About this Table

End-of-period holdings of Pendle's primary treasury wallet on Ethereum, the address that actually receives fees today, marked to market. These are stocks, so each column is a snapshot rather than a period sum.

Accrued Fees (SY/PT/YT) are fee revenue swept but not yet redeemed, so they carry their own line rather than sitting with stablecoin reserves. The other fee wallets, the other chains and the governance Safe are all excluded, so read this as the primary fee treasury rather than everything Pendle controls.

Pendle has no depositor claims on the treasury, so Total Liabilities is zero by construction and Total Equity equals Total Assets. Asset class is keyed on token address rather than symbol, which keeps address-poisoning spam out of the classification; those rows are unpriced and excluded.