What is PT-eETH on Arbitrum?
PT-eETH-29JAN2026 is a Principal Token for EtherFi's eETH on Arbitrum, redeemable 1:1 for eETH at maturity on January 29, 2026.
EtherFi eETH on Arbitrum
Bridged eETH on Arbitrum:
- Maintains restaking yield exposure
- Lower transaction costs
- Faster trade execution
- Same underlying value as mainnet
Short-Term Fixed Yield
Near-term maturity benefits:
- Quick capital turnover
- Reduced duration risk
- More flexibility for redeployment
- Lower commitment period
Arbitrum Advantages
Trading on L2 provides:
- Significantly lower gas costs
- Fast confirmations
- Active DeFi ecosystem
- Same Pendle functionality
Fixed Yield Mechanics
- Buy at Discount: Small discount for short duration
- Hold: Until January 29, 2026
- Redeem: Each PT = 1 eETH
- Profit: Discount is your return
Maturity: January 29, 2026
At maturity on Arbitrum:
- Redeem PT for eETH
- Continue holding eETH or convert
- Bridge to mainnet if needed
Risks
- Execution Risk: Short window for strategy
- EtherFi Risk: eETH depends on EtherFi
- Layer 2 Risk: Arbitrum sequencer risks
- Bridge Risk: Bridged asset counterparty risk
- Roll Risk: Need new opportunities after maturity