[Pendle Week #77] – TVL Hits New High, Many New Pools Launched

@pendle_fi continues to break TVL records, showing that the demand for fixed yield locking remains strong despite market fluctuations. At the same time, many new pools are being opened on various networks, especially stablecoins and community pools.

1. Newly launched pool – Many options for users

25/09: sUSDe (Ethena) & hwHLP (Hyperwave) on HYPE

30/10: hlUSD (Felix)

18/12: pUSDC (Morpho – Ethereum)

Community Pools: re-AUSDC (SONIC – 18/12), atvUSDC (ETH – 06/11), slpUSD (ETH – 25/09), wmetaUSD (SONIC – 18/12), msUSD (SONIC – 30/10)

💥 Personal opinion: Stable pools on SONIC usually have high APY in the early stages due to unsaturated capital. However, my experience before participating is to check TVL and trading volume to ensure there is enough liquidity when you need to withdraw.

2. Outstanding yield this week - Stablecoins dominate

mEDGE (30/10 – ETH): LP ~24.94%

sYUSD (04/09 – ETH): PT ~16.16%

hwHLP (25/09 – ETH): PT ~14.2%

yoETH (25/09 – Base): PT ~7.25%

tUSDe (15/09 – ETH): PT ~13.31%

USDe (15/09 – ETH): PT ~12.57%

💥 Perspective: An APY stablecoin above 10% indicates high capital locking demand. In this situation, short-term PT is a reasonable choice to both secure a good interest rate and avoid significant price volatility.

3. Update the ecosystem

🔹 Pendle is now available on HyperEVM, attracting capital flow from this system.

🔹 PT Swap integrated on Aave, allowing for term exchanges without the need to withdraw capital.

🔹 The PendleV2 reward mechanism is adjusted to balance the interests of LP and PT holders.

🔹 YT fees remain unchanged, providing stability for traders.

💥 Perspective: PT Swap on Aave is an important improvement. It helps save costs and time for investors looking to rotate capital among different maturities.

🎯 Pendle week #77 shows a distinctly recovering yield market:

Stablecoin returns to double-digit interest rates

TVL hits a new peak thanks to real capital flow

The expanded infrastructure allows for more flexible capital movement.

Pendle continues to assert its role as the leading yield tokenization infrastructure in DeFi.