The Best Pendle Alternatives in 2026

GMX V2 supports spot and perpetual trading for Bitcoin, Ethereum, AVAX, and other crypto assets on Arbitrum and Avalanche.

Drift supports perpetual and spot crypto trading through on-chain markets.

Wildcat Protocol supports crypto credit arrangements on Ethereum, with configurable borrower and lender markets and fixed interest rates.

SoSoValue Indexes offers an on-chain spot crypto index protocol for passive digital-asset investing.

HypurrFi combines lending and a credit card on Hyperliquid with spot and perpetual trading, borrowing, and crypto spending.

Inverse Finance FiRM offers fixed-rate borrowing against crypto collateral and a yield-bearing DOLA stablecoin.

Spectra offers fixed-rate yield products and markets for yield trading through its decentralized finance protocol.

TermMax provides a fixed-rate borrowing and lending marketplace where users can lock rates until maturity.

Compound crypto holdings through Beefy single asset vaults, with yield optimization available across multiple chains.

Exponent Yield Exchange offers tools to trade interest rates, hedge yield risk, and access automated on-chain yield vaults.

Solera offers real world asset vaults where users can lend assets and view deposits, borrowing, and yield rates.

Grvt Bridge offers perpetual futures on gold, oil, stocks, and crypto, with yield on trading collateral.

RISEx supports perpetual trading through an on-chain composable order book with yield on idle collateral.

Rysk offers upfront yield on crypto assets through options strategies such as covered calls and cash-secured puts.

Avalon CeDeFi combines Bitcoin lending and borrowing with yield products, including isolated markets and fixed-rate loans.

Spectra MetaVaults offers curated vaults with automated rollovers, fixed-rate positions, yield positions, and liquidity pools.

Royco V2 splits yield sources into senior, junior, and senior LP tranches so users can compare rates, capacity, and protection.

NAVI provides on-chain lending and borrowing, with live rates and loan information shown in its finance app.

TermFinance runs fixed-rate Ethereum lending and borrowing through on-chain auctions.

Fulcrom Perps provides perpetual crypto trading on Cronos and includes staking and vesting interfaces.

Chamber Vaults lets users create or explore managed vaults for trading crypto, equities, and commodities, including AI trading strategies.

De.Fi describes tools to manage assets across blockchains, generate cryptocurrency returns, and access token swap rates.

Treehouse Protocol provides fixed-income products for digital assets, including tAssets and decentralized rate benchmarks.

STRATO lets users earn on vaulted gold, silver, and crypto, with tools to swap, lend, and bridge assets across chains.