Pendle's USDe Fixed-Term Markets go live on Ethereum
Pendle's USDe Fixed-Term Markets are up and running on Ethereum, with up to $50M of PT-USDe available per maturity at indicative fixed APYs up to 6%. The live markets span Feb, May, Aug and Nov 2027 terms, confirmed on Pendle's X feed with direct market links.
The design lets holders lock fixed-rate terms on Ethena's USDe, structured like a discount note bought below par that redeems 1:1 for USDe at maturity — extending Pendle's fixed-vs-variable yield mechanics to set-maturity USDe terms.
- Ethena flagged the new PT-USDe maturities on its own account, noting the fixed-duration markets ship with zero Ethena token incentives and that Ethena receives 50% of all fees generated via the markets.
- The first Ethena discount note post from Pendle noted up to $50M of PT-USDe per maturity at the indicative rates, up to 6%.
Sources
- Pendle USDe Fixed-Term Markets, now live on Pendle 👇 USDe Feb 2027: https://t.co/wMmV6tfcMB USDe May 2027: https://t.co/CcAWx5DUau USDe Aug 2027: https://t.co/eIGs0ym57t USDe Nov 2027: https://t.co/5IJFieeT1w https://t.co/FbUPeNmJFy Replying to their earlier post: The @Ethena discount note markets are up and running 🔥 You can now buy up to $50M of PT-USDe for each of these maturities at their indicative Fixed APY, up to 6% Enjoy. https://t.co/3HwCsdmd2K http…x.com ↗
- The @Ethena discount note markets are up and running 🔥 You can now buy up to $50M of PT-USDe for each of these maturities at their indicative Fixed APY, up to 6% Enjoy. https://t.co/3HwCsdmd2K https://t.co/txoYKftCFSx.com ↗
- RT @pendle_fi: Introducing Pendle USDe Fixed-Term Markets, a new market design by Pendle that lets users lock in fixed-rate terms, similar…x.com ↗
- RT @scottmelker: PENDLE $PENDLE LAUNCHES FIXED-TERM MARKETS FOR ETHENA $ENA STABLECOIN USDE, WITH 3, 6, 9 AND 12-MONTH MATURITIES LIVE ON E…x.com ↗
- RT @DefiantNews: PENDLE LISTS FOUR MARKETS TO FIX $USDe RETURNS @pendle_fi’s 2027 terms initially quoted 5.24%–6.00% annualized yields. Ea…x.com ↗
- RT @ethena: New Pendle PT-USDe maturities are live: fixed duration markets for USDe. Pendle has added a number of new markets for USDe acr…x.com ↗
- Introducing Pendle USDe Fixed-Term Markets, a new market design by Pendle that lets users lock in fixed-rate terms, similar to a discount note bought below par and redeems 1:1 for USDe at maturity 3, 6, 9 and 12-months maturities are now live on Ethereum via Pendle, granting https://t.co/FDMs2Gbw4Kx.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.
