Pendle

Trade crypto yield through spot and margin markets

Meet Pendle

Pendle provides decentralized markets for trading yield exposure. Its spot-yield application separates a yield-bearing asset into principal and yield components, allowing users to take positions based on the underlying asset or its future yield. A market maker designed for yield trading supports exchanging those components.

Boros is a separate margin-based product for trading funding-rate exposure. Its long and short positions exchange fixed and floating rates, with orders and settlement handled on-chain. Documentation and education explain the different mechanisms. Users can examine supported markets and choose which form of exposure they want to research, with terms depending on the asset, market, and product.

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Product details

Website: pendle.finance
Status: Launched
Category: Finance
Listed: Oct 10, 2026

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Crypto DeFi Derivatives Trading Yield trading

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