Pendle (PENDLE)

Like what the bossman @tn_pendle said, everything here comes back to the idea of empowerment. Empowering you with the tools to do more with less. Less friction, less effort, stupidly more powerful. 2026 is Pendle going full send on that vision. https://t.co/WL0m3xgktb

🏦🪙 Pendle now has $376.5M in Real World Assets (RWA) TVL $56.5M of that is deployed as RWA-backed collateral on Morpho, ~17% of all RWA collateral on the protocol. Tokenization is Step 1. The next unlock for RWA adoption at scale is fixed yield, predictable returns on assets institutions already trust. That's the yield infrastructure we've been building.

Term vaults on the Steakhouse App give users access to direct yield. We are moving beyond just lending. Pure lending vaults are effective if you need to maximize liquidity and provide some protection against collateral price fluctuations such as slippage or depeg. The downside is that depositors do not get full exposure to the yield. Term vaults fix that by complementing a liquid sleeve that handles only lending with a direct allocation to yield opportunities such as yield-bearing stablecoins and Pendle tokens. To protect against slippage and mild price fluctuations like the mark-to-market of Pendle tokens, a surplus buffer is enacted that can grow up to approximately 0.5% of vault TVL. This acts as junior capital that protects depositors. The curator earns no fees while this buffer is not filled. Should the buffer grow too large, it gets redistributed to depositors over time. On the liquidity front, a 10% liquidity sleeve is allocated to lending in order to provide atomic liquidity. Part of the direct all

.@pendle_fi built the leading yield tokenization protocol. Now they're expanding into general yield trading with @boros_fi on @arbitrum. In under a year: - $180M+ Notional OI - $12B in Notional Volume - ~$500k in Fees We just shipped a Boros Dashboard on @Dune (✍️/8) https://t.co/jFllLyfq2l

Pendle Print #104 🔹Headwinds are strong but this is when put your head down and push harder. Pendle 2026 - a glimpse into our plan for the year 🔹New RWA additions in @Ripple aRLUSD + @PayPal aPYUSD; New 4 June maturities for NUSD + sNUSD 🔹PT-srNUSD live as collateral on Morph o 🔹7 new markets on Boros, including gold and silver fundings

Ethena has dominated >50% of Pendle TVL for nearly 1.5 years @pendle_fi = the fixed-income layer for the @Ethena_Eco ecosystem. This isn’t a short-term narrative. It’s a structural shift in capital flows ↴↴↴ Look at the chart: > Late 2024 → 2026, Ethena consistently captured over 50% of total Pendle TVL, peaking around ~70% > Even during market drawdowns, its dominance held the top position So where does the real flywheel sit? Base yield → tokenize yield → credit layer → loop back into the system This is a yield rail. And once a rail is accepted by the market, it begins to pull liquidity on its own If dominance persists for nearly 18 months, it signals: > Institutional capital is starting to trust this structure. > Yield is considered predictable enough to be tokenized ➥ This is infrastructure the market has chosen.