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
29.57%
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
29.57%
locked
51d
Aug 27
$300 K
PT-STRCx-27AUG2026
Principal Token
23.59%
locked
51d
Aug 27
$800 K
PT-sKAITO-30JUL2026
Principal Token
20.88%
locked
23d
Jul 30
$200 K
PT-sUSD3-17DEC2026
Principal Token
20.23%
locked
163d
Dec 17
$300 K
PT-ROY-JT-apyUSD-5NOV2026
Principal Token
18.97%
locked
121d
Nov 5
$900 K
PT-reUSDe-10DEC2026
Principal Token
16.54%
locked
156d
Dec 10
$4 M
PT-apyUSD-27AUG2026
Principal Token
16.45%
locked
51d
Aug 27
$8 M
PT-sUSDat-27AUG2026
Principal Token
16.05%
locked
51d
Aug 27
$3 M
PT-apyUSD-5NOV2026
Principal Token
15.46%
locked
121d
Nov 5
$4 M
PT-sENA-24SEP2026
Principal Token
13.76%
locked
79d
Sep 24
$2 M
PT-USP-26NOV2026
Principal Token
13.39%
locked
142d
Nov 26
$200 K
PT-apxUSD-5NOV2026
Principal Token
13.24%
locked
121d
Nov 5
$40 K
PT-nOPAL-17SEP2026
Principal Token
12.73%
locked
72d
Sep 17
$3 M
PT-ROY-ST-apyUSD-5NOV2026
Principal Token
12.23%
locked
121d
Nov 5
$200 K
PT-40acresUSDC-27AUG2026
Principal Token
12.18%
locked
51d
Aug 27
$90 K
PT-msY-30JUL2026
Principal Token
12.12%
locked
23d
Jul 30
$2 M
PT-sUSDat-27AUG2026
Principal Token
12.11%
locked
51d
Aug 27
$3 M
PT-USD3-17DEC2026
Principal Token
11.83%
locked
163d
Dec 17
$7 M
PT-srUSDat-27AUG2026
Principal Token
11.47%
locked
51d
Aug 27
$900 K
PT-AID-30JUL2026
Principal Token
10.34%
locked
23d
Jul 30
$50 K
PT-ynRWAx-15OCT2026
Principal Token
10.22%
locked
100d
Oct 15
$900 K
PT-eEARN-24SEP2026
Principal Token
10.16%
locked
79d
Sep 24
$1 M
PT-reUSD-10DEC2026
Principal Token
10.04%
locked
156d
Dec 10
$7 M
PT-SIERRA-6AUG2026
Principal Token
10.03%
locked
30d
Aug 6
$20 M
PT-USDat-27AUG2026
Principal Token
9.67%
locked
51d
Aug 27
$2 M
PT-sUSDai-25FEB2027
Principal Token
9.62%
locked
233d
Feb 25
$1 M
PT-sAID-30JUL2026
Principal Token
9.54%
locked
23d
Jul 30
$200 K
PT-sUSDai-15OCT2026
Principal Token
9.42%
locked
100d
Oct 15
$10 M
PT-sUSN-30JUL2026
Principal Token
8.85%
locked
23d
Jul 30
$2 M
PT-apxUSD-5NOV2026
Principal Token
8.51%
locked
121d
Nov 5
$3 M
PT-mHYPER-24SEP2026
Principal Token
8.49%
locked
79d
Sep 24
$800 K
PT-sNUSD-24SEP2026
Principal Token
8.29%
locked
79d
Sep 24
$5 M
PT-srNUSD-17SEP2026
Principal Token
8.27%
locked
72d
Sep 17
$1 M
PT-savUSD-6AUG2026
Principal Token
8.16%
locked
30d
Aug 6
$800 K
PT-siUSD-20AUG2026
Principal Token
8.14%
locked
44d
Aug 20
$400 K
PT-apxUSD-27AUG2026
Principal Token
7.97%
locked
51d
Aug 27
$1 M
PT-tmvUSDC-29OCT2026
Principal Token
7.91%
locked
114d
Oct 29
$1 M
PT-USDat-27AUG2026
Principal Token
7.89%
locked
51d
Aug 27
$9 M
PT-cUSD-23JUL2026
Principal Token
7.61%
locked
16d
Jul 23
$1 M
PT-mAPOLLO-24SEP2026
Principal Token
7.59%
locked
79d
Sep 24
$3 M
PT-apxUSD-5NOV2026
Principal Token
7.23%
locked
121d
Nov 5
$200 K
PT-sUSDD-27AUG2026
Principal Token
7.05%
locked
51d
Aug 27
$5 M
PT-msUSD-30JUL2026
Principal Token
7.04%
locked
23d
Jul 30
$500 K
PT-NUSD-24SEP2026
Principal Token
6.98%
locked
79d
Sep 24
$200 K
PT-jrNUSD-17SEP2026
Principal Token
6.96%
locked
72d
Sep 17
$500 K
PT-USDai-25FEB2027
Principal Token
6.67%
locked
233d
Feb 25
$60 K
PT-stcUSD-23JUL2026
Principal Token
6.52%
locked
16d
Jul 23
$3 M
PT-yoUSD-24SEP2026
Principal Token
6.48%
locked
79d
Sep 24
$100 K
PT-jrUSDe-22OCT2026
Principal Token
6.32%
locked
107d
Oct 22
$700 K
PT-USDai-15OCT2026
Principal Token
6.22%
locked
100d
Oct 15
$50 M
Refreshed daily · fixed APY = implied yield-to-maturity · expiry is non-negotiable