Pendle Finance Yield Markets — Fixed APY & YT Analysis

What does Pendle Finance Yield Markets do?

Pendle Finance Yield Markets scrapes all active Pendle yield tokenization markets across Ethereum, Arbitrum, BNB Chain, Optimism, and Mantle, then computes a comprehensive set of analytics for each market — covering fixed APY (PT), implied APY, underlying real yield, YT leverage multiplier, liquidity depth score, trade recommendations, and much more. With over 35 computed fields per market and a portfolio-level summary record, it is the most complete Pendle market scanner available without a paid API key.

Why use Pendle Finance Yield Markets?

• Instant fixed yield hunting: Surface the highest PT fixed APY markets across all chains with a single run. The output includes pt_discount_opportunity (deep_discount/moderate_discount/fair_value) and maturity_urgency (expiring_soon/near_term/medium_term/long_term), so you can act on the best entry points immediately.
• YT carry trade intelligence: For every market the actor computes yt_leverage_multiplier — how much YT amplifies the underlying yield — and apy_divergence_signal (yt_underpriced/yt_overpriced/fairly_priced). When underlying yield beats implied APY by more than 5%, the signal fires automatically.
• Liquidity quality scoring: Each market gets a liquidity_health label (deep/adequate/shallow/illiquid) and a liquidity_depth_score (0–100 composite of TVL + volume/TVL turnover), eliminating markets where slippage would erode yield gains.
• Protocol risk stratification: The protocol_integration_strength field classifies every underlying as highly_integrated (Aave/Lido/Compound), established, new_protocol, or risky_underlying, and pendle_ecosystem_fit categorizes it as blue_chip_yield, liquid_staking, exotic_yield, or experimental.
• Actionable trade recommendations: The pendle_trade_recommendation field synthesizes all signals into a single directive: buy_pt_for_fixed_yield, buy_yt_if_yield_rises, provide_lp_liquidity, monitor_only, or avoid — ready to pipe into automated strategies.

How to use Pendle Finance Yield Markets

1. Go to the Apify Store and find Pendle Finance Yield Markets.
2. Click Try for free to open the actor in Apify Console.
3. In the Input tab, select the chains to scan (default: ethereum, arbitrum).
4. Set minLiquidityUsd to filter out thin markets (default: $100,000) and sortBy to rank by fixed_apy, liquidity, or underlying_apy.
5. Click Start — the actor returns a summary record followed by all qualifying markets.
6. Export to JSON or CSV and filter by pendle_trade_recommendation to find actionable entries.

Input

Field	Type	Default	Description
chains	string[]	["ethereum", "arbitrum"]	Chains to scan. Valid values: ethereum, arbitrum, bnb, optimism, mantle
limit	integer	50	Maximum number of markets to return per run
minLiquidityUsd	number	100000	Minimum market liquidity in USD to include in results
sortBy	string	"liquidity"	Sort order: liquidity, fixed_apy, underlying_apy, volume, risk_adjusted_yield, yt_leverage
activeOnly	boolean	true	Exclude expired or inactive markets

Output

[
  {
    "record_type": "summary",
    "total_pendle_tvl_usd": 4250000000,
    "market_count": 48,
    "overall_yield_environment": "normal",
    "avg_fixed_apy_pct": 7.34,
    "pendle_market_sentiment": "yield_expansion",
    "best_fixed_yield_opportunity": {
      "name": "sUSDe",
      "chain": "ethereum",
      "pt_fixed_apy_pct": 18.42,
      "liquidity_usd": 92000000,
      "days_to_expiry": 87
    }
  },
  {
    "chain": "ethereum",
    "name": "sUSDe",
    "symbol": "PT-sUSDe",
    "expiry": "2026-12-28T00:00:00Z",
    "days_to_expiry": 117,
    "underlying_protocol": "ethena",
    "underlying_apy_pct": 14.80,
    "implied_apy_pct": 12.50,
    "pt_fixed_apy_pct": 18.42,
    "yt_floating_apy_pct": 11.20,
    "pt_discount_pct": 5.81,
    "liquidity_usd": 92000000,
    "volume_24h_usd": 3800000,
    "apy_divergence_signal": "yt_underpriced",
    "underlying_vs_implied_diff": 2.30,
    "fixed_yield_advantage": 3.62,
    "yt_leverage_multiplier": 2.54,
    "liquidity_health": "deep",
    "liquidity_depth_score": 80,
    "protocol_integration_strength": "new_protocol",
    "pendle_trade_recommendation": "buy_pt_for_fixed_yield",
    "yield_strategy": "fixed_yield_lock",
    "pt_discount_opportunity": "moderate_discount",
    "maturity_urgency": "medium_term",
    "yield_volatility_signal": "moderate",
    "fixed_vs_variable_attractiveness": "lock_fixed_now",
    "pendle_ecosystem_fit": "exotic_yield",
    "vol_curve_signal": "flat"
  }
]

