Pendle on Robinhood Chain
Yield & Vaults · $PENDLELock in a fixed yield, or bet on future yield, by trading the principal and yield parts of a token.
Official links: Website (pendle.finance) · App (app.pendle.finance) · @pendle_fi (x.com) · Docs (docs.pendle.finance) · Discord (discord.gg) · GitHub (github.com) · DefiLlama (defillama.com)
What Pendle does
- Buy principal tokens (PT) to lock a fixed yield until maturity
- Buy yield tokens (YT) to take leveraged exposure to future yield
- Provide liquidity to PT pools for swap fees
- Robinhood Chain opened with an sNET market (matured 2026-09-17)
Pendle takes 5% of all yield accrued by YTs plus a swap fee on PT trades; 20% of swap fees go to LPs, and the rest is split 80% PENDLE buybacks, 10% treasury, 10% operations.
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 that matured on 17 September 2026. PENDLE is the protocol token, with governance and emissions on Ethereum rather than here.
- On Robinhood Chain since: 2026-09-04
- Founded: 2021
- Team: Pendle Finance; founded by TN Lee (former Kyber Network co-founder); CTO Vu Nguyen.
- Token: $PENDLE
- Audits: Multiple (Pendle V2 audit folder)
Pendle news
- 2026-09-04 — Pendle launches on Robinhood Chain with sNET market
- 2026-09-04 — Pendle Robinhood launch extends DeFi yield trading
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