Pendle (PENDLE)

Structured Yield: A new way to earn fixed yield in DeFi In traditional DeFi, yields are usually variable, rising and falling with market conditions. However, through yield tokenization, investors can now obtain a more predictable fixed yield. Yield tokenization is the process of splitting the future yield of an asset (e.g., stETH, sUSDe, or other yield‑bearing assets) into two separate tokens: ▫️PT (Principal Token): Represents the principal + fixed yield until maturity. ▫️YT (Yield Token): Represents the variable yield in the future. With this mechanism, investors can choose to lock in a fixed yield via PT, or speculate on leveraged yield via YT. Key differences: ✅Variable Yield: Yield fluctuates daily (e.g., lending on Aave or regular staking). Returns cannot be precisely predicted. ✅Fixed Yield: Investors lock a specific return rate until the maturity date. Similar to bonds in traditional finance. Benefits for investors: ✅Provides return certainty, very useful for financial planning. ✅Can be used as a hedge against declining market yields. ✅Enables leveraged yield strategies with measured risk. ✅Enhances diversification of DeFi portfolios. Risks to understand: ❌Smart contract risk in the yield tokenization protocol. Liquidity risk, especially if exiting before maturity. ❌Opportunity cost: If actual yield exceeds the locked fixed rate. ❌Product complexity, not suitable for beginners without deep understanding. ❌Underlying asset risk (e.g., de‑peg or value decline). Structured yield via yield tokenization (as offered by Pendle and similar protocols) opens new opportunities in DeFi, combining on‑chain flexibility with the certainty of traditional fixed‑income instruments. Are you more interested in fixed yield for stability, or do you remain more comfortable with variable yield that has the potential for higher returns?

Yo @tn_pendle — The Coin Zone audience is hungry for real DeFi builder alpha (not just hype). Got 30-45 mins to drop some @pendle_fi gems on tokenized yield, cross-chain moves, and where this bull leg actually goes? No slides, no fluff — just straight talk. DMs open if you're down 🫡

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 ↓