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Pendle V2

DEX

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Pendle Finance is a protocol that enables the trading of tokenized future yield on an AMM system.

What HEY knows

Building
Last shipped 27 days agoActive: 1 meaningful event in 30 days; latest ship 27 days ago. Evidence Source

Build Momentum 21How it is measured

Latest ship
Code changes, week of 2026-09-21 – 2026-09-27 · 1 commit · · Code activity

Why it matters: First week of code changes after 18 quiet days.

Latest change
Fact2 days ago: Links the official site declares changed: 1 added, 0 removed. Added docs link: docs.pendle.finance/boros-docs/about-boros/market-types. Evidence Source
FollowCreate alertTerminal previewView latest ship
Share

Follow puts Pendle V2 on your private watchlist; its changes then lead “Since you were last here” when you come back. Following needs an account; browsing never does.

No account? Email me Pendle V2’s changes

No account and no password. HEY stores the address and what you asked for, sends one confirmation, and nothing else until you confirm. Every email has a one-click unsubscribe that deletes the address.

Or read its RSS feed.

Product usage

Pendle V2: TVL $427K · fees 24h $0 · revenue 24h $0 (DefiLlama, 2026-10-19). Registry context, not a measure of building.

Token market · context
No token tracked
Not yet known
Unknown1 gap: API description (no source). Its website links no API description.

HEY can answer 10 of the 11 research questions that apply · Research coverage

Compare with…The same summary, with every line’s evidence: snapshot API
What HEY checked — why it says this
Active.
“Active” by the activity rule: 1 meaningful event in the last 30 days, the newest 2026-09-22.
SourceRepositories, changelogs and feeds HEY reads for this project, and the ship events recorded from them.ReadRecordsCode changes, week of 2026-09-21 – 2026-09-27 · 1 commitCode changes, week of 2026-08-31 – 2026-09-06 · at least 5 commitsCode changes, week of 2026-08-03 – 2026-08-09 · at least 5 commitsWhat HEY derivedHEY’s activity rule reads the counted events as “Active”.Not concludedIt says what HEY can read of the building, not how good the project is, who is behind it, or what its token will do. Quiet or unknown is not "abandoned".
Verified Builder.
The quality gate found verified building evidence from the project's own sources.
Source170 registered sources, 0 of them context only.ReadRecordsCode changes, week of 2026-09-21 – 2026-09-27 · 1 commitCode changes, week of 2026-08-31 – 2026-09-06 · at least 5 commitsCode changes, week of 2026-08-03 – 2026-08-09 · at least 5 commits+5 moreWhat HEY derivedThe quality gate’s stored decision: “Verified Builder”.Not concludedA verified builder is one whose shipping HEY confirmed from public evidence. It does not say who runs the project — that is the ownership claim, a separate check.
Market figures are context only and never change activity status. Methodology
LinksWebsiteGitHubXSources

Latest ship

Checked

Code changes, week of 2026-09-21 – 2026-09-27 · 1 commit

Code activitySource linked

What changed, in the repository’s own words:

1 active day in pendle-finance/pendle-core-v2-public.

This week HEY looked inside 1 commit to see what changed: 1 changed code.

Record ship:75023e28… · HEY counts it as building; it does not judge the release’s quality or what it means for the token.

View evidence ↗

Shared change · Official source change

Pendle V2's official site changed.

Links the official site declares changed: 1 added, 0 removed. Added docs link….

Observed by HEY on 2026-10-17Source: official site

View evidence ↗Evidence receipt

Builder activity

Bars: meaningful, source-backed ships per week (count). Weeks run Monday to Sunday, UTC, labelled by their Monday. Commits are aggregated, a code week counted once. Hatched: 3 weeks before HEY began reading this project’s sources — not yet read, not zero.

Questions HEY can answer about Pendle V2 — as of 2026-10-19

Is Pendle V2 still being built?
DerivedActive: 1 meaningful event in 30 days; latest ship 27 days ago. Evidence
What did Pendle V2 ship last?
FactCode changes, week of 2026-09-21 – 2026-09-27 · 1 commit — Code activity, 27 days ago. Evidence
What does HEY not know about Pendle V2?
Unknown1 gap: API description (no source). Its website links no API description. Details

Build timeline

  1. Code changes, week of 2026-08-31 – 2026-09-06 · at least 5 commits

    Code activitySource linked

    What changed, in the repository’s own words:

    4 active days in pendle-finance/pendle-core-v2-public.

