Pendle · Ethereum

USD3 (For buying PT-USD3-17DEC2026)

Overview

The Pendle USD3 pool on Ethereum is a single-asset stablecoin position where users earn yield by holding PT-USD3-17DEC2026 tokens, which represent a claim on the underlying asset's future value. The protocol generates yield through interest-rate differentials and trading fees from liquidity provision activities. This pool stands as one of several venues for USD3 on Ethereum but is notable within its niche market.

Total APY is 6.21%, with no additional reward component. Trend data is not available for this pool, so the current rate cannot be compared to recent historical trends. The current APY sits slightly above the 30-day mean of 6.11%.

TVL stands at $49.5K and has shown stability based on its absolute size. Primary exposure here is depeg risk due to the single-asset stablecoin nature of the pool. Given that this is a yield-generating position, users are subject to fluctuations in the underlying asset's value leading up to December 2026.

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 11.88%; 30-day mean is 10.70%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 63% confidence based on historical patterns.

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