Pendle PT Markets on Aave See Rapid Growth and Cap Increases

**Lido stETH vaults are now live on Pendle**, combining liquid staking with DeFi yield strategies. Two new vault options launched: - **stRATEGY** (expires March 26, 2026) - **GGV** (expires March 26, 2026) Both vaults leverage Lido's liquid staking technology on protocols like Aave, curated by Mellow Protocol and Veda Labs respectively. **Pendle integration offers three yield opportunities:** - LP tokens for bonus ETH yield from swap fees and PENDLE rewards - Principal Tokens (PT) for fixed ETH yield - Yield Tokens (YT) for leveraged exposure to vault yield rates Users can access these strategies through the Pendle dApp with [stRATEGY](https://app.pendle.finance/trade/pools/0x5ac134a6fc834723ff5ba40cc644aed231af3185/zap/in?chain=ethereum) and [GGV](https://app.pendle.finance/trade/pools/0xaca598edc3b62f8c24adba7cd24f6d795dd4257f/zap/in?chain=ethereum) pools now available.

**Pendle introduces paid API plans** for developers needing higher rate limits. **Free tier unchanged:** - 100 CU per minute - 200k CU weekly quota **Paid plan details:** - $10/week = 500 CU/min + 1M CU/week - Multiple units can be purchased for scaling - Simple, scalable pricing structure **How to upgrade:** - Visit [API portal](https://api-v2.pendle.finance/dashboard/) - Check [documentation](https://docs.pendle.finance/pendle-v2/Developers/Backend/ApiOverview#api-pricing-plans) for details This update targets developers building applications requiring higher API throughput while keeping free access available for basic usage.

**Weekend markets are going institutional** as equity perpetuals prepare to become the go-to trading venue when traditional finance closes. As equity perps scale into a **multi-billion dollar market**, funding volatility emerges as the primary risk that needs management. **Key developments:** - Boros provides a dedicated market to trade and hedge funding rate exposure - Built by the Pendle team, enabling on-chain funding rate trading - Protocols can now fix their funding costs, similar to interest rate swaps in traditional finance **Why this matters:** - Protocols like Ethena rely on positive funding for stablecoin yields - Previously impossible to hedge funding rate exposure effectively - Creates new structured product opportunities for institutional players **Current limitations:** - 1.2x leverage cap initially - $10M open interest limit per market - Primarily designed for sophisticated traders and protocols This represents a significant step toward **tokenizing all forms of yield** in crypto, with potential expansion to more assets and exchanges ahead.

HyperEVM has demonstrated remarkable growth, accumulating over $300 million in Total Value Locked (TVL) within its first two weeks of operation. This rapid expansion has secured its position among the top 10 protocols on DeFiLlama. This achievement follows a broader trend in DeFi growth, as evidenced by Spark's earlier success reaching nearly $4 billion TVL with a 58.1% monthly growth rate. - HyperEVM: >$300M TVL in <2 weeks - Achieved top 10 ranking on DeFiLlama - Joins other fast-growing DeFi protocols *Data verified through [DeFiLlama](https://defillama.com/)*