Pendle (PENDLE)

Happy penday!

Imo, $sPENDLE is working as intended, and user behavior is already reflecting that. > Firstly, weekly net staking has only gone negative in 4 out of the first 22 weeks since launch. > Secondly, there has not been any real exit rush. Around 80% of users exiting still choose the 14-day cooldown route instead of paying for an instant exit. > Thirdly, fresh wallets made up an average of ~60% of new sPENDLE stakers in the early launch period, which points to renewed interest instead of only old vePENDLE users rotating. And the bigger signal? > Monthly and weekly cohorts are still holding up strongly, with over 80% of users choosing not to unstake. To me, that looks less like a weak migration and more like a product users are actually settling into. More details below.

Ngl @valueverse_ai' 30D Holder P/FCF screener is quietly one of the sharpest lenses in DeFi right now. Lowest multiples (tightest cash flow to holders)👇 • @pendle_fi: 4.2x • @Pumpfun: 6.3x • @AerodromeFi: 7.3x • @AskVenice : 7.8x These protocols don’t just generate revenue. Their mechanics route a high % straight to locked/buyback holders with almost no leakage. ve models especially are showing why they were built this way. Higher up the board you get staking heavy names and scale monsters like @SkyEcosystem and @HyperliquidX (~31x despite $1.25B annualized holder revenue) In 2026, the edge is in designs that make holders eat the cash flows. Token mechanics > narrative Always has been.

Big one for DeFi on @monad. @pendle_fi brings yield trading to the ecosystem, giving users more ways to manage risk and optimize returns. The DeFi stack keeps growing 📈

Wow, amazing. Of course, it wasn't even mentioned at all on TL 😇

One of the best ways to measure the effect of sPENDLE is by looking at weekly net sPENDLE flow. The goal is simple: to understand not just how much $PENDLE is being staked each week, but also the history and quality of the users behind that staking activity. From the chart, the first few weeks after launch were largely dominated by new users, especially wallets that were not previously holding vePENDLE. Now, the picture is more nuanced. Some weeks are still driven by new stakers, while others are led by returning vePENDLE holders migrating into sPENDLE. But the bigger signal is that unstaking has reduced massively. So instead of only looking at total sPENDLE staked, weekly net flow helps show whether users are simply testing the product or actually staying with it. More details below ↓

I always believed that the assets that will have a great time tomorrow are already here. The world is already turning to protocols generating revenue and @pendle_fi is one of them. Right now, revenue is not above the roof but emissions have successfully been cut by 58%. Want to know more? Check the comprehensive take below

🌐 Morpho + Pendle + sUSDD: A new exploration of capital efficiency The future of DeFi is not just higher returns, but more importantly higher capital efficiency. After PT-sUSDD/USDT migrates to Morpho's Gauntlet USDT Frontier V1 Vault, the market gains deeper liquidity and lower borrowing costs. This means users can participate in yield strategies with less friction while improving capital utilization. When Pendle's yield products combine with Morpho's lending optimization, the entire ecosystem is forming a stronger capital operation network. This is also one of the reasons why more and more users are paying attention to sUSDD. @usddio @justinsuntron #TRONEcoStar