Pendle Intern's Notes

With PT-sUSDe (July 2025) maturing in ~9 days, there’s a clear game-theory angle to migrating early:

🧩 Unless you were a late buyer, July PTs are already close to being fully-extracted in value
🧩 Sep PTs are offering a super decent 11.11% Fixed APY now
🧩 Migrating now helps you front-run ~$1.9B of capital queuing to rotate at maturity

https://x.com/PendleIntern/status/1947122092551635391

GM Pendies, if you registered for the Folks Founders Pass whitelist previously (https://x.com/pendle_fi/status/1925352287293382940), here's a reminder that the GOLD Founders Pass mint will be happening later this week

More info at: https://x.com/FolksFinance/status/1944772914345127984

GM Pendies, USDS (SPK Farm) 25 Sep 2025 is now live!

With this, Pendies could now earn SPK rewards directly, which is different from the existing USDS (14 Aug 2025) pool that earns Spark Points (not SPK Rewards).

You can learn more at https://x.com/pendle_fi/status/1942929757961900316

Other new pools going live this week, which are already available for vePENDLE voting:
- Terminal tETH (25 Sep 2025)
- Terminal tBTC (25 Sep 2025)
- Terminal tUSDe (25 Sep 2025)
- USDf (29 Jan 2026) - with Falcon Miles 🦅
- Yearn aGHO-USDf (29 Jan 2026) - with Falcon Miles 🦅
- lstRZR (18 Dec 2025)

Sup Pendiddlers, more Aavendle pools this week woohooo

stkGHO (30 Oct 2025)

Similar to its cousins from last week, this staked GHO is part of Aave's Umbrella Safety Module. Users get to earn more GHO rewards but in exchange for this, stakes may get slashed to cover any potential deficits in the event of a shortfall.

Other pools going live this week which are already up for vePENDLE voting:
- upUSDC (2 Oct 2025)
- iBGT (25 Sep 2025

Like and RT: https://x.com/pendle_fi/status/1940372338459148403

Hi, it's me again Muchachos, here to tell you that the first Re pools are now live on Pendle:

🔹 reUSD (18 Dec 2025)
🔹 reUSDe (18 Dec 2025) | 5x Ethena Sats

Stablecoins deposited on Re Protocol are deployed into various on-chain reinsurance contracts, allowing users to earn a higher yield.

Important - Since reUSD and reUSDe are exposed to underwriting risks, there will be potential negative yield scenarios in the event insurance payouts are triggered.

Like and RT: https://x.com/pendle_fi/status/1938220467753767397

More Pendaave pools, Pendiddlers!

• stkaUSDC (30 Oct 2025)
• stkaUSDT (30 Oct 2025)

These are essentially USDC/USDT staked in Aave's Umbrella Safety Module, allowing you to earn additional rewards on top of the usual deposit APY.

Do note that there may be a chance that these stakes are slashed in the event of a shortfall to cover the deficit, leading to negative yield scenarios (i.e. loss for YT, PT, and/or LP)

Read more at: https://x.com/pendle_fi/status/1938038626174243133

GM Pendiddlers, new BOLD pools are up and running!

- sBOLD (27 Nov 2025)
- Yearn ysyBOLD (27 Nov 2025)

BOLD is Liquity's yield-bearing stablecoin and both of these are auto-compounding vaults run by K3 Capital and Yearn respectively.

For more info, check out: https://x.com/pendle_fi/status/1935684063635050924?s=46

GM Pendies!

If you are a Top 500 vePENDLE holder, you may qualify eligible for the TAC First Force NFT mint

More info at https://x.com/pendle_fi/status/1935544162679669204

P.S. Cutoff for registration in ~4.5 hours so be sure to hurry up!

GM Pendiddlers ~

To anyone here holding >= $5,000 in aggregate in Pendle PT, YT, or LP in Top 3 markets by TVL on Mar 15, 2025, 23:59:59 UTC, and/or at least >=$5000 vePENDLE at the same snapshot, you might be eligible for SPK airdrop.

Note that this is a separate distribution, unrelated to your SPK points 😉

Be sure to check for your freebies here: https://app.spark.fi/spk/airdrop

New pools fresh off the Pendle shelves!

- sGHO 28AUG2025
- USDC (Silo Apostro) 18DEC2025
- USDC (Silo Varlamore) 18DEC2025
- S (Silo Varlamore) 18DEC2025
- YU 4SEP2025

Be sure to update your vePENDLE votes, Pendiddlers ~

Like and RT: https://x.com/pendle_fi/status/1932784978364149811?

