Pendle, a yield tokenization protocol, has quickly grown to $111 million in total value locked (TVL) on the Monad blockchain, making it the fifth-largest protocol there since its launch on June 19, 2026. This rapid growth is driven by the adoption of the AUSD stablecoin and strong liquidity incentives, including up to $75,000 weekly rewards for liquidity providers. Pendle allows traders to split yield-bearing assets into principal and future yield tokens, enabling trading of future interest payments. Despite its success, questions remain about the sustainability of its aggressive incentive model. Pendle's ecosystem now holds over $1.14 billion TVL across all chains, with Monad representing about 10% of that total.
A whale transferred $1.28 million worth of PENDLE tokens to Binance without staking, raising concerns about increased selling pressure. However, PENDLE's price rallied 12.47% and trading volume surged 121%, indicating strong buyer demand that absorbe...
Pendle Finance has increased the incentives cap for its PT Looping program to $15 million, allowing more capital to engage in its advanced yield strategies. This program involves leveraging Principal Tokens (PTs) on lending platforms like Aave and Mo...
