Lock a fixed rate on dollars, or buy a stock's dividends without buying the stock. No liquidation, straight from your wallet.
Lock a quoted rate until maturity.
Own the interest as rates move.
Lock a quoted APY until maturity. No margin calls, no liquidation. Selling early is priced by the market.
You buy at a discount and target 1 unit of the asset per token at maturity. The discount is your return.
Buy an interest stream for a fraction of the asset's price. If the rate runs above break-even, you come out ahead. Claim as it accrues.
A small amount controls the interest of a much larger position.
Every unit splits into a fixed side (PT) and an interest side (YT). At maturity, 1 PT redeems 1 unit and YT has paid out everything it earned.
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Dollars, T-bills, stock dividends and staking rewards. Every rate comes from a real source.
The asset earns a rate that changes every day. Pendle splits it in two: one side locks a quoted rate to maturity, the other follows it.
Targets 1 unit at maturity, bought below 1 today. The gap is your return. No liquidation.
Collects the interest as it accrues, then expires at maturity. Wins above break-even, loses below.
JANO adds no interface fee: you pay only Pendle's own swap fee. Creator fees from $JANO are split in two, and the burn is checkable onchain.
Market-buys $JANO and sends it to the dead address. Supply only goes one way.
Infrastructure, new markets, integrations and growth.
Pick a market, slide the rate and watch both sides respond. Live prices, illustrative outcome.
Held to maturity, you get exactly the quote you accepted, whatever rates do. Selling early is priced by the market and can differ.
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| Asset | Fixed APY | Matures | |||||
|---|---|---|---|---|---|---|---|
Fixed APY is what the market prices today, before price impact. Rate now is what the underlying pays right now.
Fixed Yield locks a quoted outcome. Trading Yield buys the future interest, with the risk shown before you sign.
A predictable return, or exposure to the rate. PT and YT do the work behind the scenes.
A live quote from Pendle as you type, price impact included.
What you get at maturity, the risk and every fee. Approve, confirm, done.
Two positions opened today, replayed day by day at today's prices and rate.
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Ready to trade
Lock a quoted APY or trade where rates are heading, straight from your wallet on Robinhood Chain.