Pendle Sy product
Overview
Pendle Sy (Standardized Yield) is a token standard within the Pendle protocol that wraps yield-bearing assets (e.g., stETH, cDAI) into a unified ERC-20 token. It separates principal and future yield, enabling yield trading and fixed-rate lending. Sy tokens serve as the base building block for all Pendle yield tokenization.
Within the DeFi Intel graph, Pendle Sy connects to 1 tracked entity; it is part of Pendle Finance.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
part_of | Pendle Finance | 95% |
Frequently asked questions
What is Pendle Sy?
Pendle Sy (Standardized Yield) is a token standard within the Pendle protocol that wraps yield-bearing assets like stETH and cDAI into a unified ERC-20 token, separating principal and future yield to enable yield trading and fixed-rate lending.
What does Pendle Sy do?
Pendle Sy wraps yield-bearing assets into a unified ERC-20 token, separating principal and future yield to enable yield trading and fixed-rate lending.
What protocol uses Pendle Sy?
Pendle Sy is used by Pendle Finance, where it serves as the base building block for all Pendle yield tokenization.