Pendle has gone live on X Layer, debuting a USDG yield market that lets users and institutions earn returns on the network. Through PT-USDG, they can lock in fixed yields; through YT-USDG, they can trade expectations around future yield levels. LPs earn trading fees plus incentives. To seed early participation, Pendle will provide $20,000 in incentives to Pendle LPs on X Layer during the first month. Using PT-USDG as collateral on Aave adds an extra APY boost. The yield market is also set to be integrated into OKX Earn.
Pendle has gone live on X Layer, opening a USDG yield market for users and institutions on the network.
Three routes are available. PT-USDG locks in a fixed yield. YT-USDG lets traders express a view on where yields go next. LPs earn fees and incentives from the pool.
Pendle is offering $20,000 in first-month incentives for Pendle LPs on X Layer. Users who post PT-USDG as collateral on Aave get an extra APY lift.
The yield market is set to connect to OKX Earn.
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