Pendle launches fixed-income yield market on Robinhood Chain as L2s experience net capital outflows back to Ethereum mainnet.
DeFi & Yields ·
Pendle deployed on Robinhood Chain on September 4 with its first fixed-income yield market, sNET, maturing September 17, 2026, offering users fixed yield, leveraged yield exposure, and liquidity rewards. Robinhood Chain experienced a net outflow of approximately $21 million in the past 24 hours, the largest among major layer-2s, while Arbitrum, Base, Polygon, and Hyperliquid collectively saw approximately $46.5 million flow back to Ethereum mainnet during the same period.