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Fixed-rate DeFi grows with Pendle's tokenized yield, offering predictable crypto income without losing custody.

Protocol Fundamentals
25 May 2026, 09:11 WIB
Crypto Daily
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Bullish
Fixed-rate DeFi grows with Pendle's tokenized yield, offering predictable crypto income without losing custody.

Pendle, a DeFi protocol, enables investors to lock in fixed rates on-chain by splitting yield-bearing assets into tradable Principal Tokens (PT) and Yield Tokens (YT). This approach turns volatile future yields into predictable cash flows, appealing to builders, treasuries, and crypto funds seeking income certainty. With matured liquidity and tooling, Pendle supports various assets including staking tokens and stablecoins, allowing users to hedge risks or speculate on yields. Despite risks like smart contract vulnerabilities and liquidity issues near maturity, fixed-rate DeFi is gaining traction as a core crypto investment tool, providing an alternative to variable yields and centralized finance products.

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