    This week HEY looked inside 2 of 5 commits to see what changed: 1 changed code, 1 documentation or maintenance only. One code change is enough for the week to count, so HEY stopped there.

    View evidence: Code changes, week of 2026-08-31 – 2026-09-06 · at least 5 commits (opens in a new tab)

  2. Code changes, week of 2026-08-03 – 2026-08-09 · at least 5 commits

    Code activitySource linked

    What changed, in the repository’s own words:

    9 active days in pendle-finance/pendle-core-v2-public.

    This week HEY looked inside 1 of 5 commits to see what changed: 1 changed code. One code change is enough for the week to count, so HEY stopped there.

    View evidence: Code changes, week of 2026-08-03 – 2026-08-09 · at least 5 commits (opens in a new tab)

Research notes

Written by HEY researchers and reviewed before publishing. Commentary with sources — not the project's own claims, and not evidence of shipping.

Know something about Pendle V2? Sign in with GitHub to submit a research note. Notes are reviewed before they appear here.

What changed

21 changes on HEY’s record for Pendle V2: 18 official source changes · 3 weeks of code pushed.

  • Official source changed2d ago

    Links the official site declares changed: 1 added, 0 removed. Added docs link: docs.pendle.finance/boros-docs/about-boros/market-types

    See the change Source ↗

  • Official source changed3d ago · 5 official source changes

    Links the official site declares changed: 3 added, 3 removed. Added docs link: docs.pendle.finance/boros-docs/about-boros/market-types; docs link: docs.pendle.finance/boros-docs/about-boros/rate-settlement; docs link: docs.pendle.finance/boros-docs/about-boros/spread-markets. Removed docs link: docs.pendle.finance/boros-docs/about-boros/funding-rate-settlement; docs link: docs.pendle.finance/boros-docs/arbitrage-with-crossex/overview; docs link: docs.pendle.finance/boros-docs/boros-systems/orderbook

    See the change Source ↗

  • Official source changed4d ago · 11 official source changes

    Links the official site declares changed: 3 added, 3 removed. Added docs link: docs.pendle.finance/cn/boros-docs/about-boros/market-types; docs link: docs.pendle.finance/cn/boros-docs/about-boros/rate-settlement; docs link: docs.pendle.finance/cn/boros-docs/about-boros/spread-markets. Removed docs link: docs.pendle.finance/cn/boros-docs/about-boros/funding-rate-settlement; docs link: docs.pendle.finance/cn/boros-docs/arbitrage-with-crossex/overview; docs link: docs.pendle.finance/cn/boros-docs/boros-systems/orderbook

    See the change Source ↗

  • Official source changed5d ago

    Links the official site declares changed: 1 added, 1 removed. Added docs link: docs.pendle.finance/boros-academy/advanced-strategies/spread-markets-101. Removed docs link: docs.pendle.finance/boros-academy/advanced-strategies/hedging-funding-rates-pay…

    See the change Source ↗

  • Code pushed27d ago

    Code changes, week of 2026-09-21 – 2026-09-27 · 1 commit

    See the change Source ↗

All 21 changes for Pendle V2 →

The full change record holds 168 more, of kinds this list leaves out — lock records and HEY’s own research bookkeeping among them. Full record (JSON)

Research coverage

HEY can answer 10 of the 11 research questions that apply.

10 of 11 applicable dimensions measuredShow each dimension

Identity

  • IdentityMeasuredRead 1mo ago.

Building

  • Building activityMeasuredRead 3h ago.
  • RepositoriesMeasured
  • ReleasesMeasured
  • TimelineMeasured

Official site

  • Official docsMeasuredRead 49m ago.
  • API descriptionNo sourceIts website links no API description.
  • Official site changesMeasuredRead 3d ago.

Code and packages

  • Repository detailsMeasuredRead 8h ago.
  • Published packagesMeasuredRead 8h ago.

Protocol economics

  • Protocol economicsMeasuredRead today.

Not applicable here: Package advisories, Contract creation, Contract activity, Verified source, Contract interface, Current market, Market history, Supply distribution, Locks, Market checks.

A count of what HEY has read, never a score: projects are not compared or ordered by it. Unknown is never zero. The same states: coverage API.

Sources

165 more sources (docs)

Security context: 3 audit reports found · a published security contact. An audit shows an audit took place; it is not a guarantee of safety.