YieldTruth · pendle · Ethereum · as of 2026-07-01 05:18 UTC
● REAL Grade C

Is the NOPAL yield on pendle real?

This 18.5% is mostly real staking / lending yield (~18.3% of it). Only about 1% comes from token emissions. It is single-asset, so there is no impermanent loss to drag you below holding. It can still fall, but it isn't a disappearing subsidy.

REAL 99%

Real fee/staking yield: 18.3% · token emissions: 1% of the headline.

👜 Would you be better off just holding?

No impermanent loss here — the ~18.3% is real income on the very asset you'd be holding anyway. Only any emissions portion fades.

Headline APY
18.5%
Real yield (fees)
18.3%
TVL
$2.6M
Impermanent-loss risk
none (single-asset)
▶ Open the live interactive verdict

Source: DefiLlama. Verdict is a heuristic over public data, not financial advice.

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