What is Pendle?

Pendle is a DeFi protocol that transforms yield tokens into a tradable, composable asset class.

Pendle enables users to tokenize yield-bearing tokens by wrapping existing liquid staking tokens (LSTs) into Standard Yield tokens (SYs) which are separated into two components: the Principal Token (PT), representing more speculative yield, and the Yield Token (YT), representing fixed yield.

This design provides more choice for user strategies: users can lock in fixed yields by selling YT, speculate on variable yield by holding or leveraging PT, or compound positions through Pendle’s custom AMM.

Over time, Pendle has evolved into a yield infrastructure layer underpinning much of DeFi’s interest-rate and liquid staking ecosystem. Built across Ethereum, Arbitrum, and other major chains, Pendle supports an expanding range of yield-bearing assets and has become a leading protocol for traders, DAOs, and funds seeking to manage, hedge, or amplify on-chain yield exposure.

How does LI.FI support Pendle?

Pendle’s Token Bridge

Pendle’s Token Bridge is powered by LI.FI Select any token on any chains and get the tokens you want to deposit into Pendle.

23 Bridges.

18 Exchanges.

60+ Chains.

One powerful bridge to transfer tokens via any of them, on Pendle.

Get the best token transfer experience on all of your deposits only on Pendle’s Token Bridge and PendleSwap.

One-Click Deposits with GlueX

GlueX is a cross-chain DeFi protocol that unifies access to swaps, lending, staking, and liquidity across multiple blockchains. It simplifies the developer and user experience by providing a single API layer and routing engine that abstracts away the complexities of different chains, wallets, and liquidity sources. Through its aggregation and execution infrastructure, GlueX delivers optimal rates, deep liquidity, and secure transactions, enabling seamless multi-chain financial activity for both retail users and institutional partners.

LI.FI’s integration with GlueX means that user deposits into Pendle’s Principle Tokens (PT) or Yield Tokens (YT) are simple — just click, from any token, on any chain.

With the coverage LI.FI provides to support Pendle, users can deposit into the strategies they want quickly, cheaply, and easily than before — without having to worry about how to get there. Managing yield strategies can be hard, and Pendle simplifies that experience once you get there, but with so many tokens popping up in rising ecosystems, getting there is far more seamless.