[PRESS RELEASE – Singapore, Singapore, January 20th, 2026]
Pendle, the world’s largest crypto yield trading platform, has announced an upgrade to its native token, introducing sPENDLE. The update is intended to unlock deeper liquidity, diversify revenue streams, and strengthen Pendle’s position within the on-chain yield and rates segment. Supported by recent performance metrics from Pendle and Boros, the upgrade underscores the platform’s long term goals in decentralized finance (DeFi) and broadens related markets.
Record 2025 Performance and Protocol Dominance
In 2025, Pendle achieved major milestones across key network and financial metrics, illustrating both robust usage and sustained market capture in yield trading:
The data reflects Pendle’s position as a notable venue for tokenized yield and funding rates trading, with reported realized fees and liquidity depth exceeding those of several comparable platforms within the fixed income space.
Pendle’s New Token Enhancements
The upgraded Pendle token introduces a comprehensive solution to for simplicity and fair distribution across its ecosystem:
Boros: New Frontier in Onchain Rates Trading
Additional catalyst for Pendle’s upgraded token architecture is Boros, a first-of-its-kind onchain venue that tokenizes perpetual funding rates, transforming an untradable yield stream into a tradable instrument. Boros metrics highlight rapid organic adoption and material growth potential:
By addressing one of the largest untapped yield sources in DeFi which is funding rates exposure, Boros further strengthens Pendle’s growth vector, helping diversify revenue beyond TVL and traditional yield fees.
Strategic Vision: From DeFi Yield to Global Fixed Income Infrastructure
Pendle’s token upgrade is intended to support the protocol’s infrastructure for scaling the yield layer of decentralized finance (DeFi) in relation to both centralized and traditional financial markets. Fixed income remains one of the largest segments in global finance, and Pendle has developed a range of tools—from principal and yield tokens to funding rate derivatives—aimed at facilitating access to this area. The protocol continues to broaden its integrations, including leverage strategies, AI applications, collateralized PT usage, and cross-chain liquidity mechanisms.
About Pendle
Pendle is the world’s largest crypto yield trading platform empowering the tokenization and trading of yield-bearing assets. Pendle unlocks sophisticated yield strategies for retail and institutional participants alike redefining the future of onchain fixed income.
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