A standing dispatch on
Lock in today's yield rate until a known maturity date. Pendle splits a yield-bearing token into a fixed-return part you can buy at a discount and a floating-yield part for the speculative side.
Top fixed rate today
28.64%
Yield curve · APY vs days
25 markets
Markets
50
Capital
$180 M
Chains
4
Principal Tokens (PT) are zero-coupon claims on the underlying yield-bearing asset. Buy a PT-sUSDe at a 12% discount with 90 days to expiry — at maturity it redeems 1:1 for sUSDe, locking in ~12% annualized return. The implied APY column is what you fix today.
Yield Tokens (YT) are the other side — leveraged floating yield exposure, often with points multipliers. Different risk/return profile; surfaced on individual market pages.
PT-jrUSDat-27AUG2026
Principal Token
28.64%
locked
49d
Aug 27
$300 K
PT-STRCx-27AUG2026
Principal Token
23.12%
locked
49d
Aug 27
$800 K
PT-sKAITO-30JUL2026
Principal Token
20.65%
locked
21d
Jul 30
$300 K
PT-sUSD3-17DEC2026
Principal Token
19.00%
locked
161d
Dec 17
$400 K
PT-ROY-JT-apyUSD-5NOV2026
Principal Token
18.97%
locked
119d
Nov 5
$900 K
PT-reUSDe-10DEC2026
Principal Token
17.44%
locked
154d
Dec 10
$4 M
PT-apyUSD-27AUG2026
Principal Token
16.40%
locked
49d
Aug 27
$8 M
PT-apyUSD-5NOV2026
Principal Token
15.45%
locked
119d
Nov 5
$4 M
PT-sUSDat-27AUG2026
Principal Token
14.82%
locked
49d
Aug 27
$3 M
PT-sENA-24SEP2026
Principal Token
13.84%
locked
77d
Sep 24
$2 M
PT-sUSDat-27AUG2026
Principal Token
13.47%
locked
49d
Aug 27
$3 M
PT-USP-26NOV2026
Principal Token
13.34%
locked
140d
Nov 26
$200 K
PT-nOPAL-17SEP2026
Principal Token
12.97%
locked
70d
Sep 17
$3 M
PT-apxUSD-5NOV2026
Principal Token
12.92%
locked
119d
Nov 5
$40 K
PT-40acresUSDC-27AUG2026
Principal Token
12.34%
locked
49d
Aug 27
$90 K
PT-ROY-ST-apyUSD-5NOV2026
Principal Token
12.23%
locked
119d
Nov 5
$200 K
PT-msY-30JUL2026
Principal Token
12.12%
locked
21d
Jul 30
$2 M
PT-USD3-17DEC2026
Principal Token
12.00%
locked
161d
Dec 17
$7 M
PT-srUSDat-27AUG2026
Principal Token
11.13%
locked
49d
Aug 27
$1 M
PT-reUSD-10DEC2026
Principal Token
10.48%
locked
154d
Dec 10
$7 M
PT-AID-30JUL2026
Principal Token
10.34%
locked
21d
Jul 30
$50 K
PT-ynRWAx-15OCT2026
Principal Token
10.22%
locked
98d
Oct 15
$900 K
PT-eEARN-24SEP2026
Principal Token
10.16%
locked
77d
Sep 24
$1 M
PT-SIERRA-6AUG2026
Principal Token
10.07%
locked
28d
Aug 6
$20 M
PT-sUSDai-15OCT2026
Principal Token
9.91%
locked
98d
Oct 15
$10 M
PT-sUSDai-25FEB2027
Principal Token
9.68%
locked
231d
Feb 25
$2 M
PT-sAID-30JUL2026
Principal Token
9.54%
locked
21d
Jul 30
$200 K
PT-USDat-27AUG2026
Principal Token
9.37%
locked
49d
Aug 27
$2 M
PT-sUSN-30JUL2026
Principal Token
9.01%
locked
21d
Jul 30
$2 M
PT-siUSD-20AUG2026
Principal Token
8.80%
locked
42d
Aug 20
$400 K
PT-sNUSD-24SEP2026
Principal Token
8.79%
locked
77d
Sep 24
$5 M
PT-mHYPER-24SEP2026
Principal Token
8.49%
locked
77d
Sep 24
$800 K
PT-apxUSD-5NOV2026
Principal Token
8.33%
locked
119d
Nov 5
$3 M
PT-savUSD-6AUG2026
Principal Token
8.16%
locked
28d
Aug 6
$800 K
PT-srNUSD-17SEP2026
Principal Token
8.15%
locked
70d
Sep 17
$1 M
PT-tmvUSDC-29OCT2026
Principal Token
7.91%
locked
112d
Oct 29
$1 M
PT-USDat-27AUG2026
Principal Token
7.89%
locked
49d
Aug 27
$9 M
PT-mAPOLLO-24SEP2026
Principal Token
7.83%
locked
77d
Sep 24
$3 M
PT-apxUSD-5NOV2026
Principal Token
7.83%
locked
119d
Nov 5
$200 K
PT-apxUSD-27AUG2026
Principal Token
7.77%
locked
49d
Aug 27
$5 M
PT-cUSD-23JUL2026
Principal Token
7.65%
locked
14d
Jul 23
$1 M
PT-sUSDD-27AUG2026
Principal Token
7.22%
locked
49d
Aug 27
$5 M
PT-NUSD-24SEP2026
Principal Token
7.16%
locked
77d
Sep 24
$200 K
PT-jrNUSD-17SEP2026
Principal Token
6.96%
locked
70d
Sep 17
$500 K
PT-USDai-25FEB2027
Principal Token
6.79%
locked
231d
Feb 25
$60 K
PT-msUSD-30JUL2026
Principal Token
6.70%
locked
21d
Jul 30
$500 K
PT-yoUSD-24SEP2026
Principal Token
6.44%
locked
77d
Sep 24
$100 K
PT-jrUSDe-22OCT2026
Principal Token
6.43%
locked
105d
Oct 22
$700 K
PT-USDai-15OCT2026
Principal Token
6.31%
locked
98d
Oct 15
$50 M
PT-stcUSD-23JUL2026
Principal Token
6.22%
locked
14d
Jul 23
$3 M
Refreshed daily · fixed APY = implied yield-to-maturity · expiry is non-negotiable