPENDLE.

TN Lee on the role Pendle plays (and will play) in tokenized credit and onchain fixed income:

@tn_pendle, Co-Founder of @pendle_fi, joins Apyx Alpha to discuss the rise of tokenized credit, why onchain fixed income is finally taking shape, and how Pendle aims to become ","username":"apyx_fi","name":"Apyx","profile_image_url":"https://pbs.substack.com/profile_images/2019289009823051776/iC2Usdc0_normal.png","date":"2026-06-22T13:14:00.000Z","photos":[{"img_url":"https://substackcdn.com/image/fetch/$s_!haRe!,w_1028,c_limit,f_auto,q_auto:best,fl_progressive:steep/l_play_button_usfui2,w_88,e_colorize:0/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F__ss-rehost__tw-video-preview-13_2068913773684088832.jpg","link_url":"https://t.co/aoPgX7gbLC"}],"quoted_tweet":{},"reply_count":17,"retweet_count":11,"like_count":60,"impression_count":5956,"expanded_url":null,"video_url":"https://video.twimg.com/amplify_video/2068913773684088832/vid/avc1/1280x720/OZfg0R3jn5FKng_Y.mp4","video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

And last but certainly not least… why isn’t everyone just doing this?

That’s it for this issue.

Attention and capital is scarce in this market – and for that we thank you for your continuous support.

If you found The Pendle Print useful, why not spread the love?

pendle.finance | Twitter | Discord

Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.

Pendle Print #119

Dillon Yap — Mon, 22 Jun 2026 10:02:12 GMT

Pendle is the ultimate yield market in DeFi – fixed yields, leveraged yield + points trading, and funding rate swaps (via Boros).

The objective of The Pendle Print is to distill the developments in DeFi yield markets into a succinct and actionable format.

Subscribe now

Important Highlights ✨

gmonad.

@monad!\n\nFirst up - we're opening with 2 lovely @withAUSD pools:\n\n🟣 Agora AUSD (8 Oct 2026)\n🟣 @upshift_fi earnAUSD (8 Oct 2026)\n\nPlus up to $100k in weekly rewards. Details below 👇🏻 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-19T13:01:05.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLLa3i3a4AAyTww.jpg","link_url":"https://t.co/kLzlbYoFy4"}],"quoted_tweet":{},"reply_count":83,"retweet_count":58,"like_count":439,"impression_count":89389,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":false}" data-component-name="Twitter2ToDOM">

Reminder for all YT and LP holders of reUSD/reUSDe markets to claim your $RE airdrops 🪂

@re on a successful TGE 👏🏻\n\nPendle YT and LP holders, gentle reminder to claim your ethereum:0x526526528f35ac738177003b8773b402b8df8143 tokens:","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-19T10:43:54.000Z","photos":[],"quoted_tweet":{"full_text":"$RE goes live on June 18, 2026.\n\nA global capital ocean supporting the real world.\n\nhttps://t.co/1yO3EIy0BE","username":"re","name":"Re","profile_image_url":"https://pbs.substack.com/profile_images/1999166607638265856/-2lfeHam_normal.jpg"},"reply_count":14,"retweet_count":5,"like_count":140,"impression_count":15432,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":false}" data-component-name="Twitter2ToDOM">

10 reasons why you should love Pendle as much as we do:

@pendle_fi:\n\n1) Mainstream institutional validation momentum, being named to Fortune Crypto Innovators 2026, Grayscale's Q2 2026 watchlist, being listed on Revolut, DeFi representative at Vietnam IFC delegation alongside Blackrock, Morgan Stanley,","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg","date":"2026-06-19T02:12:44.000Z","photos":[],"quoted_tweet":{},"reply_count":19,"retweet_count":13,"like_count":68,"impression_count":9229,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

$50M TVL for Sky sUSDS in under 2 weeks 🤝

@pendle_fi) is currently offering 5.15% APY, maturing on November 26, 2026.\n\nGet started below ↓ ","username":"SkyMoney","name":"Sky.money","profile_image_url":"https://pbs.substack.com/profile_images/2032520248658636801/csrfPS7w_normal.jpg","date":"2026-06-16T13:10:30.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HK7_f-iWgAAizhp.jpg","link_url":"https://t.co/hAToMI2iBI"}],"quoted_tweet":{},"reply_count":11,"retweet_count":9,"like_count":53,"impression_count":4159,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Strategy Highlights 💰

The BEST yield on Monad?

