Pendle Intern's Notes
7.8K subscribers
79 photos
1 video
11 files
372 links
Random ramblings of a cartoon character. Usually before his morning coffee too.
Needless to say - NFA.
Download Telegram
You can now earn up to 21% Fixed APY from Falcon PT-sUSDf (25 Sep 2025).

Pretty decent liquidity depth if you're looking to size in:

$1M → 20.4% Fixed APY
$3M → 19.64% Fixed APY
$5M → 19.2% Fixed APY
$10M → 18.55% Fixed APY
$15M → 17.92% Fixed APY
$20M → 16.29% Fixed APY

Link to pool: https://app.pendle.finance/trade/markets/0x45f163e583d34b8e276445dd3da9ae077d137d72/swap?view=pt&chain=ethereum&tab=book
Woohoooo more new pools this week!

1. cUSD (29 Jan 2026) - Another Cap Money pool from earlier this week, which has quickly become one of the highest volume markets. Exclusive 20x Caps for the first 6 weeks, which will revert back to 10x from 13 October 2025 onwards

Link: https://x.com/pendle_fi/status/1962500739894514111

2. dnHYPE (20 Nov 2025) - Hyperbeat pool which represents a pooled delta-neutral position on HYPE. Earn yield + 1x Hyperbeat Hearts + an additional 300k Hearts split proportionately to TVL across yield tokenization protocols

LInk: https://x.com/pendle_fi/status/1963225514384236881?s=46

Both pools are already live for vePENDLE so happy voting!
Wow P&L card for Boros is now live, this will be fun hehehe

https://x.com/boros_fi/status/1963482059210723708
GM, USDe just got some new expansions on Pendle:

• USDe (11 Dec 2025) on Base
• USDe (11 Dec 2025) on Arbitrum - just in time for the DRIP Season 1 😉

Reminder that vePENDLE voting is already live so be sure to update your votes for the week!

Like and RT: https://x.com/pendle_fi/status/1965037453955494161?s=46
Welcoming some new pools, old friends, Pendiddlers ~

1. Falcon sUSDf (29 Jan 2026)
2. USDS-SPK (18 Dec 2025) - to be announced later

With these, Pendies can now keep your yield streak going by migration/rolling over from the respective 25 Sep 2025 pools.

vePENDLE voting is already live for both pools

Like and RT: ttps://x.com/pendle_fi/status/1965399847395336194
Woohooo new Terminal pools with renewed maturities are now live, just in time for those looking to rollover/migrate from the 25 Sep 2025 pools:

- tUSDe (18 Dec 2025)
- tETH (18 Dec 2025)
- tBTC (18 Dec 2025)

Like and RT: https://x.com/pendle_fi/status/1965762236108169236
Today, we take our first step in making PTs a truly universal, omnichain collateral in DeFi.

Cross Chain PTs are now LIVE

To start, this will be made available for PT-USDe (Nov 2025) on Avalanche. where users can already start lending + borrowing on Silo and Term Labs.

Minting + bridging + redemption + all cross chain Pencosystem integrations will be accessible from a single, unified UI: https://app.pendle.finance/trade/crosschain-pt

For more info, check out our thread linked below d👇

Like and RT: https://x.com/pendle_fi/status/1966502450053198093
Welcoming back a really good old pal of ours - gmETH (29 Jan 2026) by GMX!

Earn, speculate and trade fees from the ETH/USD (WETH-WETH) market on GMX with our new pool

Like and RT, or else.... 👉 https://x.com/pendle_fi/status/1967766602335887640
It’s been ~1.5 months since we launched Boros and we’re proud to announce that we are out of our public beta phase!

That's right, we’re officially launching Boros in full today WOOTS 🚀

With full public access, we’re also opening up a referral system for Boros, as well as increases to OI caps, vault caps and leverage.

For more info, check out the article below.

X: https://x.com/boros_fi/status/1968517823086637096
Medium: https://medium.com/boros-fi/boros-v1-0-3d29d5a0fac8

Here's Intern's refcode for those looking to get started on some rebates hehe: https://boros.pendle.finance/join/BIGDK
ETH funding rate on Hyperliquid at time of writing = -28% APR (NEGATIVE funding)

Boros Implied APR = 10.84% APR

If you had shorted ETHUSD-Hyperliquid at any point about 10.95% Implied APR, you would have won at least 158/161 latest settlements 👀

https://x.com/boros_fi/status/1970009484568236404
Sup Pendies. Did you know that we're all just one click away from getting up to ~43% APY with Ethena PTs looping?

All thanks to Aave opening up the cap space for our PT markets.

Links 👇🏻

PT-sUSDe (Nov 2025) on Aave: https://app.aave.com/reserve-overview/?underlyingAsset=0xe6a934089bbee34f832060ce98848359883749b3&marketName=proto_mainnet_v3

PT-USDe (Nov 2025) on Aave: https://app.aave.com/reserve-overview/?underlyingAsset=0x62c6e813b9589c3631ba0cdb013acdb8544038b7&marketName=proto_mainnet_v3

One-click looping on Contango: https://app.contango.xyz/strategies/farming/usd-stablecoins
sUSDe Underlying APY = 7.48%

sUSDe (Nov 2025) Implied APY = 7.25%

sUSDe past 3 months = around 8% APY

And yes, Season 5 Ethena has been confirmed.

"While prior results are not necessarily indicative of future outcomes, YT buyers at this level (and even ~100-200bps above) have not historically realized losses"

Ladies and gentlemen, it would seem that free $ENA airdrop is now on the Pendle menu 🫡

https://x.com/PendleIntern/status/1971101467772866738
Woohooo Pendle is now live on Plasma!

Over the next few days we’ll share details on massive new XPL incentives for Pendies, up to $900k weekly so stay tuned hehe.

Looking forward to growing the yield market on Plasma, with plenty more markets and opportunities to come!

Like and RT: https://x.com/pendle_fi/status/1973568649194774732
Wooohooo you can now deposit USDT to trade Hyperliquid funding rates on Boros now - BTC and ETH (31 Oct Maturity)!

This gives you the same seamless experience on perps, now brought to Boros 😉

P.S. This takes us one step closer to listing highly requested assets like SOL, HYPE, and even memecoins hehehe....

Like and RT: https://x.com/boros_fi/status/1973931198226575749
Plasma Parade is now live!!!!

Enjoy earning XPL through a series of exclusive campaigns on Pendle, including Maker Order Rewards, Pendle Market Incentives and more.

For more info, refer to our full announcements linked below.

X: https://x.com/pendle_fi/status/1976277859523232235
Medium: https://medium.com/pendle/plasma-parade-89f35aab0dd3