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DL-PENDLEV2-USD3-ETHEREUM-B649

Pendle — PT-USD3-17DEC2026 (fixed rate to 2026-12-17) on Ethereum

Pendle principal token (fixed rate)Pendle (protocol)Ethereum
YIELD
15.14%
vs SAVINGS
+1314bp
RISK
NOT RATED
RANK IN TYPE
0/0
VENUES
—

Peers · Pendle principal token (fixed rate)

TICKERISSUERYIELDvs SAVRISKMIN

Description

ISSUER DOCS

PT-USD3-17DEC2026 is the principal half of USD3 split by Pendle: it trades below 1 USD3 and redeems 1:1 at maturity on 2026-12-17. Buying it now locks in about 15.14% a year if held to maturity (DefiLlama, 2026-10-19; $7.2M in the market). Selling before maturity happens at the market price, which can be lower. The rate is fixed, the underlying is not: if USD3 itself loses value, so does the PT. Smart-contract risk applies (Pendle and the underlying protocol).

Buying · Q&A

2 QUESTIONS
How do I buy DL-PENDLEV2-USD3-ETHEREUM-B649?+

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-USD3-ETHEREUM-B649?+

Not on the secondary market: DL-PENDLEV2-USD3-ETHEREUM-B649 can be bought on a DEX without identity verification.

Where to trade

SECONDARY MARKET

No market data for DL-PENDLEV2-USD3-ETHEREUM-B649 yet — buy through the issuer below.

Issuer · primary market

SUBSCRIBE / REDEEM
Pendle (protocol)

Swap a stablecoin for the PT on Pendle (pendle.finance) from a self-custody wallet

MIN
None
KYC
None on-chain (the PT is a freely transferable ERC-20)
CUSTODY
Self-custody (smart contract)
GO TO PENDLE↗

Who may buy is set by the issuer — check their terms. Not investment advice.

Key facts

VERIFIED 2026-10-19
Yield / return
15.14% (fixed to 2026-12-17, DefiLlama 2026-10-19)
Risk
Not rated (imported)
Minimum
None
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)
Verified
2026-10-19

Details

Issuer
Pendle (protocol)
Type
Pendle principal token (fixed rate)
Category
DeFi Lending
Yield source
Discount to face value — the yield USD3 earns until maturity, sold upfront
Network
Ethereum
Jurisdiction
Decentralized protocol
AUM
$7.2M

Questions

ANSWERS

Spread to savings

BP