Pendle has deployed its first market on Robinhood Chain, opening trading in fixed and variable yield through sNET, the staked form of NET issued by NetNet Capital. The market matures on Sept. 17, 2026, allowing users to separate sNET’s principal from its future yield and trade the two components independently. Pendle’s Principal Tokens represent redeemable principal at maturity, while Yield Tokens provide exposure to returns generated before the market expires. The fixed annual percentage yield shown for Principal Tokens is an implied annualized return based on market prices and holding to maturity, not a contractual guarantee. Robinhood Chain launched its public mainnet on July 1 as a permissionless Ethereum Layer 2 built with Arbitrum technology. It uses ETH for transaction fees and is designed to support tokenized financial assets, lending, trading and smart-contract applications involving real-world assets. Pendle held about $1.23 billion in total value locked at the time of reporting, while its token traded near $1.90 on Sept. 4, up about 1.2% in 24 hours and 9.1% over seven days. The launch comes as Robinhood Chain activity grows, with the network processing about $945 million in decentralized-exchange volume on Aug. 25 and cumulative volume exceeding $47 billion in less than two months. Access to the sNET market and other products may still depend on application-level and jurisdictional restrictions.