Pendle
Yield tokenization protocol. Lock in fixed USDC yields or speculate on future interest rates.
Using USDC on Pendle
Pendle is a DeFi protocol that lets you tokenize and trade future yield. For USDC, this means you can lock in a fixed interest rate (useful if you think rates will drop) or speculate on whether USDC lending rates will go up or down. Pendle splits yield-bearing USDC positions into a principal token (PT) and a yield token (YT). Buying PT at a discount lets you lock in a guaranteed fixed rate. Buying YT lets you bet on future yield. Pendle is deployed on Ethereum, Arbitrum, and other chains. It's more complex than simple lending but offers unique yield strategies not available elsewhere in DeFi.
Supported networks
Key features
- Fixed-rate USDC yields
- Yield tokenization
- Trade future interest rates
- Unique yield strategies
- Growing TVL
Other defi
Aave
The largest DeFi lending protocol. Deposit USDC to earn interest or use it as collateral to borrow.
Lending ProtocolCompound
Pioneer of DeFi lending. Simple, battle-tested protocol for earning interest on USDC.
Lending ProtocolMorpho
Lending optimizer that often offers better USDC rates than Aave or Compound by matching lenders directly with borrowers.
Ready to get started with USDC?
Check out our guides or explore more of the USDC ecosystem.