Sky’s Yield-Bearing sUSDS Looping Goes Live on PendleLoop

Sky said users can now loop its yield-bearing USDS token, sUSDS, through PendleLoop, extending the tool to another asset alongside Pendle principal tokens and yield-bearing assets from other protocols.

Pendle lets users split yield-bearing assets into principal and yield positions that can be traded. PendleLoop combines leveraged long and short positions with yield looping. The initial PendleLoop rollout supported Pendle principal tokens and yield-bearing assets from other protocols, with plans to expand support.