Compare Pendle and USDT0 on TVL, fees, revenue and activity to understand how these projects stack up.
$1.105B
Pendle splits yield‑bearing tokens into Principal (PT) and Yield (YT) tokens, enabling users to lock in fixed rates or speculate on future yield. A permissionless AMM with a custom logit bonding curve lets YT premiums track forward‑looking yield expectations. Pendle TVL grew 10× in 2024 on the back of LST and RWA integrations, and PENDLE governance now controls a large veToken bribe market.
USDT0 is the wrapped form of Tether issued by the cross‑chain router LayerZero to enable omnichain fungibility between Ethereum, Arbitrum, Optimism and BSC. The 0‑suffix indicates that redemptions are only possible through the canonical bridge rather than via Tether Treasury. The token carries a 0.1 % mint fee that is burned to offset bridge security costs.