Pendle
YieldActive

Pendle

$4.2B in PT tokens as Aave collateral. More than BUIDL's TVL. Yield splitting is the missing primitive for fixed-income DeFi.

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Brief

Yield tokenization and trading protocol that splits yield-bearing assets into principal and yield components, enabling fixed-rate strategies and yield speculation.

02 /

Snapshot

Key terms and identifiers.

Asset classes
Treasuries
Token standards
erc-20, eip-4626
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Connections

Who they build with, build on, integrate with.