Pendle · Base

APXUSD (For buying PT-apxUSD-05NOV2026)

Overview

The Pendle APXUSD pool on Base is a single-asset stablecoin position where users earn yield by holding PT-apxUSD-05NOV2026 tokens, which represent a claim on future apxUSD value. The protocol generates yield through the interest-rate spread between borrowing and lending rates for the underlying asset. This pool stands as one of several venues for APXUSD on Base, catering to users seeking exposure to this particular token.

The total APY is 12.43%, with no separate reward component. Trend data is not available for this pool. The current rate sits below the 30-day mean of 13.07%. This suggests a slight yield compression over the past month, though precise trend information is lacking.

TVL stands at $231K and has shown stability given its size. Primary exposure here is depeg risk on the underlying stablecoin asset. The pool's liquidity depth supports this type of single-asset stablecoin position, which helps mitigate some risks associated with smaller pools.

Composed 2026-05-22 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 7.24%; 30-day mean is 9.76%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 58% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.