
BD @pendle_fi | Stablecoins | RWA DeFi connoisseur👨🍳
Joined November 2023
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Finally glad to announce the next wave of assets coming to Pendle: institutional grade tokenized assets, starting with @PartnersGroup’s NGI+.
This is something we’ve been working towards for the past few months alongside @AssetoFinance.
Our thesis is that a significant wave of assets: Treasuries, bond funds, equities, ETFs and private market products is coming onchain. @Pendle_fi is positioning itself as the primary yield layer for these assets where future returns can be priced, traded and fixed.
This creates a new layer of DeFi utility for tokenized assets beyond simply issuing or holding them onchain.
NGI+ is an important first step, with many more assets already in the pipeline.
The next few months will be a major chapter for tokenized assets onchain, and we’re excited to help build the market infrastructure around them.
Partners Group's Next Generation Infrastructure strategy is now live on Pendle as NGI+ (10 Dec 2026 maturity).
@PartnersGroup manages $186 billion across private equity, infrastructure, private credit, real estate and royalties for institutional and private investors worldwide.
NGI+ is the onchain token linked to the NAV performance of Partners Group Next Generation Infrastructure, the firm's open-ended fund that invests alongside that flagship program.
Private infrastructure of this calibre has historically been reserved for pensions, sovereign funds and family offices, and is now readily available through Pendle x @AssetoFinance, opening access to the fund's $1 billion AUM onchain.
In 2.5 years, the fund has returned 48.8% net with volatility below 2.5%, returns and yield that can now be priced and traded around the clock on Pendle. Fixed rate is also now available for anyone looking to a lock in a return, which at time of writing is at 19%, higher than the fund's historical performance.
This listing marks the point where private markets and onchain fixed yield meet at institutional scale. Pendle is proud to have brought a Partners Group strategy onchain. As the world's largest asset managers tokenise their funds, Pendle is the infrastructure that turns those assets into tradable yield, and we look forward to unlocking more of them alongside partners like Asseto 🤝
Wilbert retweeted
Over $450m in PTs now used as DeFi lending collateral
@Morpho has taken the lead with ~68% of total supply
Most popular PT collateral include:
📌 PT-reUSD → $163m
📌 PT-AUSD → $51m
📌 PT-USDat → $47m
📌 PT-USDG → $43m
📌 PT-USD3 → $33m
Lendle (Pendle Lending haHA)
Wilbert retweeted
AAA CLO yield trading is now live on @pendle_fi.
With $deJAAA, tokenized exposure to Janus Henderson's AAA CLO strategy supports fixed-yield positions and trading of future floating-rate yield.
Liquidity providers can also earn fees from trading activity in the pool.
Janus Henderson runs over $30B in its AAA CLO strategy, with its core US fund among the largest actively managed fixed income ETFs.
That strategy is now on Pendle as @Centrifuge deJAAA (26 Nov 2026 maturity).
To mark it, @tn_pendle sat down with Nick Cherney, Head of Innovation at @JHIAdvisors, on why a $500B manager moved on chain and what comes next.
Wilbert retweeted
Janus Henderson runs over $30B in its AAA CLO strategy, with its core US fund among the largest actively managed fixed income ETFs.
That strategy is now on Pendle as @Centrifuge deJAAA (26 Nov 2026 maturity).
To mark it, @tn_pendle sat down with Nick Cherney, Head of Innovation at @JHIAdvisors, on why a $500B manager moved on chain and what comes next.
Figuring out the utility for tokenized assets (stocks, funds, treasuries, dollars etc) will unlock the next $1T of RWAs on-chain.
NGI+, a tokenized infrastructure fund from @AssetoFinance and @Partnersgroup, is now available on @pendle_fi. Users can lock-in fixed rates or long yield on Pendle. It is the first of many tokenized assets that will be launching on Pendle, transforming into actual productive capital within DeFi.
Every piece of DeFi is falling into place
Fun fact: I used to work on Wall street in equity research, pitching institutional clients on biotech stocks
Why would an investor, especially international, buy anything else than a yield bearing stock with 24/7 liquidity? And what do you mean, I don't have to KYC?
Incredibly excited for where this is going and proud of all the teams involved for putting it together
Higher
Are our YTs finally printing? To t̶h̶e̶ ̶M̶o̶o̶n̶ Saturn!
Wilbert retweeted
Saturn is increasing weekly USDat distributions on @Pendle_fi markets.
Projected Sept 17–24 (00:00 UTC):
Monad: $18,300
Ethereum: $11,000
Distributions scale with USDat size per market through the end of Season 2.
Wilbert retweeted
Staying ahead of Narrative Rotations is the key to unlocking the next 20-100x
A majorly overlooked indicator is the "Pendle Factor"
Let's look at all the narratives they've been a major player in:
→ LSTs
→ LRTs
→ points markets
→ BTC-fi
→ yield-bearing stablecoins
→ RWA / institutional fixed yield
→ PT collateral & looping
→ memestonks
Add to this:
- PT is now a THE primitive for onchain fixed yield integrated as collateral across Aave, Morpho, Euler, + insti curators (Wintermute’s Armitage) running vaults on top reaching ~$60M in TVL
- For RWAs pendle has ~45 live RWA markets, 19 of them above $10M with Paxos, Sky, Agora, private credit, receivables, even tokenized stocks
- Every new listing frequently offers ze best fixed rates AND early entries capture rates before they compress The early Pendle users eat good with the launch of new pools
- ~$1.2B TVL in one of the bloodiest drawdowns in crypto plus fees near ATH while the market chopped (good for holders)
Linn's strategy is simple: Pay attention to what is on Pendle + Hold and Stake ethereum:0x808507121b80c02388fad14726482e061b8da827
linn has been holding an ungodly amount of pendle for years now because there simply isn't a future where it isn't up insane multiples from here, pendle is one of the grittiest, hardest working, relentless teams in crypto and linn would be saying exactly the same things even if linn wasn't a tier 1 kol supreme for pendle
Wilbert retweeted
Asseto is bringing institutional-grade real-world assets to the most DeFi-native fixed-income market on-chain.
