Yield-trading protocol Pendle Finance expands to Arbitrum

Quick Take

  • Pendle Finance expanded to Ethereum Layer 2 network Arbitrum.
  • The protocol splits up yield-bearing assets into the asset and the yield.

Pendle Finance expanded to Arbitrum, providing a cheaper way to access its yield management services.

Pendle splits up yield-bearing assets such as staked ether into their two components: the underlying token value and the yield. This makes it possible for traders to buy the asset without the yield and vice versa. 

“By enabling yield tokenization, Pendle helps to unlock more utility for other ecosystems,” said Pendle CEO TN Lee, in a statement.

In the last few months, Pendle has partnered with protocols including Aura Finance, Balancer, Lido and RocketPool to add support for their assets. It has now partnered with decentralized exchange GMX, which runs on the Arbitrum network, to support its native asset.


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Currently the protocol supports four staked ether tokens, Yuga Labs’s apecoin, the stablecoin USDC (via Convex Finance) and LOOKS, the native token of the NFT marketplace LooksRare.

Until now, the protocol had only been available on Ethereum, where it faced higher fees, and Avalanche, which is an Ethereum-compatible blockchain.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Tim is the Editor-In-Chief of The Block. Prior to joining The Block, Tim was a news editor at Decrypt. He has earned a bachelor's degree in philosophy from the University of York and studied news journalism at Press Association Training. Follow him on X @Timccopeland.


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