Pendle — PT-apyUSD-11FEB2027 (fixed rate to 2027-02-11) on Ethereum
PT-apyUSD-11FEB2027 is the principal half of APYUSD split by Pendle: it trades below 1 APYUSD and redeems 1:1 at maturity on 2027-02-11. Buying it now locks in about 14.31% a year if held to maturity (DefiLlama, 2026-11-11; $3.4M in the market). Selling before maturity happens at the market price, which can be lower. The rate is fixed, the underlying is not: if APYUSD itself loses value, so does the PT. Smart-contract risk applies (Pendle and the underlying protocol).
No KYC on secondary market · self-custody
Swap a stablecoin for the PT on Pendle (pendle.finance) from a self-custody wallet
Who may buy is set by the issuer — check their terms.
Price or minimum: check with the provider
Our source lists what DL-PENDLEV2-APYUSD-ETHEREUM-2B92 is, and where it is held (Ethereum) — but states no price or minimum for it. Left empty here rather than estimated.
Key facts
- Yield / return
- 14.31% (fixed to 2027-02-11, DefiLlama 2026-11-11)
- Liquidity
- Sell on Pendle’s market before maturity, or redeem 1:1 at maturity
- Custody
- Self-custody (smart contract)
- KYC
- None on-chain (the PT is a freely transferable ERC-20)
- Figures verified
- 2026-11-11
Details
- Issuer
- Pendle (protocol)
- Type
- Pendle principal token (fixed rate)
- Category
- DeFi Lending
- Pillar
- Fixed Income
- Yield source
- Discount to face value — the yield APYUSD earns until maturity, sold upfront
- Network
- Ethereum
- Jurisdiction
- Decentralized protocol
- AUM
- $3.4M
Questions about DL-PENDLEV2-APYUSD-ETHEREUM-2B92 and DeFi Lending
- Where can I lock in a fixed yield on-chain — and until when?
- Which tokenized assets can an AI agent buy on its own, without KYC — and which pays the most?
- What is the best stablecoin yield on Ethereum right now?
- What interest can I earn by lending stablecoins on Aave, Morpho or Spark right now?
- syrupUSDC or lending USDC on Aave — is Maple’s higher yield worth the extra risk?
Buying DL-PENDLEV2-APYUSD-ETHEREUM-2B92: common questions
How do I buy DL-PENDLEV2-APYUSD-ETHEREUM-2B92?
Swap a stablecoin for the PT on Pendle (pendle.finance) from a self-custody wallet. The token runs on Ethereum.
Do I need KYC to buy DL-PENDLEV2-APYUSD-ETHEREUM-2B92?
Not on the secondary market: DL-PENDLEV2-APYUSD-ETHEREUM-2B92 can be bought on a DEX without identity verification.
More from Pendle (protocol)
20 instruments from this issuer are listed on TokenBank.
Other DeFi Lending from other issuers
686 more in this category, from other issuers.
Figures last verified against a live source on 2026-11-11. Yields are variable and not guaranteed. Not investment advice. © 2026 TokenBank — operated by NumericalsAI Inc. · JSON