Pendle said it has changed the fee structure for PT principal token looping trades to an automatically adjusted model. Under the update, the fee is set at about 10% of the looping trade’s annualized yield, with a ceiling of 10 basis points, or 0.1%. The protocol also said the fee will decline as the maturity date gets closer. For looping trades with lower annualized yields, the resulting charge will also come in below the previous level. The change was disclosed in a post cited by Odaily, which reported the update as a 7x24 newsflash on Sept. 21, 2026. No additional details were provided in the brief.
Pendle has moved the fee for PT principal token looping trades to an automatic adjustment model, according to Odaily.
Under the new setup, the fee is about 10% of the looping trade’s annualized yield, capped at 10 basis points, or 0.1%. Pendle said the fee will fall as the maturity date approaches. It also said looping trades with lower annualized yields will face lower fees than before.
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