Pendle announces key changes to its fee structure starting May 2025:
- vePENDLE yield will be distributed in stablecoins
- YT fees increasing from 3% to 5% (effective May 2nd, 2025 00:00 UTC)
- All fees will go to vePENDLE holders
These changes are expected to:
- Boost protocol revenue by ~30%
- Increase vePENDLE base APY by ~60%
Important: Users can still claim YT proceeds at 3% fee until May 2nd. The fee change supports long-term protocol sustainability with minimal user impact.
As the journey towards Boros' release nears, Pendle's fee structure is evolving to support a more robust and sustainable ecosystem: 1️⃣vePENDLE yield will be distributed in stables from May onwards. 2️⃣YT fees will increase from 3% to 5% from 2nd May 2025 00:00 UTC onwards. All
Introducing Boros by Pendle: Yield Trading with Margin Based on the ancient Greek word meaning “to eat”, Boros is Pendle’s newest platform. Developed from scratch in our conquest to consume every yield in the world, both onchain and offchain, starting with funding rates. Of
Pendle Evolves Beyond Interest Rate Market, Becomes Key Institutional Tool

Pendle has transformed from a simple interest rate market into a comprehensive yield management platform. Major institutions are now integrating Pendle into their core strategies: - **Amber Group** ($1T trading volume) uses it for treasury management - **Caladan** ($50B annual volume) leverages it for fixed yield products - **Fasanara Digital** ($4.5B AUM) utilizes it for structured products The platform enables institutions to: - Manage interest rate risk - Price and evaluate future yields - Navigate market volatility through hedging - Access both fixed and floating yields Pendle's Citadels initiative aims to expand institutional adoption further, offering deep liquidity and battle-tested infrastructure across BTC, ETH, and stablecoin derivatives.
fxSAVE Launches on Pendle: New Stablecoin Vault with Auto-Compounding Yields

f(x) Protocol V2 has launched fxSAVE, a Delta Neutral Stablecoin Vault now integrated with Pendle. The vault offers: - Auto-compounding yields from PERP trading commissions (~8.58% APY) - Fixed APY options through PT - Leveraged exposure opportunities - Additional LP fees and $PENDLE rewards The vault is now accessible on Pendle's platform, expanding the protocol's stablecoin offerings in response to market demand. [Trade fxSAVE on Pendle](https://app.pendle.finance/trade/pools/0x9bc2fb257e00468fe921635fe5a73271f385d0eb/zap/in?chain=ethereum)
Pendle Principal Tokens Moving Closer to Aave Integration

Pendle's Principal Tokens (PTs) are progressing toward integration with Aave, following a successful initial vote. The next phase requires final AIP confirmation. - First asset planned: Ethena PT-sUSDE-29MAY2025 - Integration will enable: * Fixed Yield Looping * Borrowing against PTs * Enhanced yield opportunities The proposal passed the first voting round on Snapshot, marking a significant step toward expanding Aave's supported assets. [View full proposal](https://snapshot.box/#/s:aavedao.eth/proposal/0xc039953e4f18804bb017876d27621da1ab3e4de53acd3b32d0f1fe94d4bbb6a0)