Pendle announced on X that it has launched on Robinhood Chain, bringing a native fixed-income and yield trading layer to the chain's DeFi ecosystem. The first market is sNET (maturity September 17, 2026), with more markets to follow. Users on Robinhood Chain can now lock in fixed yields, trade leveraged exposure to token yields, or earn fees and rewards by providing liquidity. sNET is the staking receipt for NET, the token of NetNet Capital, a reserve-backed DeFi protocol on Robinhood Chain modeled after OlympusDAO v1. NET is backed by USDG reserves in the treasury, and staking NET yields sNET, which automatically rebases every 8 hours, increasing its supply. This launch allows Pendle users to engage with Robinhood Chain's yield markets.
Pendle is now live on Robinhood Chain, adding a native fixed-income and yield-trading layer to the chain's DeFi market. The first market is sNET, with a maturity date of September 17, 2026, and more markets are expected later. So now, Robinhood Chain users can lock in fixed yields, trade leveraged exposure to token yields, or provide liquidity through Pendle to earn fees and rewards.
sNET and NetNet Capital
sNET is the staking receipt for NET, the token tied to NetNet Capital. NetNet Capital is a reserve-backed DeFi protocol on Robinhood Chain, built on the OlympusDAO v1 model. NET is backed by USDG reserves held in the treasury. And when users stake NET, they get sNET, a rebasing token that increases its supply automatically every 8 hours.
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