Pendle — PT-USDat-14JAN2027 (fixed rate to 2027-01-14) on Ethereum
PT-USDat-14JAN2027 is the principal half of USDAT split by Pendle: it trades below 1 USDAT and redeems 1:1 at maturity on 2027-01-14. Buying it now locks in about 8.06% a year if held to maturity (DefiLlama, 2026-10-19; $2.3M in the market). Selling before maturity happens at the market price, which can be lower. The rate is fixed, the underlying is not: if USDAT itself loses value, so does the PT. Smart-contract risk applies (Pendle and the underlying protocol).
No KYC on secondary market · self-custody
Swap a stablecoin for the PT on Pendle (pendle.finance) from a self-custody wallet
Who may buy is set by the issuer — check their terms.
Price or minimum: check with the provider
Our source lists what DL-PENDLEV2-USDAT-ETHEREUM-C359 is, and where it is held (Ethereum) — but states no price or minimum for it. Left empty here rather than estimated.
Key facts
- Yield / return
- 8.06% (fixed to 2027-01-14, DefiLlama 2026-10-19)
- Liquidity
- Sell on Pendle’s market before maturity, or redeem 1:1 at maturity
- Custody
- Self-custody (smart contract)
- KYC
- None on-chain (the PT is a freely transferable ERC-20)
- Figures verified
- 2026-10-19
Details
- Issuer
- Pendle (protocol)
- Type
- Pendle principal token (fixed rate)
- Category
- DeFi Lending
- Pillar
- Fixed Income
- Yield source
- Discount to face value — the yield USDAT earns until maturity, sold upfront
- Network
- Ethereum
- Jurisdiction
- Decentralized protocol
- AUM
- $2.3M
Questions about DL-PENDLEV2-USDAT-ETHEREUM-C359 and DeFi Lending
- Where can I lock in a fixed yield on-chain — and until when?
- Which tokenized bonds and fixed-rate tokens mature in the next 90 days?
- Which tokenized assets can an AI agent buy on its own, without KYC — and which pays the most?
- What is the best stablecoin yield on Ethereum right now?
- What interest can I earn by lending stablecoins on Aave, Morpho or Spark right now?
Buying DL-PENDLEV2-USDAT-ETHEREUM-C359: common questions
How do I buy DL-PENDLEV2-USDAT-ETHEREUM-C359?
Swap a stablecoin for the PT on Pendle (pendle.finance) from a self-custody wallet. The token runs on Ethereum.
Do I need KYC to buy DL-PENDLEV2-USDAT-ETHEREUM-C359?
Not on the secondary market: DL-PENDLEV2-USDAT-ETHEREUM-C359 can be bought on a DEX without identity verification.
More from Pendle (protocol)
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Other DeFi Lending from other issuers
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Figures last verified against a live source on 2026-10-19. Yields are variable and not guaranteed. Not investment advice. © 2026 TokenBank — operated by NumericalsAI Inc. · JSON