Data fields

Field	Description
chain	Chain where the market is deployed
name	Market name (e.g. sUSDe, wstETH)
underlying_protocol	Name of the underlying yield-generating protocol
underlying_apy_pct	Current real yield from the underlying protocol (%)
implied_apy_pct	Pendle market's consensus expectation of future yield (%)
pt_fixed_apy_pct	Locked-in annualized fixed yield if you buy PT and hold to expiry (%)
yt_floating_apy_pct	Historical accumulated YT floating yield (%)
pt_discount_pct	How far PT trades below face value (%)
days_to_expiry	Calendar days until this market expires
liquidity_usd	Total pool TVL in USD
volume_24h_usd	24-hour trading volume in USD
apy_divergence_signal	yt_underpriced, yt_overpriced, or fairly_priced
underlying_vs_implied_diff	Underlying APY minus implied APY (positive = YT underpriced)
fixed_yield_advantage	PT fixed APY minus underlying APY (positive = lock-in is better)
yt_leverage_multiplier	How much YT amplifies underlying yield exposure
liquidity_health	deep (>$10M), adequate ($1–10M), shallow ($100k–1M), illiquid
liquidity_depth_score	0–100 composite of pool TVL + volume/TVL turnover
protocol_integration_strength	highly_integrated, established, new_protocol, or risky_underlying
pendle_trade_recommendation	Actionable trade directive for this market
yield_strategy	fixed_yield_lock, leveraged_yield, lp_yield_farming, or balanced
pt_discount_opportunity	deep_discount, moderate_discount, fair_value, or premium
maturity_urgency	expiring_soon, near_term, medium_term, or long_term
yield_volatility_signal	Implied vs underlying divergence proxy: high_yield_vol, moderate, stable
fixed_vs_variable_attractiveness	lock_fixed_now, variable_better, or neutral
pendle_ecosystem_fit	Underlying protocol category: blue_chip_yield, liquid_staking, exotic_yield, experimental
yield_curve_signal	Across maturities of same underlying: upward_sloping, flat, inverted, single_maturity
risk_adjusted_fixed_yield	Fixed APY adjusted for time-to-expiry and discount bonus
optimal_strategy	Classic signal: buy-PT, buy-YT, provide-liquidity, hold, or avoid

Cost estimation

Pricing: $0.002 per market returned (PPE model — you pay only for markets retrieved).

Scenario	Markets	Estimated Cost
Quick scan — top 10 markets	10	$0.02
Standard run — 50 markets (default)	50	$0.10
Full multi-chain scan — 200 markets	200	$0.40

FAQ

Q: Do I need a Pendle or DeFi API key? No. The actor queries the public Pendle Finance API (api-v2.pendle.finance) with no authentication. No wallet connection or API key is required.

Q: What is the difference between implied_apy_pct and underlying_apy_pct? underlying_apy_pct is the actual current real yield the underlying protocol (e.g. Aave, Lido, Ethena) is generating today. implied_apy_pct is the Pendle market's forward-looking consensus expectation — the yield the market is pricing in for the entire remaining duration. When underlying exceeds implied, YT tokens are underpriced; when implied exceeds underlying, they are overpriced.

Q: Can I use this for automated yield strategies? Yes — the output is designed to be consumed by downstream pipelines. Filter by pendle_trade_recommendation, sort by pt_fixed_apy_pct, and join against your portfolio positions. The address field provides the on-chain market contract address for direct integration.

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Disclaimer: Pendle markets involve smart contract risk, yield variability, and potential loss of principal. The data produced by this actor is for informational purposes only and does not constitute financial advice. Always review the underlying protocol risks before entering any position.

Keywords: Pendle Finance, PT fixed APY, yield tokenization, Pendle markets, fixed yield DeFi, YT carry trade, Pendle scanner, DeFi fixed rate, implied APY, liquid staking yield

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Related actors

• Yield-Bearing Stablecoin Tracker — sUSDe and sDAI yields that underlie key Pendle markets
• LST Health Tracker — Liquid staking token yields that feed Pendle's PT/YT markets
• DeFi Yield APY Scanner — Broader DeFi lending yields to compare against Pendle's fixed and implied APYs

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