Pendle said on X that it has launched PendleLoop, a new one-stop tool that combines leveraged trading and yield looping in a single product. According to the post, users can take leveraged long or short positions on any token supported by the tool, including tokenized stocks. Pendle also said the product can loop yield-bearing assets, covering both Pendle PT and assets outside the Pendle ecosystem such as sUSDe, wstETH and sUSDS. At launch, the supported lineup includes BTC, ETH and the Mag 7 tokenized stocks on Base: GOOGL, AMZN, AAPL, META, MSFT, NVDA and TSLA. Pendle added that support will continue to expand. The announcement was made in a post linked in the source material.
Pendle said in a post on X that it has launched PendleLoop, a one-stop tool for leveraged trading and yield looping.
PendleLoop combines leveraged long-short trading with yield looping
According to Pendle, the tool supports leveraged long and short trades on any token available through the product, including tokenized stocks. It also allows users to loop yield-bearing assets, covering Pendle PT as well as non-Pendle assets such as sUSDe, wstETH and sUSDS.
BTC, ETH and Base-based Mag 7 tokenized stocks are already supported
Pendle said PendleLoop currently supports BTC, ETH and the Mag 7 tokenized stocks on Base: GOOGL, AMZN, AAPL, META, MSFT, NVDA and TSLA. The company said support will continue to expand.
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