Base

Pendle BTC Market Making (09/24/2025)

This pool facilitates yield trading on LBTC. In practice, this means you are facilitating swaps between a Principal Token (PT) and a wrapped version of the underlying asset (SY). Your yield is generated from swap fees paid by traders when an exchange happens, fixed yield from the PT exposure, underlying yield from SY, and PENDLE incentives.

0.6%

Yield

30d APY

Risk

APY

Last 90d

Yield0.6%

30d APY

Base

0.2%

Reward

0.4%

TVL

$1.5M

last 30d

Yield

0.6%

APY 30d

Earnings

<$0.1M

Last 30d

Protocol

Summary

Risk

Fundamentals

Risk of losing your entire investment due to systemic issues in the underlying chain, protocols, or assets

Yield Source

This pool serves as a yield-generating account for you to earn yield on your BTC, subject to market conditions

Your yield consists of trading fees from the buying and selling of LBTC yield tokens on the Base blockchain

Investment Strategy

This pool has been receiving protocol incentives to encourage more user deposits

Risk Details

Pool Fundamentals