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Pendle launches four fixed-yield USDe markets on Ethereum with 3-12 month terms and $50M caps each

Protocol Fundamentals
11 Nov 2026, 16:50 WIB
Tokenpost
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Bullish
Pendle launches four fixed-yield USDe markets on Ethereum with 3-12 month terms and $50M caps each

Pendle has introduced four fixed-yield markets for the USDe stablecoin on Ethereum, offering investors the option to lock in returns over three, six, nine, or 12 months. Buyers purchase PT-USDe tokens at a discount, which can be redeemed 1:1 for USDe at maturity, with the discount representing the yield. Each market has an initial cap of $50 million, which Pendle may increase once filled. Ethena will receive half the fees from third-party-operated Ethena pools on Pendle, but no Ethena-token incentives will be offered in these markets.

Pendle's launch of four fixed-yield USDe markets provides new options for locking in returns up to 12 months. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Nov 11, 2026 21:51 WIB: out of 50 major cryptocurrencies, 9 rose and 40 fell. Notable movers include ETC at Rp120.404 with a 1-day change of -2.28% and Pluang order activity showing 87% Sell / 13% Buy, ENJ at Rp416 with -2.21% change and 32% Sell / 68% Buy activity, and FTM at Rp11.382 down 2.05%.

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