Pendle Finance has launched a dedicated USDG market on XLayer, OKX’s zkEVM Layer 2 solution. The market, maturing in October 2026, allows users to lock in fixed yields on this regulated stablecoin issued by Paxos and backed 1:1 by US dollars held in cash and short-term Treasury securities. Pendle’s mechanism splits yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT), offering fixed-income strategies within the DeFi ecosystem with lower transaction costs thanks to the Polygon-based zkEVM architecture. Exclusive incentives and a planned Aave integration will complement this market.
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