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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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
Stable pre-deposit vaults are now live on Pendle!

- ctStableUSDT (20 Nov 2025)
- ctStablefrxUSD (20 Nov 2025)

But hurry up - these pools share the same total deposit cap as the underlying Concrete vaults.

And be show your support for our new stablechain friend with your vePENDLE votes 😉

Like and RT: https://x.com/pendle_fi/status/1983519258266255369
Salutations Pendies, more Plasma pools to grace the start of this week, this time from Yuzu Money:

🍋 syzUSD (29 Jan 26) - Underlying yield + 1x Points
🍋 yzUSD (29 Jan 26) - 5x Points

As Yuzu-al, feel free to show your support for our new friends with your vePENDLE votes!

Like and RT: https://x.com/pendle_fi/status/1985330930081526244
GM Pendies!

More timeframe, more flexibility, perfect for you to take advantage of the recent BTC volatility with our new Boros markets (28th Nov maturity)

Hyperliquid markets:
- BTCUSD (wBTC collateral)
- BTCUSD (USDT collateral)

Like and RT: https://x.com/boros_fi/status/1985533944662802673
The only way to beat AI is to be AI, and the same goes for yield.

Yield strategies powered by real compute demand. GAIB's new pools are now here:

- AID (29 Jan 2026)
- sAID (29 Jan 2026)

Just as how Gondor once called for aid, I'm now calling for yours vePENDLE voters.

Like and RT: https://x.com/pendle_fi/status/1986060432554201537