Pendle Markets

Description

Pendle Protocol is a decentralized finance (DeFi) platform that allows users to trade the future yield of tokenized assets. By splitting yield-bearing tokens into principal and yield components, Pendle enables more flexible yield management strategies. This opens up opportunities for users to hedge, speculate, or lock in fixed yields, which isn’t typically possible in traditional DeFi staking. The protocol operates on Ethereum and other blockchain networks, leveraging smart contracts to ensure secure and efficient transactions.

Pendle Markets metrics:

• pendle_total_markets_tvl - Total USD value locked across all Pendle markets for the selected asset
• pendle_underlying_apy - Annual percentage yield (APY) of the underlying asset
• pendle_implied_apy - Average implied yields of all markets for a selected asset, weighted by expiry date
• pendle_yield_spread - Difference between the implied APY and the underlying APY

Access

Restricted Access

Measuring Unit

• pendle_total_markets_tvl- Amount in USD
• pendle_underlying_apy, pendle_implied_apy and pendle_yield_spread - Percentage

Data Type

Timeseries Data

Frequency

Daily Intervals

Latency

On-Chain Latency

Available Assets

Available for ethena-staked-usde

SanAPI

Pendle total markets TVL metric: pendle_total_markets_tvl

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{
  getMetric(metric: "pendle_total_markets_tvl"){
    timeseriesData(
      slug: "ethena-staked-usde"
      from: "2025-01-01T00:00:00Z"
      to: "2025-01-10T00:00:00Z"
      interval: "1d"){
        datetime
        value
      }
  }
}

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APY metrics: pendle_underlying_apy and pendle_implied_apy

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{
  getMetric(metric: "pendle_implied_apy"){
    timeseriesData(
      slug: "ethena-staked-usde"
      from: "2025-01-01T00:00:00Z"
      to: "2025-01-10T00:00:00Z"
      interval: "1d"){
        datetime
        value
      }
  }
}

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Yield spread metric: pendle_yield_spread

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{
  getMetric(metric: "pendle_yield_spread"){
    timeseriesData(
      slug: "ethena-staked-usde"
      from: "2025-01-01T00:00:00Z"
      to: "2025-01-10T00:00:00Z"
      interval: "1d"){
        datetime
        value
      }
  }
}

Run in Explorer