The photo taken casually while eating back then by @tn_pendle has been completely ruined by @PendleIntern using AI 🤣. In short, the boss and the team are really great people, extremely talented and gentle, fun genius kids club. I firmly believe that Pendle will go very far. Grandma has always placed great importance on her career and really needs to have faith in her work, so choosing a job is also a bet on investing in her future growth. Our ambition is to make all yields tradable, including off-chain yields. While Pendle unlocks the yield trading of every asset, it not only empowers the value of that asset but also provides the market and users with more controllable and observable returns. Therefore, in today's increasingly mature DeFi landscape, any institution or traditional financial player wanting to participate in DeFi will definitely choose Pendle. Under this prerequisite, how to optimize our products (Pendle V2 & Boros), how to unlock more assets, and how to better accompany deep capital entry are the key points of Pendle's roadmap this year. The second half of @pendle_fi will have a lot of bullish developments, from launching HyperEVM, to the new Boros product, to cross-chain and KYC institution PT, Grandma has quietly increased her holdings 🙈. (NFA) Joining Pendle is truly the best decision Grandma has made～～～ Job’s not done, moaaaaar actions, Pendle.

When we talk about speculation in crypto, most people immediately think of price charts - longing BTC, aping into alts, or catching memecoin pumps. But a quiet revolution is unfolding in DeFi. @pendle_fi is redefining what it means to speculate, not on price but on yield. 🧵👇

sUSDe's underlying yield is driven by the long-short skew in BTC/USD open interest. This means there's TWO ways to express a bullish BTC sentiment: 1⃣ Buy BTC 2⃣ Buy YT-sUSDe The kicker? sUSDe's Implied APY shot up 42% in the same time BTC price has gone up 9% 🤫 Pendle

Pretty insane that you could swap $100M for PT and still walk away with a best-in-class stablecoin fixed yield @ 11% Fixed APY 12 days to maturity so think of this as an ultra-shorterm zero coupon bond Power of @ethena_labs PT-sUSDe 31 July 2025 ✊

How Level unlocks capital composability for Lenders 1️⃣ Your lending protocol receipt tokens are under-earning Parking USDC or USDT in @Aave, earns the baseline crypto “risk-free” rate, yet the aTokens that represent your position rarely do more than sit idle. You forfeit a whole second layer of yield and the freedom to further redeploy that capital. 2️⃣ How @Levelusd turns aTokens into a composable asset Level lets you permissionlessly mint lvlUSD with USDC, USDT, aUSDC and aUSDT. Level deploys your collateral to Aave for the base lending yield, then distributes the earned yield to slvlUSD holders, which means stakers will still be earning that rate (and often more) while being capital efficient within DeFi. 3️⃣ Composability: slvlUSD × @Pendlefi Because slvlUSD already embeds the full Aave yield, deploying it on Pendle lets a lender unlock opportunities without sacrificing the underlying rate: → Provide LP liquidity: earn swap fees and $PENDLE incentives on top of the slvlUSD base rate. → Buy discounted slvlUSD (PT-slvlUSD): lock in a lower entry price today and crystallize fixed yield at maturity. → Trade Yield Tokens (YT-slvlUSD): Trade directional views on future lending demand. Your capital keeps earning Aave yield, with higher returns if the staking ratio is below 100%, and also receives extra rewards from Pendle. Three independent yield streams built on a single deposit. 4️⃣ Put your receipts to work Stop letting aTokens languish. Mint lvlUSD, stake for slvlUSD, and route it through Pendle to capture every layer of lending-driven yield the market offers, without ever unwinding your original position. Start today at 🆙 (Not available to U.S. residents. Past performance is not a guarantee of future results. Always do your own research.)

.@pendle_fi in Hongdae girl terms (8 IQ)

sUSDe is a product that isn’t replicable in TradFi Enabled by crypto primitives to offer native yield, billions will exit the legacy system via @ethena_labs Terminal is building the marketplace to trade sUSDe with deep liquidity against crypto and institutional assets

We asked @Defi_Maestro to choose his top project in the Ethereum ecosystem (it's @pendle_fi)

Pendle Roundup W29/2025 Market is in a craze run, and so is @pendle_fi. If you're not farming this week, what are you even doing? ✅New markets ✅Yield opportunities ✅Pencosystem 🧵👇:

Crypto is entering a new phase. TradFi is paying closer attention, regulatory frameworks are tightening, and centralized infrastructure is becoming more prominent across the ecosystem. Institutional involvement is no longer some distant milestone. In fact, it’s already happening. People ask us: Do you still believe in DeFi? Dude, of course. Pendle is built in DeFi and for DeFi. But in a space that moves as quickly as this one, you need the flexibility to adapt and evolve. That mindset has been core to how Pendle operates: staying grounded in our principles while remaining open to change to ensure we always maintain PMF. Like what bossman @tn_pendle said, one of our biggest priorities today is "Pendle Permissioned", a dedicated gateway for regulated TradFi institutions to access best-in-class DeFi yields in a compliant and secure way. And in parallel, there's also @boros_fi, designed to support any form of yield, whether it's native to DeFi, from TradFi, onchain, or even offchain sources like mortgage rates or U.S. T-Bills. Our initial focus on funding rates is a perfect example. It's an offchain yield source, yet remains one of the most promising untapped opportunities in the entire space. Arbitrarily limiting ourselves only to so-called DeFi native yields would be missing the bigger picture, and it would constrain Pendle’s long-term potential, especially considering how much bigger the yield sector is beyond our niche space. To put things into perspective, the traditional interest rate swap (IRS) market alone holds over $300 trillion in outstanding notional. That’s roughly 100 times larger than the entire crypto sector. Pendle’s foundation will always be in DeFi. But that doesn’t mean our offerings need to remain confined to the onchain world. The future lies in building hybrid infrastructure that connects DeFi and TradFi, unlocking new capital, new users, and entirely new possibilities for the ecosystem. The DeFi Mullet as explained by @Morpho_Intern - a simple, easy interface stripped of all the complexities, "secretly" powered by DeFi in the back. This is how we scale DeFi to the next level.