Pendle Launches on Sonic Network, Bringing New Liquidity and Yield Farming Opportunities

Pendle, a decentralized finance (DeFi) protocol, has officially launched on the Sonic Network, marking a significant milestone in its development. The launch, which took place on February 28th, 2025, saw the introduction of the first liquidity pools in partnership with Rings Protocol.

The initial liquidity pools launched include stkscUSD and stkscETH, which are interest-bearing stablecoins minted using various stablecoins or ETH assets. These stablecoins can be staked in the Veda Vault, becoming stkscUSD and stkscETH, and earn yield through blue-chip DeFi protocols like Aave.

Rings Protocol, the partner in this collaboration, is an interest-bearing stablecoin protocol that enables users to mint scUSD and scETH using a variety of stablecoins or ETH assets. The partnership with Pendle allows these stablecoins to be staked and earn yield, providing users with additional opportunities for passive income.

The launch of Pendle on the Sonic Network is expected to bring new liquidity and yield farming opportunities to the DeFi ecosystem. As the protocol continues to develop, it will be interesting to see how it impacts the broader DeFi landscape and the growth of the Sonic Network.