Pendle (PENDLE) interest rates: staking, lending and yield farming

Q: What is the best PENDLE APY right now?

The highest rate with at least $1M of liquidity is 14.31% at Camelot V2 on Arbitrum. It is a liquidity pair, so the return also depends on the other asset.

Every liquid DeFi pool that includes PENDLE: 28 pools across 13 protocols and 5 chains. Live APY with base/reward split, 30-day average and risk flags. Updated 24 d ago

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Best single-asset APY

7.74%

Best APY incl. pairs

0.27%

Median APY

$9.6M

Liquidity in PENDLE pools

1 / 28

Single-asset / all pools

All pools Single asset Best APY Camelot V2

Pool	APY	30d avg	TVL ▾	30d	Risk	Chain
PENDLE-WETH Camelot V2	14.31% base 14.31%	7.74%	$2.3M		LP IL Down	Arbitrum	Deposit ↗

By protocol

Camelot V2best 7.74% · 1 pools · $2.3M

By chain

Arbitrumbest 7.74% · 1 pools · $2.3M

Borrow PENDLE 1 markets

Market	Chain	Borrow APY	Supply APY	Supplied	Borrowed	LTV
PENDLEDolomite	Arbitrum	3.55%	0.53%	$887K	$165K	75%

All PENDLE borrow markets →

Paired with PENDLE

How to earn on PENDLE

Single-asset options (lending, staking, savings vaults) pay interest without exposing you to another token; your PENDLE balance grows and you can withdraw the same asset. Liquidity pairs earn trading fees plus rewards but hold PENDLE together with a second asset, so the value moves with both prices (impermanent loss). The “Single” chip marks the first kind.

Each row links to the protocol’s own deposit page. Check the chain first: the same protocol can pay different rates on Ethereum, Base or Arbitrum, and moving funds costs a bridge fee (see bridges). Rates refresh hourly; the 30-day average shows whether today’s number is typical.

Questions people ask

What is the best PENDLE APY right now?

The highest rate with at least $1M of liquidity is 14.31% at Camelot V2 on Arbitrum. It is a liquidity pair, so the return also depends on the other asset.

Where can I earn interest on PENDLE?

13 protocols currently list PENDLE pools. The largest by liquidity: Camelot V2 ($2.3M). Each row in the table links to the protocol’s deposit page.

Can I borrow PENDLE?

1 lending markets let you borrow PENDLE against collateral. See PENDLE borrow rates for the cheapest one.

Is PENDLE yield safe?

It depends on the pool. Single-asset lending and staking avoid impermanent loss; liquidity pairs do not. The median PENDLE rate across liquid pools is 0.27%; anything far above it usually carries reward-token risk or a very small market. Our methodology explains every column and flag.