Fixed Yield

What is Fixed Yield?

Fixed Yield means you earn a guaranteed return on your crypto by locking it in for a set time — just like a savings bond or fixed deposit in traditional finance.

How It Works

With Pendle, this is done through something called PT tokens (Principal Tokens). Here’s how it works in a nutshell:

• You deposit a token (like ETH or USDC) into Pendle.

• It gets split into two parts:

  • PT – the principal (this is what you’ll get back later)

  • YT – the yield (this is traded separately)

• You buy the PT token at a discount, and when the time is up, you redeem it for full value — locking in your return.

Example in action: Let’s say you buy PT-USDC that matures in 6 months. You pay $970 for it today, and when it matures, you get $1,000 USDC back. That’s a fixed yield of 3%, no matter what happens in the market.

Why people love Fixed Yield

• Predictable income — Know exactly how much you’ll earn

• No exposure to yield volatility — You don’t chase moving APYs

• Passive & low-maintenance — Set it and forget it

What are the Risks?

Even though it’s fixed yield, there are still a few things to be aware of:

• Protocol risk — Pendle uses smart contracts (we only suggest vetted, high-safety strategies from Rivo)

• Maturity lock — Your funds are locked until the date — no early exit unless you sell on secondary markets

• Market discount risk — If PT price drops (due to low demand), your position may show temporary loss before maturity