Pendle has listed Coinbase Tokenized Stocks (cStocks) — $GOOGLc (maturity 24 Dec 2026) and $NVDAc (maturity 7 Jan 2027) — as tradable yield markets on Base, announced as "two of the most valuable stocks in the world" arriving on the platform. Pendle noted these are the first cStocks it supports on Base, with more coming, and that "the bigger opportunity is what gets built on top" — pointing to positions like PT-NVDAc as fixed-yield exposure to tokenized equity, a natural fit for Aave and other Pendle ecosystem partners. The launch was amplified by Base's official account and further promoted via Pendle's official X feed. Pendle separately flagged that the Coinbase tokenized stocks are available only in eligible jurisdictions outside the US.
LPs providing liquidity to the new pools earn swap fees, $PENDLE incentives, and $20K in USDC rewards per pool, with the USDC rewards claimable on @merkl_xyz.
The standard PT/YT split extends Pendle's RWA stack into Coinbase's tokenized equities, following Superform's tokenized NVIDIA and Ondo's FLHYon.
Pendle
Pendle Earn enables you to obtain fixed yield or provide liquidity in a simple interface. Pendle Earn and Trade runs on the same set of contracts with a separate user interface to cater to different audiences.