pendle-plugin

Overview

Pendle is a yield tokenization protocol that splits yield-bearing assets into Principal Tokens (PT, fixed yield) and Yield Tokens (YT, floating yield). This skill lets you browse markets, buy/sell PT for fixed yield, buy/sell YT for floating yield, mint/redeem PT+YT pairs, and add/remove liquidity on Ethereum, Arbitrum, BSC, and Base.

Prerequisites

• onchainos CLI installed and logged in
• ETH (or BNB on BSC) for gas on the target chain
• A stablecoin (e.g. USDC) or yield-bearing asset (e.g. weETH, wstETH) on the target chain to trade

Quick Start

• Check your current state and get a guided next step: pendle-plugin quickstart
• If you see status: no_funds / needs_gas / needs_funds — fund the wallet address shown in the output (ETH for gas + USDC to trade)
• Browse active markets — note pt address and address (= LP address); look for high impliedApy and liquidity.usd > $1M: pendle-plugin --chain 42161 list-markets --active-only --limit 10
• Search markets by asset (e.g. ETH-derivatives, stablecoins): pendle-plugin --chain 42161 list-markets --search weETH --active-only
• Buy PT for fixed yield — preview first (no --confirm): pendle-plugin --chain 42161 buy-pt --token-in <USDC_ADDR> --amount-in 5000000 --pt-address <PT_ADDR>
• Re-run with --confirm to execute: pendle-plugin --chain 42161 --confirm buy-pt --token-in <USDC_ADDR> --amount-in 5000000 --pt-address <PT_ADDR>
• Check your positions (allow 15–30s for the Pendle indexer): pendle-plugin --chain 42161 get-positions
• For leveraged floating yield, buy YT instead of PT: pendle-plugin --chain 42161 --confirm buy-yt --token-in <USDC_ADDR> --amount-in 5000000 --yt-address <YT_ADDR>
• Exit before expiry: pendle-plugin --chain 42161 --confirm sell-pt --pt-address <PT_ADDR> --amount-in <PT_WEI> --token-out <USDC_ADDR>