Pendle Expands on Robinhood Chain with sNET Market Launch
Pendle has expanded its presence on Robinhood Chain by launching its first yield-trading market, offering fixed and variable yield positions to sNET holders. The market is set to mature on September 17, 2026.
The launch marks a significant milestone for Pendle, which now operates across multiple chains, including Ethereum, Arbitrum, BNB Chain, Base, Mantle, Optimism, HyperEVM, Monad, and Plasma. Its earlier expansion introduced five markets tied to assets such as USDe, sUSDe, USDai, and syrupUSDT.
The sNET market on Robinhood Chain allows traders to separate the asset's principal from its yield before maturity. Pendle uses its Standardized Yield format to divide a position into Principal Tokens (PT) and Yield Tokens (YT). PT represents the underlying principal that becomes redeemable at maturity, while YT provides the right to yield generated by the underlying asset until maturity.