Pendle launches STRCx (Nov 2026) with new yield model
Pendle listed STRCx (26 Nov 2026) by @xStocksFi (Kraken's xStocks), a discrete-yield tokenized asset. The launch introduces a renewed yield distribution model meant to fix how discrete-yield payouts were split across holders.
- Old model: yield accrued off-chain over a month and was paid in one distribution, so anyone holding YT/SY at payout time collected the full month's yield regardless of how briefly they held it.
- New model: payouts are weighted by how much YT/LP you hold and for how long; you must still hold at distribution to qualify, and positions exited beforehand earn no yield.
- Going forward this applies to all new discrete assets, with STRCx (Nov 2026) as the first: YT payout scales with holding time/value, monthly extraction is eliminated for LP on discrete-yield assets, and PT stays fixed.
The pool is not available to US persons; geographical restrictions apply per Kraken's xStocks risk disclosure.
Sources
- Note: Not available in the US or to US persons. Geo restrictions apply. Read more at Kraken's xStocks Risk Disclosure: https://t.co/hT2Up7QbAg STRCx (Nov 2026), now live: https://t.co/NNIIrRwjMT https://t.co/GvhdAoEmWo Replying to their earlier post: This would apply to all new discrete assets moving forward, with STRCx (Nov 2026) being the first. What this means: ⁙ YT - Yield payout will be as per your time and value of holdings ⁙ LP - Monthly…x.com ↗
- This would apply to all new discrete assets moving forward, with STRCx (Nov 2026) being the first. What this means: ⁙ YT - Yield payout will be as per your time and value of holdings ⁙ LP - Monthly extraction is eliminated for discrete-yield assets ⁙ PT - Unchanged, fixed Replying to their earlier post: The New Model: Yield payouts are now weighted by how much YT/LP you hold, and for how long. To be eligible, you must hold YT/LP when the distribution lands. Positions exited before then earn no yie…x.com ↗
- The New Model: Yield payouts are now weighted by how much YT/LP you hold, and for how long. To be eligible, you must hold YT/LP when the distribution lands. Positions exited before then earn no yield, regardless of prior holding duration. https://t.co/gIRL4YpsOc Replying to their earlier post: The Old Model: STRCx yield is accrued off-chain over a month, and then paid out in a single distribution. This meant that whoever happened to hold YT/SY at the moment of distribution collected the e…x.com ↗
- The Old Model: STRCx yield is accrued off-chain over a month, and then paid out in a single distribution. This meant that whoever happened to hold YT/SY at the moment of distribution collected the entire month's yield Whether they held it for 5 minutes, or the whole month… Replying to their earlier post: STRCx (26 Nov 2026 maturity) by @xStocksFi is now live. With renewed mechanics that ensures fair and proper distribution of yield 👇 https://t.co/MplatAQfFPx.com ↗
- STRCx (26 Nov 2026 maturity) by @xStocksFi is now live. With renewed mechanics that ensures fair and proper distribution of yield 👇 https://t.co/MplatAQfFPx.com ↗
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