Launched new liquidity pool for RLUSD and PYUSD stablecoins with 8% APR incentives.

Positioning as a GTM gateway for stablecoins, synthetic dollars, and RWAs with integration support, audits, distribution, and community from day one.

Boros reached $11.5B notional volume and $270M peak open interest within 7 months of operation.

Integrated with Lido's v3 stVaults to enable early access to rewards through yield tokenization

Plans to expand Boros RWA perpetuals to additional onchain and offchain markets and venues in 2026.

Integrates fixed yields into CEX Earn programs via V2 upgrade, enabling fixed-rate access across multiple ecosystems, auto-rollovers, auto-loops including crosschain PTs, direct CEX-to-Pendle access, and low-friction leverage.

Plans to remove manual user efforts at maturity for yield positions in 2026.

Added Aave aRLUSD and Aave aPYUSD yield markets with expiry on 2026-05-28, offering LP-aPYUSD 35% APY and LP-aRLUSD 57% APY.

Partnered with ETHGas for Open Gas Initiative.

Distributed vePENDLE rewards for January totaling approximately 730k USDT plus sENA and RESOLV airdrops.

Added new pools on Boros with 2026-03-27 maturity for BTCUSDC and GOLDUSDC on Hyperliquid, BTCUSDT and ETHUSDT on Gate, and XAUUSDT and XAGUSDT on Binance.

Added new "Incentivized Markets" card on UI for quick access to high-yield markets.

LP-sUSDe yields increased from 3.5% to 4.6%, representing a 31% increase, with points multipliers rising from 5x to 20x.

Integrated Chaos Risk Oracles for real-time parameter updates to enable safer and more capital-efficient markets.

Reached all-time high for staked PENDLE, representing 58% of circulating supply and 34% of total supply in January 2026.

Mentioned as an example of a DeFi protocol excellent in its own lane (yield) in an article discussing INFINIT Labs' Prompt-to-DeFi platform launch.

Participates in the second IPO powered by USDai's DeFi credit facility, collaborating with M0, 0xFluid, Curve Finance, and K3 Capital to enable onchain capital formation for emerging neocloud assets through RWA looping.

Offers PT-reUSD trading with 8.86% fixed APY for 126 days (maturity approximately June 24, 2026).

Featured in Contango_xyz's announcement of two new Ethena PT loops (PT-sUSDe-7MAY2026 and PT-USDe-7MAY2026) as the underlying protocol for the principal tokens.

Changed lockup period to 14 days, revamped incentives.

Achieved 6.20% TVL growth over a 7-day period as measured by DeFiLlama.

Integrated with Cap Money to create markets for yield tokens on cUSD and stcUSD, with liquidity provider positions available for trading future yield.

Reveals final airdrop/ICO mechanics before 'CHIP' TGE, including opportunities to use Pendle tokens to shift alignment and buyback/refund mechanics.

Monthly active users increased 44% quarter-over-quarter.

Holds $3.5B TVL.

Receives over 14,000 KERNEL tokens as incentives for the hgETH and agETH liquidity pools on the platform.

Receives USDai $CHIP ICO allocation for sPENDLE holders from 2026-02-22 to 2026-02-27, with allocation based on time-weighted sPENDLE balance from 2026-01-29 to 2026-02-13.

Has 186,957 token holder wallets.

The ysyBOLD liquidity pool offers 19% APY plus airdrops from Liquity forks to liquidity providers.

The jrNUSD liquidity pool offers 13.75% APY plus 25x Neutrl points to liquidity providers.

The reUSD liquidity pool offers 9.9% APY plus 30x Re points to liquidity providers.

The sNUSD liquidity pool offers 11.8% APY plus 25x Neutrl points to liquidity providers.

Integrated with Spark Prime, allowing institutional users to utilize Pendle positions as margin for borrowing through Spark's institutional DeFi platform.

Implements a new V2 Emission Overview system that dynamically and automatically allocates PENDLE emissions based on performance, replacing weekly manual adjustments that previously left 52% of emissions idle in the bottom 10 pools.

