Pendle

Pendle is a yield-trading protocol that splits yield-bearing tokens into principal tokens (PT) and yield tokens (YT), so users can lock in a fixed yield or trade on future variable yield; Boros extends the model to funding rates.

Rating C: 6 restrictions: 6 countries. Yield · Ethereum, Arbitrum, Base, BNB Chain, Mantle, Sonic, Berachain, Optimism.

Official app: app.pendle.finance. Frontend code: closed.

Restrictions

• Geo Block: yes. app.pendle.finance answers HTTP 451 (Unavailable For Legal Reasons) to some countries; the Terms mention geo-blocks. The countries are those of the live probe (see the observations; 2026-10-12: BY, CU, IR, SD, SY, ZW). Blocked countries: Belarus, Syria, Cuba, Iran, Sudan, Zimbabwe.
• Feature Block: ToS only. Boros: not US. Affected countries: United States.
• Wallet screening: ToS only. ToS: wallet-screening DB, wallet blacklisting.
• VPN / Tor detection: ToS only.
• Terms of Service: docs.pendle.finance/pendle-v2/TermsOfUse, Last updated 2026-10-01. CU, IR, KP, SY, RU, BY, MM, SD, ZW, VE, Crimea, DPR, LPR, FATF high-risk.

Notes

Closed. Pendle API/SDK are open.

Live checks

• WebFetch (US): 'Failed to load app' (JS)

Evidence

• docs.pendle.finance/pendle-v2/TermsOfUse

Checked 2026-10-28. All interfaces · Methodology