Pendle splits a yield-bearing asset into a principal token and a yield token, so the future yield can be sold for cash today or bought at a discount by someone who wants the exposure. It reached Robinhood Chain in early September 2026, opening with an sNET market. PENDLE is the protocol token, with governance and emissions on Ethereum rather than here.

pendle.finance · @pendle_fi · App · DefiLlama

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