TVL stability (CoV over 90d)
Pendle Finance's assessment for RD-F-084 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
TVL CoV not directly computable (DeFiLlama API >10MB for Pendle). Qualitative assessment based on known trajectory: V2 launch ~0 TVL → $1B Feb 2024 → $5.78B ATH May 2024 → $8.7B Q3 2025 peak → $1.96B Q3-Q4 2025 low → $1.59B current 2026-05-07. Significant maturity-driven cliff effects evident. 90-day trailing window appears more stable (current TVL $1.4-1.6B range), but full 12-month window shows high volatility. Yellow is conservative bounded estimate (CoV likely 0.15-0.35 for trailing 90d; >0.35 for 12-month window). Exact CoV requires DeFiLlama daily API paginated fetch.
Sources #
- URLWEEX — Pendle 2025 Q3 Performance ReportPendle Q3 2025 performance report: TVL surpassed $8.7Bretrieved 2026-04-29
- https://api.llama.fi/tvl/pendleretrieved 2026-05-06
Methodology #
Compute the coefficient of variation (σ/μ) of daily TVL over the trailing 90 days as a proxy for operational stability.
See the full factor methodology and distribution across all protocols →