[Pendle Week #77] – TVL Peaks, Many New Pools Launched
@pendle_fi continues to break TVL records, showing that the demand for locking fixed yield remains strong despite market volatility. At the same time, many new pools have been opened on various networks, especially stablecoins and community pools.
1. New pools launched – Many options for users
09/25: sUSDe (Ethena) & hwHLP (Hyperwave) on HYPE
10/30: hlUSD (Felix)
12/18: pUSDC (Morpho – Ethereum)
Community Pools: re-AUSDC (SONIC – 12/18), atvUSDC (ETH – 11/06), slpUSD (ETH – 09/25), wmetaUSD (SONIC – 12/18), msUSD (SONIC – 10/30)
💥 Personal opinion: Stable pools on SONIC often have high APY in the early stages due to unsaturated capital. However, based on my experience before participating, it's advisable to check TVL and trading volume to ensure liquidity is sufficient when withdrawal is needed.
2. Outstanding yields this week – Stablecoins dominate
mEDGE (10/30 – ETH): LP ~24.94%
sYUSD (09/04 – ETH): PT ~16.16%
hwHLP (09/25 – ETH): PT ~14.2%
yoETH (09/25 – Base): PT ~7.25%
tUSDe (09/15 – ETH): PT ~13.31%
USDe (09/15 – ETH): PT ~12.57%
💥 Perspective: Stablecoin APY above 10% indicates high demand for locked capital. Given this situation, short-term PT is a reasonable choice to achieve good interest rates while avoiding large price fluctuations.
3. Ecosystem updates
🔹 Pendle is now available on HyperEVM, attracting capital flows from this network.
🔹 PT Swap integrated on Aave, allowing term exchanges without needing to withdraw capital.
🔹 PendleV2 reward mechanism adjusted to balance the interests of LP and PT holders.
🔹 YT fees remain unchanged, providing stability for traders.
💥 Perspective: PT Swap on Aave is an important improvement. It helps save costs and time for investors looking to rotate capital between terms.
🎯 Pendle Week #77 shows a clearly recovering yield market:
Stablecoins returning to double-digit interest rates
TVL reaching new peaks thanks to real capital inflows
Infrastructure expansion allows for more flexible capital movement
Pendle continues to assert its role as the leading yield tokenization infrastructure in DeFi.
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