Pendle expires July 25, what you need to know

July 25th is almost here, here’s all the basic information you need to know about the expiration date, and what you can or need to do.

LP Liquidity Transfer

You can now migrate your liquidity at any time (even before the expiration date) with just the click of a button. Simply select “Transfer Liquidity” on the corresponding pool page. For a full guide, you can refer to another tweet .

PT Rollover

PT version of liquidity transfer. Keep your fixed income generating by moving your capital and earnings to any other PT of your choice.

LP Redemption/Exit

LPs can select "Zap Out" and claim their rewards in a single transaction via the tab. You can choose any output asset and Pendle will automatically redeem, unwrap, and (only when needed) swap directly.

PT Redemption

The long-awaited PT expiration date is finally here. You can easily redeem your PT for the underlying asset (or any token of your choice) on the corresponding PT page.

YT Claim

At expiration, the value of YT will decay to $0. That is, you have extracted the full value from YT, which will appear as points or earnings. If the latter, make sure to remember to claim it from the dashboard.

SY Unwrapping

For those holding the SY version of any asset, you can unwrap them using Pendle’s SY Unwrapper from the drop-down menu in the top right corner of the app.

Where can I find all my expiring pools?

Expiring positions will be displayed on your dashboard, and the corresponding pool page can be accessed from there. Alternatively, you can find any expiring markets and pools on the “Inactive” markets/pools page.

What’s next?

For Ethena USDe/sUSDe, we have different new pools in multiple time periods to meet various needs, specifically on August 22, September 26, October 24, and December 26.

Pendle is now home to various Ethereum LRTs across EigenLayer, Symbiotic, and Karak. For a complete list, be sure to visit the official website .

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