Launched fixed rate markets for Strata Markets' srNUSD and jrNUSD expiring 2026-05-28, offering 8% and 14% fixed rates; added pools for USDai and sUSDai expiring 2026-06-18 and 2026-10-15. Strata jrNUSD and srNUSD pools reached $9M TVL within 2 weeks, with 90% of total TVL for these assets (96% of srNUSD and 83% of jrNUSD).

integrated into Theoriq's AlphaVault 2.0 upgrade alongside leveraged looping on Aave within Mellow Protocol's Core Vaults system

Community-created pools total 214, representing one-third of all active pools on the protocol since the Community Pool Deployment feature launch.

PT-DETH-23APR2026 is now live as collateral on Gearbox Protocol markets curated by karpatkey, integrated via Pendle and Makina.

Launched Boros SOL funding rate markets for Hyperliquid SOLUSDC and Lighter SOLUSDC, both using USDT collateral and maturing on 2026-03-27.

Added USDT rewards for YT-sAID pool and ynRWAx rewards for YieldNest LP and YT-ynRWAx pools, with PENDLE co-incentives on all pools, boosting APY up to 250% on ynRWAx deposits.

Achieved 1,645% APY on YT-ynRWAx yield token, including external incentives from YieldNest.

PT-USDe market on Pendle scaled to over $90 million in total value.

Launched SuperWETH market with Superform, offering LP positions with 7.5% APY, YT positions with 68x leverage on yield, and PT positions with 7% fixed yield, maturing on 2026-04-30.

Increased Ethena PT-srUSDe cap on Aave from $50M to $100M for May 2026 markets.

Redesigned staking system to increase participation, introduced sPENDLE as a new reward stream for sdPENDLE gauge stakers, replacing legacy reward streams.

Upgraded tokenomics, allocating 80% of protocol revenue for token buybacks distributed as yield to sPENDLE holders; sPENDLE yield distribution starts 2026-02-14.

Integrated with Compound v4 to offer PT-sUSDe and PT-USDe in isolated markets.

Commenced sPENDLE buyback program on 2026-02-09, with distribution scheduled for 2026-02-13.

Arthur Hayes sold 1.4 million PENDLE tokens at $1.34 per token on February 8, 2026, realizing a $990,000 loss after buying at $2.06 per token.

Arthur Hayes sold 950,000 PENDLE tokens worth $1.14M on February 8, 2026, converting them to USDC.

Integrated PT-srUSDe as collateral on Lista DAO for BNB Chain pools, with borrow rates starting at 0.71%.

Launched PT-srUSDe (expiring April 2026) and PT-USDe (expiring May 2026) pools on Lista on BNB Chain.

Listed stUSDS (25 June 2026 maturity) pool on the platform, enabling yield trading on a USDS lending vault collateralized by SKY tokens.

Boros reached $10B in notional trading volume within 6 months of operation.

Listed on Bitstamp by Robinhood for trading in the EU.

Boros generates approximately $1.3 million in annualized fees following a 50% reduction in settlement fees.

integrated with Odyssey Finance to offer leveraged Principal Token strategies across three markets: PT-wsrUSD-26FEB2026/USDC on Ethereum, PT-sUSDe-8APR2026/USDe on Plasma, and PT-sUSDe-8APR2026/USDT0 on Plasma

Offers yield trading strategies on asdCRV (sdCRV staked in Concentrator) with PT and YT tokens maturing in June 2026, where each PT redeems for 1 sdCRV at maturity.

Added new markets on Boros with maturity on 2026-02-27: BTCUSDT and ETHUSDT on Gate, XAUUSDT and XAGUSDT on Binance, and XAUUSDT on OKX.

Reached all-time high open interest of $284 million on Boros.

Arthur Hayes sold $501,640 worth of PENDLE tokens on February 3, 2026.

Arthur Hayes deposited 327,869 PENDLE (valued at $502K) to FalconX.

Achieved over $125 million in cross-chain PT bridge volume.

Integrated with YOverse's $YO rewards program, allowing users to earn $YO rewards by providing liquidity on Pendle.