Up to 8.6% Fixed APY up for grab on their biggest stablecoin, with minimal price impact for large sizes:

@withAUSD AUSD through Pendle, roughly 2.5x the 3.5% native rate 👀\n\nFor reference, a $10M swap only incurs a price impact of ~0.14%.\n\nFixed yield at size, now live on @monad 🤝 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-22T02:09:01.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLYiY-QaQAA9FLz.jpg","link_url":"https://t.co/A64hCBFmzu"}],"quoted_tweet":{},"reply_count":4,"retweet_count":3,"like_count":19,"impression_count":3161,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Alternatively, PT-sUSDD on Ethereum is also offering outsized fixed yield at institutional depth:

@usddio combines top-tier Fixed Yield liquidity with one of the highest fixed rates on an institutional-grade stablecoin.\n\nA $4M swap for instance clears at under 0.13% price impact. ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-18T11:22:20.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLF6raAbwAAhfeu.jpg","link_url":"https://t.co/EiywI2L3N5"}],"quoted_tweet":{},"reply_count":14,"retweet_count":10,"like_count":74,"impression_count":6034,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

New Pool Highlights

AUSD (Oct 2026) on Monad
earnAUSD (Oct 2026) on Monad
USDai (Feb 2027)
sUSDai (Feb 2027)
sUSDe (Oct 2026) on Plasma

@monad and the first pools launched are PT-YT earnAUSD and AUSD. \n\n- Earn a fixed APY by holding PT-earnAUSD \n- Speculate on future yield by holding YT-earnAUSD \n- Get exposure to both sides by LPing \n- Expires 8 Oct 2026\n\nThe last 7d APY on earnAUSD is 9.12%. ","username":"upshift_fi","name":"Upshift","profile_image_url":"https://pbs.substack.com/profile_images/1853600042952663040/AwOMmTi1_normal.jpg","date":"2026-06-19T14:01:50.000Z","photos":[{"img_url":"https://substackcdn.com/image/fetch/$s_!Mhzo!,w_1028,c_limit,f_auto,q_auto:best,fl_progressive:steep/l_play_button_usfui2,w_88,e_colorize:0/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F__ss-rehost__tw-video-preview-13_2067971110885285888.jpg","link_url":"https://t.co/b10qDz1gDN"}],"quoted_tweet":{},"reply_count":9,"retweet_count":3,"like_count":30,"impression_count":2119,"expanded_url":null,"video_url":"https://video.twimg.com/amplify_video/2067971110885285888/vid/avc1/720x720/p6jddt_xbnWd9F4f.mp4","video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

@Apple. The rest was history.\n\nNow get the same exposure to AI's upstream infrastructure with new @USDai_Official Feb 2027 maturities:\n\n🔹sUSDai\n🔹USDai ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-17T01:20:44.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HK-nY-4aoAASTIj.jpg","link_url":"https://t.co/9IDw5QzC2O"}],"quoted_tweet":{},"reply_count":19,"retweet_count":12,"like_count":106,"impression_count":9822,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

@Plasma neobank chain is back ⚡\n\nWelcoming @ethena sUSDe (22 Oct 2026) ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-15T13:01:06.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HK20g5PbkAAwlgz.png","link_url":"https://t.co/UPI8KaBOKd"}],"quoted_tweet":{},"reply_count":9,"retweet_count":12,"like_count":100,"impression_count":4884,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Pencosystem

Some Pendaave updates:

@aave updates:\n\n1) Aave V3 market for PT-sUSDe (Oct 2026) on @Plasma is now live\n\n2) Proposal to onboard PT-srUSDe (Oct 2026) to Aave V3 passed, pending execution\n\n3) Ongoing proposal to launch @Paxos Hub on Aave V4 (includes onboarding PT-USDG)\n\nPendaave 🤝 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-22T06:30:40.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLZeRpFb0AATul9.png","link_url":"https://t.co/PRFZe3XViS"},{"img_url":"https://pbs.substack.com/media/HLZeRxjasAASU4X.png","link_url":"https://t.co/PRFZe3XViS"}],"quoted_tweet":{},"reply_count":1,"retweet_count":0,"like_count":1,"impression_count":958,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

The first Pencosystem integration on Monad - PT-AUSD as collateral on Curvance:

@pendle_fi PT-AUSD | AUSD market on @monad!\n\nPTs represent the principal portion of a yield-bearing asset and can be redeemed 1:1 for the accounting asset at maturity. By separating the yield component, PTs offer a ","username":"Curvance","name":"Curvance","profile_image_url":"https://pbs.substack.com/profile_images/2033616874886598657/tDEmMUsH_normal.jpg","date":"2026-06-20T14:01:40.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLQyU3wasAA9TdB.jpg","link_url":"https://t.co/VRJLdREwUI"}],"quoted_tweet":{},"reply_count":15,"retweet_count":17,"like_count":96,"impression_count":6067,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

PENDLE token on Monad:

@monad 🫡 ","username":"pendle_fi","name":"Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1621033017337843713/loDsYCJr_normal.jpg","date":"2026-06-18T02:27:06.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLEAK4aa0AAAhpe.jpg","link_url":"https://t.co/UDGpuuX8Jg"}],"quoted_tweet":{},"reply_count":100,"retweet_count":27,"like_count":389,"impression_count":23157,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Morpho rewards for Saturn PT-USDat market:

