Pendle — PT-USDat-14JAN2027 (fixed rate to 2027-01-14) on Ethereum
Peers · Pendle principal token (fixed rate)
| TICKER | ISSUER | YIELD | vs SAV | RISK | MIN |
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Description
ISSUER DOCSPT-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).
Buying · Q&A
2 QUESTIONSHow 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.
Where to trade
SECONDARY MARKETNo market data for DL-PENDLEV2-USDAT-ETHEREUM-C359 yet — buy through the issuer below.
Issuer · primary market
SUBSCRIBE / REDEEMSwap 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. Not investment advice.
Key facts
VERIFIED 2026-10-19- Yield / return
- 8.06% (fixed to 2027-01-14, 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 USDAT earns until maturity, sold upfront
- Network
- Ethereum
- Jurisdiction
- Decentralized protocol
- AUM
- $2.3M
Questions
ANSWERS- 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?