Pendle — PT-kHYPE-25MAR2027 (fixed rate to 2027-03-25) on Hyperliquid L1

Pendle principal token (fixed rate)Pendle (protocol)Hyperliquid L1

YIELD

1.81%

vs SAVINGS

-19bp

RISK

NOT RATED

RANK IN TYPE

0/0

VENUES

—

Peers · Pendle principal token (fixed rate)

TICKER	ISSUER	YIELD	vs SAV	RISK	MIN

Description

ISSUER DOCS

PT-kHYPE-25MAR2027 is the principal half of KHYPE split by Pendle: it trades below 1 KHYPE and redeems 1:1 at maturity on 2027-03-25. Buying it now locks in about 1.81% a year if held to maturity (DefiLlama, 2026-11-12; $2.3M in the market). Selling before maturity happens at the market price, which can be lower. The rate is fixed, the underlying is not: if KHYPE itself loses value, so does the PT. Smart-contract risk applies (Pendle and the underlying protocol).

Buying · Q&A

2 QUESTIONS

How do I buy DL-PENDLEV2-KHYPE-HYPERLIQUIDL1-579C?+

Swap a stablecoin for the PT on Pendle (pendle.finance) from a self-custody wallet. The token runs on Hyperliquid L1.

Do I need KYC to buy DL-PENDLEV2-KHYPE-HYPERLIQUIDL1-579C?+

Not on the secondary market: DL-PENDLEV2-KHYPE-HYPERLIQUIDL1-579C can be bought on a DEX without identity verification.

Where to trade

SECONDARY MARKET

No market data for DL-PENDLEV2-KHYPE-HYPERLIQUIDL1-579C yet — buy through the issuer below.

Issuer · primary market

SUBSCRIBE / REDEEM

Pendle (protocol)

Swap a stablecoin for the PT on Pendle (pendle.finance) from a self-custody wallet

MIN

None

KYC

None on-chain (the PT is a freely transferable ERC-20)

CUSTODY

Self-custody (smart contract)

GO TO PENDLE↗

Who may buy is set by the issuer — check their terms. Not investment advice.

Key facts

VERIFIED 2026-11-12

Yield / return: 1.81% (fixed to 2027-03-25, DefiLlama 2026-11-12)
Risk: Not rated (imported)
Minimum: None
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)
Verified: 2026-11-12

Details

Issuer: Pendle (protocol)
Type: Pendle principal token (fixed rate)
Category: DeFi Lending
Yield source: Discount to face value — the yield KHYPE earns until maturity, sold upfront
Network: Hyperliquid L1
Jurisdiction: Decentralized protocol
AUM: $2.3M

Questions

ANSWERS