Pendle is now live on Monad

Pendle, the world's largest crypto yield trading platform, is now live on Monad.

The launch opens with two pools built on AUSD, Agora's institutional stablecoin, which is fully backed by reserves of cash, overnight repurchase and reverse repurchase agreements, and short-term US Treasury bills managed by VanEck. The first pool uses AUSD directly. The second uses earnAUSD, the AUSD vault on Upshift that allocates the stablecoin across DeFi strategies including lending optimization and basis trades. Both bring institutional-grade dollar reserves into a tradable onchain instrument.

For each pool, holders can take a Principal Token for a fixed return held to maturity, a Yield Token to access and manage future exposure, or an LP position that balances both with no impermanent loss when held to maturity. These are composable across the Monad economy, so an institutional-grade stablecoin can move into lending markets, collateral, and structured strategies rather than sitting idle.

Money moves on Monad.