ETH: Pendle: Value Locked
Shown as its Apr–Jun 2024 sample; the latest readings and full history are included with Plus.
The US-dollar value locked in the active Pendle markets on Ethereum.
Why use it. Pendle splits yield-bearing tokens into a fixed part and a variable part; the value locked is how much money uses that market for fixed yields or to trade yield. How to read it. A rising line is more capital in Pendle's markets; drops are expiries and capital moving on.
Calculation. Each active market's SY and PT, valued in the asset and then in US dollars. Computed by CryptoKeyhole from its own Ethereum archive node: every Pendle market created by its Ethereum factories, each market's state and its SY token's exchange rate at the last block of every UTC day from January 2024 (the latest finalized block for the day still open). The implied yield is the market's own last implied rate, annualised; the underlying yield is the growth of the SY token's exchange rate over the last 30 days, annualised. Markets are weighted by value, in US dollars, for assets that are dollars, ether or bitcoin (ether and bitcoin at our own hourly close); markets in other assets count in the market total only. Markets on other networks are not read.