Pendle launches yield-trading protocol on Robinhood Chain

Pendle has officially launched its yield-trading protocol on Robinhood Chain, introducing fixed-yield products to the network’s decentralized finance (DeFi) ecosystem. The deployment begins with the sNET market, which allows users to separate and trade principal and future yield. The sNET market is scheduled to mature on September 17, 2026.

Issued by NetNet Capital, sNET is the staked version of NET, a reserve-backed token native to Robinhood Chain. The protocol functions as a reserve manager for NET, utilizing a treasury that includes assets such as the USDG stablecoin.

Robinhood Chain, which launched on July 1, is an Ethereum Layer 2 built using Arbitrum technology. This integration aims to provide advanced DeFi tools to a broader retail audience by offering native fixed-yield solutions that were previously unavailable on the network.