Pendle has emerged as a leading protocol in the decentralized finance (DeFi) space by pioneering yield tokenization — a mechanism that allows users to separate and trade future yield from their assets. With consistent innovation, strategic partnerships, and a growing ecosystem, Pendle continues to expand its influence across multiple blockchain networks. This article explores recent events, key developments, platform upgrades, and upcoming milestones that define Pendle’s trajectory in 2025.
Recent Community Engagement and AMAs
Community interaction remains central to Pendle’s growth strategy. The team has hosted several Ask Me Anything (AMA) sessions on X (formerly Twitter), offering transparency and direct communication with users.
One notable upcoming event is an AMA scheduled for June 20, where members of Pendle’s growth team will discuss recent project developments and answer live questions from the community. These sessions have become essential touchpoints for investors and participants seeking insights into Pendle’s evolving strategies, especially around yield optimization and new integrations.
Earlier in May, Pendle held a dedicated AMA focused on stablecoin yield strategies, highlighting opportunities within the protocol for low-volatility assets. Discussions included risk parameters, APY drivers, and how vePENDLE holders influence reward distribution across pools.
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New Yield Pools and Enhanced Returns
In a major move to boost user incentives, Pendle recently launched a series of new yield-generating pools tailored for both stablecoin and ETH holders.
- Stablecoin pools now offer competitive annual percentage yields (APYs) of up to 86%, attracting yield-focused investors looking for efficient capital use.
- For ETH stakers, Liquid Restaking pools deliver even higher returns, with APYs reaching as high as 109%, leveraging restaking protocols like EigenLayer to maximize yield layers.
These offerings reinforce Pendle’s role as a hub for structured yield products, enabling users to speculate on or hedge against future income streams through tradable Yield Tokens (YT) and Principal Tokens (PT).
Additionally, the introduction of stEUR — the receipt token for liquid staking euros — expands Pendle’s reach into non-USD-denominated yield markets. This integration allows European-based DeFi users to tokenize and trade euro-denominated staking rewards directly on Ethereum.
Platform Upgrades: UI Improvements and Fee Adjustments
To enhance usability, Pendle rolled out a user interface (UI) update featuring a new aggregator view. This improvement enables users to filter and sort all available pools by underlying assets, APY, maturity date, and risk profile — streamlining decision-making for both novice and advanced traders.
Alongside UX enhancements, Pendle adjusted its fee structure effective May 2. The fee for claiming Yield Tokens (YT) increased from 3% to 5%, with all proceeds directed to vePENDLE stakers. This change strengthens the value accrual mechanism for long-term holders and supports sustainable protocol revenue.
Strategic Integrations and Ecosystem Expansion
Pendle continues to deepen its presence across emerging ecosystems. A key highlight is the launch of SolvBTC.Bera, a new pool developed in collaboration with Solv Protocol and Berachain. Scheduled for release on April 10, this initiative targets the BTCfi (Bitcoin financialization) sector within Berachain’s Boyco pool.
Participants can earn multi-layered rewards:
- Solv XP points
- Corn grains (Berachain-native incentives)
- Babylon points
This marks the fifth installment in Pendle’s Bera Series, showcasing its commitment to cross-chain innovation and early participation in high-potential Layer 1 ecosystems.
Furthermore, Pendle’s partnership with Solv Protocol enabled the release of SolvBTC.BBN, allowing users to maximize multiplier benefits during joint campaigns — combining XP gains with native token emissions.
Major Listings and Index Inclusion
Pendle’s visibility surged following listings on top-tier exchanges:
- OKX listed PENDLE on September 27
- Upbit added trading pairs on August 6
- AscendEX launched PENDLE/USDT trading on June 25
These listings significantly improved liquidity and global accessibility for the PENDLE token.
Additionally, Pendle was officially integrated into the DeFi Pulse Index (DPI) — a milestone that underscores its recognition as a core component of the broader DeFi landscape. Inclusion in DPI exposes Pendle to passive investment vehicles and index-tracking portfolios.
Governance and Incentive Programs
Governance activity remains robust within the Pendle ecosystem. A snapshot taken on December 31 allocated 8 million PENDLE tokens to vePENDLE holders, reinforcing decentralized ownership and long-term alignment.
An earlier incentive program launched on November 28 supported voting for the Morpho Pendle WBTC Vault, encouraging participation in yield-generating vaults maturing on March 27, 2025.
The LP incentive program, initiated January 16, rewarded liquidity providers across key pools, while a community call on January 23 provided updates on governance proposals and roadmap execution.
Looking ahead, Boros v3.0 is set for release in Q1, promising enhanced composability, improved capital efficiency, and expanded support for new asset types.
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Frequently Asked Questions
What is Pendle’s core innovation in DeFi?
Pendle introduces yield tokenization, allowing users to separate future yield from principal. These components — represented as Yield Tokens (YT) and Principal Tokens (PT) — can be traded independently, enabling advanced strategies like yield speculation, hedging, and leveraged positions.
How does vePENDLE work?
Holding PENDLE tokens allows users to lock them into vePENDLE, which grants voting power over governance decisions and entitles holders to protocol fees. This model promotes long-term commitment and aligns incentives across the ecosystem.
What are Liquid Restaking Pools?
Liquid Restaking Pools combine staking rewards with restaking protocols like EigenLayer. Users deposit ETH, earn staking yield, and further amplify returns by securing additional networks — all while maintaining liquidity via tokenized positions on Pendle.
Is Pendle safe to use?
Pendle operates on audited smart contracts across multiple chains including Ethereum, Arbitrum, and Base. However, like all DeFi protocols, it carries risks related to smart contract vulnerabilities, market volatility, and impermanent loss. Users should perform due diligence before participating.
Can I earn rewards without locking tokens?
Yes. While locking PENDLE into vePENDLE maximizes benefits, users can still earn trading fees and incentives by providing liquidity or participating in yield pools without engaging in governance.
What networks does Pendle support?
Pendle is live on Ethereum, Arbitrum, Optimism, Base, and several other EVM-compatible chains, facilitating broad access and low-cost interactions depending on user preferences.
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Final Thoughts
Pendle stands at the forefront of the next evolution in yield finance. With continuous product innovation, strong community engagement, and strategic expansions into new ecosystems like Berachain and BTCfi, the protocol is well-positioned for sustained growth throughout 2025.
As demand for structured financial products rises in DeFi, Pendle’s ability to tokenize and trade future cash flows offers a compelling solution for both retail and institutional participants. Whether you're optimizing ETH yields or exploring stablecoin strategies, Pendle provides the tools to take control of your yield destiny.