Pendle·Ethereum · Arbitrum
Pendle.
Yield trading — splits any yield-bearing asset into a fixed (PT) and variable (YT) leg. Surface what the market thinks vs what you forecast, then decide.
§ VI ·
sPENDLE
Read-only flywheel context. Staking + voting actions are in preparation (spec-12).
How the flywheel works
Pendle redistributes 80% of protocol fees to sPENDLE stakers on a bi-weekly cycle. Stakers also direct emissions to specific markets through voting — the "vote market" mechanic — which makes sPENDLE the governance + cashflow token in one.
Slice 1 surfaces the flywheel context only. Staking, voting, and claim actions require wallet connection and ship as part of spec-12.