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 announced in a post on X that Aave V4 has added support for PT Looping on Pendle. Users can now take part in the PT-USDG loop lending strategy from Global Dollar Network. Pendle also said that Aave V4 prices interest based on full-hub utilization, so the looping operation does not push up its own rate.