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Dashboards / Pendle / STRCx
STRCx
EthereumMatures 26 Nov 2026, 28 daysUnderlying STRCx at $99.85
Implied APY
19.13%
fixed rate to maturity
Underlying APY
12.20%
+6.93 pts implied minus underlying
Max APY (LP)
21.99%
Liquidity
$1.25M
TVL
$50.26M
24h volume
$1.93M
Implied 19.13% against 12.20% underlying
Implied and underlying APY, daily
ImpliedUnderlying
Data as of 28 Oct 2026 00:00 UTC/Source Pendle
$50.26M locked in this market
Market TVL, USD, daily
Data as of 28 Oct 2026 00:00 UTC/Source Pendle
The collateral
The underlying asset is the risk in a Pendle position. What backs STRCx, in Pendle's words and ours.
Class Exotic synthetic (DAT / variable-rate preferred backing)strcrwapointsstocks
What it is
STRCx represents the tokenized stock for Series A Variable-Rate “Stretch” Perpetual Preferred Stock by Strategy Inc., issued on Nasdaq in July 2025.
STRCx can only be obtained by partnered CEX shown here. There is no negative yield via this pool, but holders would face price exposure. Specifically, the value of the STRCx received at maturity (1 PT = 1 STRCx) may be lower due to the impact of the dividend distributions on the token’s price.
Refer to STRC metrics for more information about STRC's current price and dividend yield.
Quirks
Dividend from STRC is distributed twice a month for this pool retrospectively to YT and LP holders based on your time-weighted holdings.
Your counted balance is capped at what you still hold on the record date. Buying now counts only from now to the record date.
From November 2026 onwards, yield from this pool will be distributed on a weekly basis, time-weighted holdings rules still apply
Risk involved
This pool has minimal risk of generating negative yield
Sources: Pendle V2 API (market data and notes). Nothing here is investment advice.