Pendle launches USDe fixed-term markets, offering four terms ranging from 3 to 12 months.
20 minutes ago
According to official announcements, the fixed-term USDe market co-launched by Pendle and Ethena has gone live on Ethereum. It offers four tenors: 3-month, 6-month, 9-month, and 12-month, with maturities in February 2027, May 2027, August 2027, and November 2027 respectively. The market operates similarly to discount notes: users purchase PT-USDe at a price below face value, which can be redeemed 1:1 for USDe upon maturity, locking in the yield until expiration. For early exits, users can still sell PT-USDe on the Pendle market.
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