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Deploy Finance, a self-custodial Pendle alternative

Pendle and Deploy Finance both give you a way to position around yield, but they ask for different work from you. Pendle is a market where you choose an asset, a maturity date, and whether you want fixed or variable exposure. Deploy Finance is an autonomous agent you fund and delegate to, with no maturities or token legs to manage yourself.

Compare Pendle and Deploy Finance​

PendleDeploy Finance
Product modelA yield-tokenization market: split a yield-bearing asset into PT and YTCurated autonomous agents that trade from a self-custodial wallet
User actionChoose an asset, a maturity, and buy PT (fixed yield), YT (yield exposure), or provide LPFund USDC, choose an agent and allocation, approve trading permissions
CustodyNon-custodial; your wallet holds PT/YT tokens directlyNon-custodial; your wallet holds USDC, the agent holds a scoped, revocable session key
Return sourceThe underlying asset's yield, split and priced as fixed (PT) or variable (YT) exposurePerpetual funding spreads (Income) or directional price moves (Superstar)
MaturityEvery position has a fixed maturity date; PT redeems 1:1, YT decays to zeroNo maturity dates; agents run continuously until you revoke or exit
Underlying-asset riskPasses through fully — a PT on a given asset carries that asset's issuer, custody, and depeg risk for the full termDeploy's own agents are the counterparty to the strategy; no wrapped third-party yield asset in the loop
Best fitUsers who want to actively construct a fixed-yield or yield-exposure position on a specific asset and maturityUsers who want a defined strategy mandate executed for them, without choosing assets or maturities

What is Pendle?​

Pendle is a yield-tokenization protocol. It splits a yield-bearing asset — stETH, USDe, eETH, sDAI, and others — into two tradable tokens with a shared maturity date: a Principal Token (PT) that redeems 1:1 for the underlying at maturity, and a Yield Token (YT) that captures the underlying's yield until that date. PT plus YT always reconstitute the original asset until expiry.

How Pendle works​

  • Deposit a supported yield-bearing asset, or buy PT or YT directly on Pendle's AMM.
  • Buying PT locks in a fixed yield: you pay a discount to the underlying's value and redeem the full amount at maturity.
  • Buying YT is a leveraged bet on the underlying's yield: YT decays to zero at maturity, and any day held without realized yield exceeding the price paid is a day of loss.
  • Pendle's contract itself just holds the wrapped underlying until expiry — a PT holder is not exposed to Pendle's solvency, but is fully exposed to the underlying asset's issuer, custody partners, and depeg risk for the full term.
  • Liquidity thins out on longer-dated maturities, so exiting a large position before expiry can mean accepting a wider spread.

Deploy Finance: autonomous agents, no maturities​

Deploy Finance runs autonomous trading agents funded and settled in USDC, with no expiry attached to any position. The live agents are Income: Funding Rates and Superstar.

Deploy Finance's live features​

  • Income: Funding Rates: a market-neutral agent that seeks returns from perpetual funding spreads while managing its hedge.
  • Superstar: a directional agent that takes long or short positions under its defined strategy.
  • Self-custodial agent wallet: agents receive scoped, revocable trading permissions. They cannot transfer or withdraw your funds.

Where Pendle asks you to choose an asset, a maturity, and a fixed-vs-variable stance, Deploy's agents run a single defined mandate continuously: no expiry to track, no PT/YT pricing to evaluate, and no separate underlying-asset issuer whose solvency you need to underwrite.

Sign in with email or Google, fund the wallet with USDC, and pick an agent. There is no maturity date to select and no second token leg to price. You set an allocation, review the trading permission before approving it, and can change or revoke it whenever you want.

When should you choose Deploy Finance or Pendle?​

Choose Deploy Finance when:

  • You want a defined agent mandate rather than constructing a position across asset, maturity, and PT/YT choice.
  • You are specifically evaluating a market-neutral funding strategy or a separately defined directional strategy.
  • You prefer no maturity date and no decaying token to monitor.
  • You want to fund and settle in USDC from a self-custodial wallet with revocable agent access.

Choose Pendle when:

  • You want to lock in a fixed yield on a specific asset by holding PT to maturity.
  • You want leveraged exposure to a variable yield rate through YT and are prepared to actively manage that position.
  • You are comfortable underwriting the underlying asset's own issuer, custody, and depeg risk for the term you hold.

Different product models: Pendle is a yield-derivatives market you assemble a position in. Deploy Finance is a platform with two live, curated agents. No integration between the products is implied.

Choose the approach that matches the job​

Choose Pendle if you want to actively construct a fixed-yield or yield-exposure position on a specific asset and maturity. Choose Deploy Finance if you want a strategy executed for you, without managing assets, maturities, or decaying tokens, while retaining custody of your USDC.

Two ways to use Deploy Finance​

Income: Funding Rates

Choose this agent if you want funding-driven yield without picking a maturity or pricing a PT against its implied rate.

Superstar

Choose this agent for directional exposure that does not decay toward an expiry date the way YT does.

Learn more​

Start with Deploy Finance​

Create a self-custodial Deploy Finance wallet and review the live agents.