@Morpho.\n\nWelcome to Orbit.\n\nFull details below. ","username":"saturn_credit","name":"Saturn Foundation","profile_image_url":"https://pbs.substack.com/profile_images/2013998274957438976/WHab6E_a_normal.jpg","date":"2026-06-16T14:09:05.000Z","photos":[{"img_url":"https://substackcdn.com/image/fetch/$s_!9ksH!,w_1028,c_limit,f_auto,q_auto:best,fl_progressive:steep/l_play_button_usfui2,w_88,e_colorize:0/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F__ss-rehost__tw-video-preview-13_2066885711354376192.jpg","link_url":"https://t.co/LG82Ox6k3p"}],"quoted_tweet":{},"reply_count":31,"retweet_count":10,"like_count":55,"impression_count":35843,"expanded_url":null,"video_url":"https://video.twimg.com/amplify_video/2066885711354376192/vid/avc1/1280x720/KtoJISbRNTC2rUHT.mp4?tag=14","video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Intern Insights

One of the highest yielding RWAs now, backed by a combination of RWA and crypto loans:

@3janexyz is quite an interesting RWA fixed yield play.\n\n🔹9.2% Fixed APY, higher than the native variable yield of 8.16%\n🔹Goes up to 44% max APY from looping on @Morpho, which still has decent liquidity for borrowing left ($2.74M)\n🔹Backed by combination of RWA ","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg","date":"2026-06-18T07:08:33.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLFAlr0bwAAdL9D.jpg","link_url":"https://t.co/lpiXyoJQNH"}],"quoted_tweet":{},"reply_count":14,"retweet_count":4,"like_count":46,"impression_count":3379,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

24% APY for T-Bill backed stablecoin:

@Morpho, with decent liquidity available.\n\nWith this, the T-Bill backed dollar can now hit over 24% APY. ","username":"PendleIntern","name":"Pendle Intern","profile_image_url":"https://pbs.substack.com/profile_images/2019652798779125760/O7acOLMj_normal.jpg","date":"2026-06-17T06:24:39.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HK_s8vfbQAAqHAK.jpg","link_url":"https://t.co/auHNoZCupL"}],"quoted_tweet":{},"reply_count":8,"retweet_count":5,"like_count":37,"impression_count":3418,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

X Highlights

The P stands for print.

Exhibit A:

@pendle_fi is one of them.\n\nRight now, revenue is not above the roof but emissions have successfully been cut by 58%.\n\nWant","username":"ModestusOkoye","name":"DeFi Scholar 🎓🎓","profile_image_url":"https://pbs.substack.com/profile_images/1721534829454389248/eN2Mhi9q_normal.jpg","date":"2026-06-19T16:11:01.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLMGVSEWEAAn3fH.jpg","link_url":"https://t.co/mKjp0DxIPh"}],"quoted_tweet":{"full_text":"","username":"ModestusOkoye","name":"DeFi Scholar 🎓🎓","profile_image_url":"https://pbs.substack.com/profile_images/1721534829454389248/eN2Mhi9q_normal.jpg"},"reply_count":7,"retweet_count":5,"like_count":40,"impression_count":5051,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Exhibit B:

Pendle as a go-to-market distribution machine:

@3janexyz is one of the clearest recent examples.\n\nFor months, 3Jane’s TVL had been trending down, falling from ~$50M to sub $20M. (mainly due to the broader fallout from DeFi ","username":"KazumaxCrypto","name":"CryptoKazu |エアドロ・Defi・Pendle","profile_image_url":"https://pbs.substack.com/profile_images/1998689268106145792/zGdS6oN9_normal.jpg","date":"2026-06-20T10:06:51.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLP8kM5aYAADweV.jpg","link_url":"https://t.co/MgOZWtRU6D"}],"quoted_tweet":{},"reply_count":6,"retweet_count":3,"like_count":48,"impression_count":5064,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

Guess what’s #6?

The power of JANE rewards for YT-USD3:

@Morpho can get you 45% APY, aping into YTs through @pendle_fi is sweety too... The worst-case scenario gets you 37% APY.\n\nThere are only 1,647 users. 👀","username":"belizardd","name":"defizard","profile_image_url":"https://pbs.substack.com/profile_images/2064631372791058432/Y-CtYddI_normal.jpg","date":"2026-06-18T13:10:12.000Z","photos":[{"img_url":"https://pbs.substack.com/media/HLGTXQvaAAAD2z1.jpg","link_url":"https://t.co/jSJRllXbU8"},{"img_url":"https://pbs.substack.com/media/HLGTXdLbIAAJxx7.jpg","link_url":"https://t.co/jSJRllXbU8"}],"quoted_tweet":{"full_text":"1,545,875 $JANE has been emitted to ~760 early users this week across +$45,000,000 in epoch 2\n\nSuppliers locked in a fixed 0.023% - 0.14% of the final $JANE supply\n\nNew epoch (3) is live below\n\nThanks for playing","username":"3janexyz","name":"3Jane","profile_image_url":"https://pbs.substack.com/profile_images/1855601013178486784/49WOQA5S_normal.jpg"},"reply_count":7,"retweet_count":2,"like_count":15,"impression_count":2147,"expanded_url":null,"video_url":null,"video_preview_media_key":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM">

And last but certainly not least… happy belated birthday to Pendle 🎂

That’s it for this issue.

Attention and capital is scarce in this market – and for that we thank you for your continuous support.

If you found The Pendle Print useful, why not spread the love?

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Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.