Yield Trading Protocol Pendle Launches 4 Fixed-Term Markets for USDe

On November 10, according to The Defiant, yield trading protocol Pendle launched four fixed-term markets for Ethena USDe on Ethereum, maturing in February, May, August, and November 2027, respectively.

Citing Pendle market data, the report noted initial implied annualized yields of 5.24%, 5.50%, 5.75%, and 6.00% across the four markets, with each pool containing approximately $10,000 in liquidity. Users can buy principal tokens at a discount and redeem USDe at a 1:1 ratio upon maturity. Early exits require selling at current market prices, and realized returns may differ from those if held to maturity.