G to the Em Pendiddlers, the first Euler markets are now live on Pendle! Specifically:

- USDC (Euler Yield) 18DEC2025
- ETH (Euler Prime) 18DEC2025

With these, you'll be able to speculate and trade the markets' Lending APY + rEUL rewards.

Other markets going live this week with vePENDLE voting:
- AIDa.USDC (14 Aug 2025)
- AIDa.USDT (14 Aug 2025)
- liquidBeraETH (28 Aug 2025)
- liquidBeraBTC (28 Aug 2025)
- USDe on BNB Chain (7 Aug 2025)

Like and RT: https://x.com/pendle_fi/status/1930248244912894382

GM Pendiddlers, some of you may have already noticed that there's been an update in the way PT and YT are named.

Previously, only the [Underlying Asset] is displayed in the name.

Moving forward, [Underlying Asset] (Accounting Asset) will be new convention for improved clarity and transparency.

For example:
- Old name: PT-sUSDe
- New name: PT-sUSDe (USDe)

Note that this is only a name change. There will be NO changes to how the protocol and our assets function.

For more info, check out https://x.com/pendle_fi/status/1929886092486160873

Caps raised for Aave markets again:

- PT-sUSDe July: 1B/1B (100% Filled)
https://app.aave.com/reserve-overview/?underlyingAsset=0x3b3fb9c57858ef816833dc91565efcd85d96f634&marketName=proto_mainnet_v3


- PT-eUSDe August: 322M/400M (81% Filled)
https://app.aave.com/reserve-overview/?underlyingAsset=0x14bdc3a3ae09f5518b923b69489cbcafb238e617&marketName=proto_mainnet_v3

- PT-USDe July: 95M/120M (79% Filled)
https://app.aave.com/reserve-overview/?underlyingAsset=0x917459337caac939d41d7493b3999f571d20d667&marketName=proto_mainnet_v3

New Open Eden cUSDO (20 Nov 2025) is now live, Pendies!!!

And with it the highest Bills multipliers anyone's seen - 20x for YT + 12x for every $1 of LP

But hurry up, these mults are only available for a limited time 😉

Link: https://x.com/pendle_fi/status/1927892700696826192

📢 Attention YT-sKAITO holders! you may be eligible for the $HUMA airdrop!

Be sure to check and claim before the deadline - June 26th 11:59PM UTC

🔗 https://claim.kaito.ai/reward-station/huma

More details in the X post by Kaito: https://x.com/KaitoAI/status/1926950978273542434

Resolv RLP (4 Sep 2025) is now live people!

The RLP token represents your share in Resolv's insurance pool and in return for absorbing market risks for the protocol, you receive a higher portion of yield.

For a limited time, Pendies get to earn 45x Resolv Points for the 1st month, before this reverts to 30x until maturity.

Do note that this is NOT an UPONLY asset.

For more info, check out: https://x.com/pendle_fi/status/1925355963210768568

Psst... Pendle is getting access to the Folks Founders Pass whitelist!

The more Pendies apply, the more spots and higher tier we can get 👀

Pendies who are interested can sign up via the link below. Just be sure to write “Pendle” in the form!👇

https://x.com/FolksFinance/status/1925181349108883898

Quick one everyone, new Ethena pools with refreshed maturities are now live on Pendle!

• USDe 25 Sep 2025 | 60x Sats: https://app.pendle.finance/trade/pools/0x6d98a2b6cdbf44939362a3e99793339ba2016af4/zap/in?chain=ethereum
• sUSDe 25 Sep 2025 | 25x Sats: https://app.pendle.finance/trade/pools/0xa36b60a14a1a5247912584768c6e53e1a269a9f7/zap/in?chain=ethereum

Perfect timing for anyone gearing up for next week's maturity event. Also reminder that vePENDLE voting is already live for these new Sep 2025 pools!

Like and RT: https://x.com/pendle_fi/status/1924812430250844583

USDS (14 Aug 2025) is now live - another addition to our RWA lineup 🤝

With this, Pendies get to earn a special boost of 25x SP in the newly launched Spark Points Campaign

Learn more: https://x.com/pendle_fi/status/1922639373423808682

Pendies, reminder to register your address for $RESOLV airdrop if you've had YT/LP positions in any of the Resolv USR/wstUSR pools!

COMPLETE THIS BEFORE 16 MAY.

https://x.com/ResolvCore/status/1920811574643589535