Offers fixed APY of 3.8% for ETH deposits up to $25k and 3% for deposits up to $100k on PT-pufETH expiring in June, with lock periods up to 144 days.

Deployed additional PENDLE co-incentives for YT-mHYPER and YT-mAPOLLO pools alongside incentives from MidasRWA.

Reached 600+ pools deployed across the protocol.

Launched a new market in collaboration with Superform for SuperUSDC with maturity on 2026-04-30, offering LP positions with 13.3% APY, yield tokens with 42x leverage, and principal tokens with 10.34% fixed yield.

Removed a moderator from the team on 2026-01-29.

Implemented Algorithmic Incentive Model (AIM) with data-driven, performance-based incentives and clear pool APYs, reducing PENDLE emissions by 30%.

Integrated with Gauntlet USD Alpha vault strategy, enabling yield opportunities on Ethereum mainnet, Base, Optimism, and Arbitrum through KAST neobank partnership.

Reached all-time high for average lock duration of 1.65 years for vePENDLE.

Reached $13.4 billion in TVL in 2025.

Staked 77 million PENDLE, representing 45% of circulating supply, with 17.15% APR. 30% of PENDLE supply staked across vePENDLE and sPENDLE.

Three investor/team addresses each transferred 1.8 million PENDLE tokens (totaling 5.4 million PENDLE, valued at approximately $10.6 million) from 3-year-old vesting unlocks to centralized exchanges between January 23rd and January 27th, 2026, with deposits going to Bybit and Binance.

A governance proposal (EIP #10) is live on Snapshot presenting a two-year framework with two distribution options for ongoing rewards and unlocked PENDLE allocation between EQB and ePENDLE holders.

Cap Money is boosting cUSD rewards on Pendle pools.

Integrated with Infinit Labs' Prompt-to-DeFi feature, enabling automated deployment of PT-reUSD strategies with Morpho as collateral through simple text prompts.

Provides existing vePENDLE holders with boosted sPENDLE balances using multipliers up to 4x based on remaining lock duration, with boosts that decay linearly and expire after two years.

sPENDLE has a 14-day withdrawal period, with an option for instant redemption at a 5% fee.

Scheduled a podcast with co-founder Dan for January 20, 2026 at 4:30 AM UTC to discuss Pendle updates.

Re-deployed gUSDC vault on Pendle, enabling users to trade PT (fixed yield) or YT (long yield) with exposure to gUSDC platform fees.

Integrated with OpenOcean for yield aggregation across multiple chains, allowing users to compare Pendle yields with alternatives in one platform.

Added msUSD to the Pendle swap router.

Mentioned by Andy from The Rollup as one of the protocols in the "Neo Finance" category where DeFi and legacy finance converge.

Listed a new market for Avant Protocol's savUSX (staked senior tranche) token.

Multiple pools expired on 2026-01-14, including sThUSD, jrUSDe, srUSDe, and wNLP pools.

Executed a $1 million trade with only 0.2% price impact on a liquidity pool of $9.7 million, representing over 10% of the pool size.

Reached $91 million in sNUSD TVL, representing approximately 64% of total sNUSD supply.

Introduced a new feature called Scale Orders that automates buys and sells across multiple price levels.

Integrated with Origin Protocol for their OETH staking updates.

Predicted to lose market share in 2026 due to significant growth and innovation in the interest rate derivative space with clever new mechanisms from competitors.

Described as a consistent and reliable yield source for stablecoins.

Plans to introduce a new algorithm that automatically decides which pools receive reward boosts, replacing the current manual voting system for stakers.

Generated $45M in fees during 2025.

Introduced YT Extra rewards feature allowing protocols to incentivize their own YTs with extra rewards, with Midas as the first protocol using it.

Expects very positive changes to tokenomics in January 2026.

Reached $527M in TVL on Arbitrum, with 85% of TVL composed of stablecoins, growing 17% month-to-date.

Integrated with Lombard Finance's LBTC token, with over 80% of LBTC actively deployed in Pendle protocol.

Over 104,000 sdPENDLE tokens were minted in the week ending December 27, 2025.