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TVL $78MAPY 1.37%medium riskUpdated Jan 15, 2025

Pendle Market USDai 19FEB2026

Pendle liquidity pool for PT-USDai and SY-USDai on Arbitrum. Earn trading fees by providing liquidity.

ProtocolPendle
Networkarbitrum
SymbolPT-USDAI-19FEB2026/SY-USDAI
CategoryYield Trading
Underlying Assets
PT-USDaiSY-USDaiUSDai
Contract Address0x3308574370f19ea639f4671838e01cfb77d8db70

What is a Pendle Market?

Pendle Markets are automated market maker (AMM) pools enabling trading between Principal Tokens and their underlying Standardized Yield tokens. This market pairs PT-USDai with SY-USDai on Arbitrum.

Liquidity Provision Rewards

By providing liquidity to this market:

  1. Trading Fees: Earn a share of all swaps
  2. PENDLE Rewards: Protocol incentives for LPs
  3. Underlying Yield: Exposure to SY-USDai yield

The displayed APY combines all yield sources.

Pendle AMM Design

Unlike standard AMMs, Pendle's is designed for yield trading:

  • Accounts for PT approaching maturity
  • Minimizes impermanent loss from time decay
  • Optimized for PT/SY pair dynamics

Arbitrum Benefits

This market on Arbitrum offers:

  • Lower gas costs for deposits/withdrawals
  • Faster transaction confirmations
  • Same Pendle functionality as mainnet

Market Mechanics

Maturity: February 19, 2026

As maturity approaches:

  • PT price converges toward SY
  • Trading activity may shift
  • Pool dynamics change

Who Should Provide Liquidity?

Suitable For:
  • Yield farmers seeking diversified returns
  • Those comfortable with AMM mechanics
  • Pendle ecosystem participants
Less Suitable For:
  • Pure fixed yield seekers (use PT directly)
  • Passive investors unfamiliar with LPing
  • Those seeking simple exposure

Risks

  • Impermanent Loss: PT/SY price divergence
  • Smart Contract Risk: Pendle AMM vulnerabilities
  • Maturity Risk: Pool behavior changes near expiry
  • Layer 2 Risk: Arbitrum dependencies
Disclaimer: APY and TVL figures are based on on-chain data and may fluctuate. Past performance does not guarantee future results. DeFi investments carry smart contract, market, and liquidity risks. This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.

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