The $USDG pool on Pendle has crossed $200M TVL 🚀 For a pool that launched as part of Pendle's push into RWA, reaching this scale reflects sustained demand for fixed-rate exposure to regulated stablecoin yield. $PENDLE 🫡

This is @JamesWynnReal. Mr. Wynn has a negative $22M P&L (and counting) on @hyperliquid, ~$7.8M of which is from FUNDING RATE payments. We can fix him. And his funding. Call our OTC desk, James 🤙🏻

The $USDG pool on Pendle has crossed $200M TVL 🚀 For a pool that launched as part of Pendle's push into RWA, reaching this scale reflects sustained demand for fixed-rate exposure to regulated stablecoin yield. $PENDLE 🫡

Most people still describe @pendle_fi as a “yield trading platform.” I think that misses the bigger picture entirely. What Pendle actually does is reshape distribution. Once an asset gets PT/YT markets, it stops being just a passive token sitting in wallets and starts becoming financial infrastructure people can position around, hedge, borrow against, or lock fixed exposure into. That changes behavior. And behavior changes demand.

Pendle's yield infrastructure is built for any assets globally with yield. LSTs, LRTs, stablecoins, BTCfi. Each cycle, the same pattern where a new yield-bearing asset emerges, Pendle adds the market, and new strategies form around it. STRC is the latest proof point. Preferred share dividends from a publicly listed company, now tradeable as fixed or leveraged yield onchain. Pendle's infrastructure value isn't confined to just onchain yield sources, but also any offchain RWAs too, enabling new dimensions of yield strategies. $PENDLE babyyyy~

@Pendle ’s beta didn’t end with point farming. The source of demand is simply shifting: from airdrop leverage to real yield trading, with RWA assets becoming an increasingly important yield engine. This is where Pendle stands out — not as a points-farming venue, but as the yield distribution layer institutional capital actually needs. 97% of its top 10 TVL is now RWA-backed. That’s not a coincidence. Our latest read on why Pendle matters for institutional DeFi 👇 🔗

Introducing the Four Horsemen of the Digital Credit-ocalypse: 1⃣ srUSDat for those on the fence 2⃣ USDat for point maxis 3⃣ sUSDat for $STRC maxis 4⃣ jrUSDat for leveraged $STRC maxis Choose your fighter 😋 @saturn_credit @strata_markets

Pendle YT-USDat is trading at an implied yield of 8.5% ... and it looks much less FOMO-driven than it did half a month ago. In my view, with the new STRC point meta, it is becoming harder to stay sidelined from YT participation on @pendle_fi. The reason is simple: We are betting on the cost of buying YT in exchange for the possibility of earning rewards several times larger when the project announces TGE. @saturn_credit is an STRC-related project that grew to $150M in a month after launch, so maybe we already missed the chance to buy YT at a low IY. But now, YT pricing looks much more attractive. In other words, YT has become cheaper for those who want to farm Saturn Points. A quick comparison for holding YT-USDat: > 1260x leverage compared to holding USDat only > 60x compared to LPing on Curve at 20x From my personal view, STRC gives me a similar vibe to the early Ethereum LST era on Pendle. And Saturn, as the leading project in this STRC niche, might potentially deliver a 5x - 7x performance like EtherFi did.

We just published a deep-dive into what we're calling the "Pendle Effect", the demand surge a token experiences when @pendle_fi launches PT/YT markets for it. The headline finding: holder counts are stickier than supply or deposits. By a lot. For small assets (USR, USDai): 2,300x holders for USR from pre-Pendle base. Capital is transient, but the addresses persist. For already-distributed assets (USDG): Pendle's SY contract became the single largest holder of USDG on Ethereum within 7 weeks — ~1 in every 4 tokens. Supply grew concurrently. That's net new demand. For established assets (sUSDe): PT-sUSDe deposits on Aave and Morpho peaked at $2.81B — more than 50% of total supply at the time. Pendle isn't one tool. It's three different tools depending on where you are in your distribution journey. All built on @Dune's stablecoins dataset — 200+ stablecoins, every major chain.

The onchain digital credit yield economy is expanding! $STRCx (Aug 2026) by @xstocksfi is now live. Fixed yield for tokenized $STRC, directional yield speculation, enhanced yield as a liquidity provider... all these are now available on Pendle.

Earlier today, 0xcd2 deployed ~$2M into @apyx_fi PT-apyUSD across 8 buys at an effective fixed yield of 18.94% APY. • Accumulated 2,034,423 PT-apyUSD in a single session • Now the 3rd largest individual PT-apyUSD holder • 18.94% Fixed APY for ~36 days • $34,676 profit at maturity (1.73% ROI) $STRC pays a floating monthly dividend of 11.5%, which in itself is already a compelling yield product. apyUSD takes that underlying yield and lets you fix it on Pendle, locking in a rate that currently sits even higher than the floating rate. The current implied APY is 19.3%, meaning you can enter today and outperform this whale's entry. Pool liquidity is also decently deep, capable of absorbing a ~$37M swap at 18.88% effective fixed yield. So yes, we can take your size (cc @saylor)

Pendle 🫱🏻‍🫲🏻 @saylor $PENDLE has been one of the biggest drivers for digital credit yield economy onchain, with ~$318M of $STRC linked TVL now. The protocol enables new strategies previously unavailable for $STRC both onchain and off, with a range of distinct risk profiles for various market views. Fixed yield for $STRC (up to 18% Fixed APY), directional yield speculation, and/or enhanced diversified yield as a liquidity provider. Yield infra for the global yield economy 🫡

"Saturn broadens that universe by bringing transparent Bitcoin-linked dividend yield on-chain, and Pendle provides the market structure that makes the yield accessible." Every new yield source in DeFi eventually needs a place to be priced and traded, and that's what Pendle is built to do. $STRC distributions, tokenized through Saturn, are now something users can take a fixed or variable view on, with clear mechanics and transparent pricing via Pendle's yield infra 👇🏻

The @apyx_fi PT markets on Morpho are now the largest PT markets on the protocol, with ~$50.5M in total TVL. ~18% fixed APY on $STRC yield coins is already a strong base. For users running looping strategies, effective yields reach 50-60% APY. Pendle's yield infra enables that range of expression, from simple fixed-rate exposure to leveraged yield, even for RWAs with floating, dividend-based payments.

Oil perp prices on HL are dropping as the oracle rolls from CLM6 to CLN6 (~$4) later today. While most are shorting the perp (and shorting on @boros_fi to fix their funding payment), backdated research points to LONGING the funding rate as the stronger play, where an inefficient market creates the opportunity 👇🏻