Pendle Intern's Notes
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Random ramblings of a cartoon character. Usually before his morning coffee too.
Needless to say - NFA.
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Exciting week jam packed with never-before-seen launches, Pendies ๐ŸŽ†

First up on the menu - agETH (26 Dec) by Kelp!

A multiexposure ETH vault that gives you access to multiple L2 networks (e.g. Scroll, Linea), restaking platforms (e.g. Karak, EigenLayer) and 6 different types of airdrops - making the most reward packed pool on Pendle.

What this means is also the potential for higher Fixed APY from forgoing more points, or hyperexposure to points, points and more points with YT.

Multiple plays, endless possibilities, your choice.

https://x.com/pendle_fi/status/1825877960399913215
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stETH (Dec 2025) just quietly became one of the best farms for $ETH

LP APY is up to ~10.48% now, not bad for an old school, no fuss, purist LST
Our new pals over at Corn (L2 utilizing BTC as gas/fees) has a special signing bonus for Pendies ๐ŸŒฝ

Reminder to check your eligibility for Kernels ($CORN later) at https://x.com/pendle_fi/status/1826790161214308366

Happy Friyay amirite?
Bad news - DSR of sDAI revised down to 6%
Good news - sDAI Fixed Yield on Pendle still up for grab at ~7.4% ๐Ÿ‘๐Ÿป

https://x.com/PendleIntern/status/1827976319235477571
Ladies and gentlemen, memecoins have finally arrived

Sophon PEPE (26 September) is now live on Pendle

For the uninitiated, Sophon is an entertainment focused rollup ecosystem (zkSync's Elastic Chain Tech).

Earn Sophon Points faster with YT?

Or simply hoard more of your favourite memecoin with PT?

Either way, there's more you can do with PEPE now ๐Ÿ˜‰

First of many new launches to come, Pendies!

https://x.com/pendle_fi/status/1828778821606367391
BTC is now on Pendle ๐Ÿ”ฅ

The 1st of our BTCfi additions - EtherFi's eBTC (26 Dec)!

With this, we'll be kickstarting Pendle's new Bitcoin arc, with plenty more to come soon ๐Ÿ˜‰

Like and RT: https://x.com/pendle_fi/status/1829142553456980397
All contracts have been unpaused and transactions are now resuming as normal

The breach was contained within Penpie, and funds on Pendle are safe.

The Penpie team is working on a post-mortem report, which will be released soon to provide further details.
BTC holders looking to thicken your stack - eBTC is trading at ~6.137% Fixed APY at time of writing, with sizeable liquidity/depth for >5% APY

https://x.com/pendle_fi/status/1831887097139228928
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Our newest addition to Pendle's BTCfi lineup - Corn LBTC (26 Dec) ๐ŸŒฝ

With LBTC, Pendies will be able to access 3x Corn Kernel (the highest multiplier), 1x Babylon Points (when available) and 1x Lombard Points in just a single pool.

vePENDLE voting is already at https://app.pendle.finance/vependle/vote

One of many BTC pools to come soon so stay tuned

Like and RT: https://x.com/pendle_fi/status/1833852757796937807
Those on the hunt for short-term fixed yield could consider some of the 26 Sep pools (maturing in ~8 days):

- Karak USDe @ 17.17% Fixed APY
- Karak sUSDe @ 15.31% Fixed APY
- Swell L2 rswETH @ 13.62% Fixed APY
- amphrLRT @ 13.5% Fixed APY
- pzETH @ 13.37% Fixed APY
The Bitcoin saga continues this week on Pendle, with some new, incoming additions, the first one being:

uniBTC (Corn) 26 DEC 2024

For a limited time until 3 Oct, Pendies will earn 10x Bedrock Diamonds (i.e. 210 Diamonds/hour for every uniBTC on Pendle) + 3x Corn Kernels + 1x Babylon Points

This reverts to 5x Bedrock Diamonds after 3 Oct, which will still make it the highest Diamond multiplier

vePENDLE voting is already live so be sure to cast your votes!