NGI+, powered by Asseto's tokenization infrastructure, is now live and tradable on @pendle_fi.
NGI+ is an on-chain token backed by interests in a private infrastructure equity fund, linked to the NAV performance of the Partners Group Next Generation Infrastructure strategy. Its yield comes from the operation of essential infrastructure, data centers, power grids, clean energy and transport, driven by real cash flows from the underlying assets.
Taking an asset this complex on-chain is exactly what Asseto is built for. From the legal wrapper to smart contracts, from on-chain records to NAV updates, Asseto provides the full-stack infrastructure that makes a private-market strategy tradable on-chain.
On Pendle, NGI+ can now be separated into Principal (PT) and Yield (YT) tokens and traded independently. Lock in fixed yield through PT, or take yield exposure through YT. A return stream once reserved for institutions becomes a composable building block that DeFi can price, trade and build around, subject to the applicable eligibility requirements.
This is the RWA thesis, delivered. Live now on Ethereum mainnet.
Full breakdown 👇 asseto.finance/insights/from…
Wilbert retweeted
Pendle's RWA Stack:
Infrastructure: NGI+ (Partners Group private infra fund), USDai (GPU financing), GAIB (AI infra financing)
Equities: NVDA, PFE
Equity treasury protocols: sNUKE (Accumulates NNE stock), sNET
Treasuries / T-bill stablecoins: SGOV, AUSD, earnAUSD, cUSDO, USDG, sUSDS
Preferred Stock: STRCx, Saturn, APYX
Private credit: 3Jane consumer credit), OPAL (Brazilian card receivables via Plume/BlackOpal), ynRWAx (YieldNest diversified RWA), SIERRA (blended RWA and DeFi reserves)
Insurance: Re (reinsurance)
Commodities: XGLD (gold), hBTC (Syntetika BTC basis strategy)
Synthetic dollars with TradFi hedging: USDx (Axis), sUSDe (Ethena)
RWA private infrastructure is now tradeable on Pendle.
NGI+ (26 Nov 2026 maturity), tokenised on @AssetoFinance's infrastructure, brings Partners Group's Next Generation Infrastructure strategy onchain.
With Pendle, you can access fix, trade and speculate this yield.
Wilbert retweeted
We're excited to welcome Wilbert Johan to RealFi x Asia Stablecoin Conference 🇰🇷
@_whalebird is RWA Lead at @pendle_fi. Pendle is the largest protocol for fixed rates and yield trading in DeFi. It splits yield-bearing assets into a Principal Token (PT) and Yield Token (YT), creating fixed- and floating-rate markets akin to interest rate swaps and Treasury STRIPS.
Join us in Seoul on October 1, 2026 👇
Wilbert retweeted
Today @SentoraHQ , unveiled a new set of risk monitoring signals for @pendle_fi across our Smart Yields and Risk Radar platforms: defirisk.sentora.com/metrics…
@Pendle has been one of the most innovative DeFi protocols of the latest wave and has been quietly turning DeFi into a fixed-income market. Principal Tokens let investors lock in yield by purchasing future principal at a discount. But once you have maturities, yield curves and relative-value trades, evaluating risk requires more than looking at APY.
That’s why @SentoraHQ Risk Radar now includes 11 new indicators specifically designed for Pendle PT markets, with the signals also integrated directly into Smart Yield allocation decisions.
A few of the most interesting:
Market Liquidity Flows tracks how capital rotates between maturities of the same underlying asset—essentially making movements along Pendle’s yield curve visible.
PT Price Evolution compares the market-implied discount with the discount implied by the underlying asset’s actual yield. The spread provides a direct view into potential mispricing and whether it tends to mean-revert.
PT Histogram shows where existing PT holders entered, helping identify concentrations of profitable or underwater positions—and therefore where selling pressure might emerge.
The broader idea is important.
As DeFi evolves from simple lending into fixed income, structured products and increasingly sophisticated strategies, risk analytics need to evolve with it.
You can’t manage a yield curve with an APY dashboard.
@SentoraHQ is building the risk layer for what comes next.
@Sentora keeps shipping.
Wilbert retweeted
SIERRA's fourth market on @pendle_fi just went live!
We have allocated at least 25,000,000 Peaks to YT holders for this final Pendle market prior to the TGE of the Sierra Governance Token (SGT)
Read below to learn more about our next market👇
Wilbert retweeted
AMA in English, hosted by @Edward__Park, @Eosborn88, and @Kevinlhr88
Saturn on @Monad
Featuring Wecryptotogether
07-24-2026
9:00AM EST | 9:00AM HKT
Featuring:
• @_whalebird from @pendle_fi
• @FishMarketAcad from Monad
Wilbert retweeted
FIFA World Cup has just ended but it's still just half-time for Pendle ⚽
A quick scroll through the highlights from the first half of 2026:
Wilbert retweeted
We're excited to announce that SIERRA PT 06AUG2026 has been added as collateral on @Morpho to the @gauntlet_xyz USDT Frontier Vault
Read more below to learn how to begin looping SIERRA PTs and why we chose to work with Morpho, Gauntlet and Pendle👇





























