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
24.74%
Yield curve · APY vs days
25 markets
Markets
50
Capital
$150 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-sUSD3-17DEC2026
Principal Token
24.74%
locked
117d
Dec 17
$900 K
PT-ROY-JT-apyUSD-5NOV2026
Principal Token
19.15%
locked
75d
Nov 5
$1 M
PT-sUSDat-14JAN2027
Principal Token
18.90%
locked
145d
Jan 14
$20 K
PT-reUSDe-10DEC2026
Principal Token
18.28%
locked
110d
Dec 10
$5 M
PT-apyUSD-5NOV2026
Principal Token
14.68%
locked
75d
Nov 5
$6 M
PT-ROY-ST-apyUSD-5NOV2026
Principal Token
14.58%
locked
75d
Nov 5
$100 K
PT-nOPAL-17SEP2026
Principal Token
13.95%
locked
26d
Sep 17
$3 M
PT-USP-26NOV2026
Principal Token
13.84%
locked
96d
Nov 26
$200 K
PT-USD3-17DEC2026
Principal Token
13.75%
locked
117d
Dec 17
$7 M
PT-sENA-24SEP2026
Principal Token
13.47%
locked
33d
Sep 24
$4 M
PT-apxUSD-5NOV2026
Principal Token
13.29%
locked
75d
Nov 5
$200 K
PT-apxUSD-5NOV2026
Principal Token
12.97%
locked
75d
Nov 5
$50 K
PT-strUSD-26NOV2026
Principal Token
11.80%
locked
96d
Nov 26
$7 M
PT-reUSD-10DEC2026
Principal Token
10.78%
locked
110d
Dec 10
$9 M
PT-ynRWAx-15OCT2026
Principal Token
10.28%
locked
54d
Oct 15
$800 K
PT-trUSD-26NOV2026
Principal Token
10.24%
locked
96d
Nov 26
$3 M
PT-eEARN-24SEP2026
Principal Token
10.21%
locked
33d
Sep 24
$1 M
PT-srUSDat-14JAN2027
Principal Token
10.20%
locked
145d
Jan 14
$50 K
PT-sUSDai-15OCT2026
Principal Token
10.06%
locked
54d
Oct 15
$10 M
PT-apxUSD-5NOV2026
Principal Token
9.91%
locked
75d
Nov 5
$2 M
PT-sUSDai-25FEB2027
Principal Token
9.29%
locked
187d
Feb 25
$1 M
PT-yoUSD-24SEP2026
Principal Token
9.03%
locked
33d
Sep 24
$70 K
PT-sNUSD-24SEP2026
Principal Token
8.75%
locked
38d
Sep 24
$4 M
PT-srNUSD-17SEP2026
Principal Token
8.67%
locked
27d
Sep 17
$900 K
PT-jrUSDe-22OCT2026
Principal Token
8.54%
locked
61d
Oct 22
$600 K
PT-mHYPER-24SEP2026
Principal Token
8.39%
locked
33d
Sep 24
$1 M
PT-sAID-31DEC2026
Principal Token
8.24%
locked
131d
Dec 31
$60 K
PT-sUSN-22JUL2027
Principal Token
8.22%
locked
334d
Jul 22
$1 M
PT-mAPOLLO-24SEP2026
Principal Token
8.13%
locked
33d
Sep 24
$3 M
PT-SY SIERRA-22OCT2026
Principal Token
8.10%
locked
61d
Oct 22
$9 M
PT-tmvUSDC-29OCT2026
Principal Token
7.94%
locked
68d
Oct 29
$1 M
PT-siUSD-22OCT2026
Principal Token
7.87%
locked
61d
Oct 22
$100 K
PT-superUSDC-26NOV2026
Principal Token
7.63%
locked
96d
Nov 26
$800 K
PT-jrNUSD-17SEP2026
Principal Token
7.34%
locked
27d
Sep 17
$100 K
PT-NUSD-24SEP2026
Principal Token
7.16%
locked
38d
Sep 24
$200 K
PT-USDai-25FEB2027
Principal Token
6.89%
locked
187d
Feb 25
$60 K
PT-USDai-15OCT2026
Principal Token
6.78%
locked
54d
Oct 15
$50 M
PT-USDat-14JAN2027
Principal Token
6.76%
locked
145d
Jan 14
$300 K
PT-WOUSD-17DEC2026
Principal Token
6.33%
locked
117d
Dec 17
$200 K
PT-fxSAVE-29OCT2026
Principal Token
5.81%
locked
68d
Oct 29
$600 K
PT-USDat-14JAN2027
Principal Token
5.62%
locked
145d
Jan 14
$50 K
PT-sYUSD-24SEP2026
Principal Token
5.49%
locked
33d
Sep 24
$2 M
PT-sUSDf-17DEC2026
Principal Token
5.33%
locked
117d
Dec 17
$200 K
PT-mixUSDC-29OCT2026
Principal Token
5.00%
locked
68d
Oct 29
$50 K
PT-sUSDS-26NOV2026
Principal Token
4.97%
locked
96d
Nov 26
$3 M
PT-Morpho-cbBTC-USDC-17SEP2026
Principal Token
4.24%
locked
26d
Sep 17
$70 K
PT-sUSDE-26NOV2026
Principal Token
4.19%
locked
96d
Nov 26
$3 M
PT-srUSDe-22OCT2026
Principal Token
4.02%
locked
61d
Oct 22
$5 M
PT-sBOLD-4FEB2027
Principal Token
3.64%
locked
166d
Feb 4
$200 K
PT-USDG-24SEP2026
Principal Token
3.40%
locked
33d
Sep 24
$4 M
Refreshed daily · fixed APY = implied yield-to-maturity · expiry is non-negotiable