Like and RT: https://x.com/pendle_fi/status/1836389569790644509
GM Pendies!

The new Corn YT-uniBTC is showing some good promises, especially at just ~5.59% Implied APY.

For the full details and breakdown, you can refer to https://x.com/PendleIntern/status/1836657695249829972
GM all, welcoming another addition to our BTC lineup - PumpBTC (Corn) 26 DEC 2024 ~

Like Lombard, PumpBTC is another liquid staked BTC built on top of Babylon. Pendies will be able to earn the highest multipliers for each of the BTCfi layer - 4x PumpBTC Points, 3x Corn Kernels, 1x Babylon

For YT-pumpBTC buyers, there's even a limited time event for you to snag a share of $1,000 prize. For more info, refer to the post below ๐Ÿ‘‡๐Ÿป

Like and RT: https://x.com/pendle_fi/status/1839298202127970648
Ethena's announcement of Blackrock, RWA-backed stablecoin UStb has driven up massive interests in YT-sUSDe 25 MAR 2025.

๐Ÿ”นFixed APY up to 13.25%
๐Ÿ”นLP APY up to 29.5%

Link - https://x.com/PendleIntern/status/1839543461508464997
GM @everyone, today we're taking BTCfi beyond Ethereum with Solv ๐Ÿ”ฅ

SolvBTC.BBN (27 Mar 2025) on BNB Chain

With this, we'll be bringing new yield opportunities to BNB Chain - Fixed APY for BTC, YT leveraged exposure to points, exciting integrations... the whole Pendle/Pencosystem package ๐Ÿ˜‰

Reminder that vePENDLE voting is already live so be sure to show some love for our new BTC pool there!

Like and RT: https://x.com/pendle_fi/status/1841100675973071070
Wake up peeps it's RWA week on Pendle, with some exciting new additions to our lineup!!!

First one to be added: Sky Token Rewards USDS (27 Mar 2025)

With this, Pendies could trade and speculate RWA-linked yields, specifically $SKY rewards in this case (8.5% currently).

vePENDLE voting is live so be sure you reach for the Sky at https://app.pendle.finance/vependle/vote

More to come soon!

For more info, refer to: https://x.com/pendle_fi/status/1843637481838916103
RWA season on Pendle continues with another new addition - syrupUSDC (30 Jan 2025)

With this, Pendies will have direct access to Maple Finance's institutional yield + earn 3x Drips (with zero lockup) right from the get-go ๐Ÿฅž

vePENDLE voting is live so be sure to update your votes at https://app.pendle.finance/vependle/vote. More to come soon!

Like and RT: https://x.com/pendle_fi/status/1846190331970441648
GM Pendiddlers, it's a packed, packed week full of RWA + BTCfi launches, with our newest addition being - Sky's sUSDS (27 Mar 2025) โ›…๏ธ

Other new pools include:

- mPENDLE (26 Dec 2024)
- USD0++ (27 Mar 2025)
- Corn eBTC (27 Mar 2025)
- pumpBTC (27 Mar 205)

All of which will be announced publicly on X later this week.

vePENDLE is already live for all of these so be sure to update your votes at https://app.pendle.finance/vependle/vote

Like and RT: https://x.com/pendle_fi/status/1846536458297086198
Some pretty attractive stablecoin yields up for grabs, especially when you're in the market for short-term maturity Fixed Yield:

๐Ÿ”น PT-USD0++ | 22.65% Fixed APY | 13 days to maturity
๐Ÿ”น PT-sUSDe | 15.24% Fixed APY | 6 days to maturity
๐Ÿ”น PTsUSDe | 16.19% Fixed APY | 160 days to maturity
YT-syrupUSDC is trading at ~13.15% Implied APY.

Taking into account SYRUP, the actually Underlying APY is closer to ~21%, possibly more since Pendle is earning Drips at the maximum 3x multiplier.

Assuming 21% APY,

Long yield APY = ~370%
ROI = 55%

For more info, you can refer to Internโ€™s thread here https://x.com/pendleintern/status/1847110931186409921?s=46&t=FieW0CeKdjAlKll4NAwPig