Pendle makes PT looping fees dynamic, capped at 10bps

September 21, 2026

Pendle has changed how it charges fees on its one-click PT Looping flows: fees are now dynamic and auto-adjusted to ~10% of your loop APY, capped at 10bps. The change means fees scale down as a position gets closer to maturity, and lower-APY loops pay a much smaller fee than before.

Short-dated and lower-APY loops now cost less, improving net profitability.
The capped, APY-linked structure replaces the previous flat fee model; no mechanics of the loops themselves changed.

Sources

We've adjusted PT looping fees to be dynamic, auto-adjusted to ~10% of your loop APY, capped at 10bps. This means fees scale down closer to maturity, and lower APY loops pay a much smaller fee than before. TL;DR less fees for short-dated & lower APY loops, more profitable https://t.co/aBawYx4bqwx.com ↗

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.

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Pendle makes PT looping fees dynamic, capped at 10bps — Outposts