Pendle · interactive mechanism simulation

A deposit of yield-bearing assets is wrapped into SY, then split into a Principal Token (PT, fixed yield) and a Yield Token (YT, the yield stream) traded on a time-decay AMM. Swap fees flow to vePENDLE lockers who vote on emissions. Edit the parameters and watch the flywheel change.
Depositor stETH / aUSDC etc. SY wrapper yield APY: 12% PT / YT split discount: 8% AMM pool swap fee: 0.30% TVL: $0 YT holders 0 positions $0 streamed PT holders 0 positions $0 fixed-yield locked vePENDLE lockers veShare: 80% $0 fees distributed
Deposits simulated
0
TVL
$0
Fixed yield locked (PT)
$0
Yield streamed (YT)
$0
Time to maturity
30 days
Parameters — edit me
8%
12%
0.30%
80%
30d
Controls

Illustrative simulation. Defaults mirror the researched Pendle mechanism (SY wrapping, PT/YT splitting, a time-decay AMM, and vePENDLE fee-sharing/emissions voting), but deposit sizes, timing and dollar figures are randomized for visualization — not live onchain data. Drag the sliders to explore how the flywheel responds. Part of The Onchain Experiment Atlas.