About this market
USDC (Morpho cbBTC/USDC) is a fixed-yield market on Pendle (Base). The market splits USDC (Morpho cbBTC/USDC) into a principal token (PT-Morpho-cbBTC-USDC-17SEP2026) that redeems for the underlying at maturity and a yield token (YT-Morpho-cbBTC-USDC-17SEP2026) that carries the variable yield until then, so buying the principal token at a discount fixes a rate to maturity while the yield token takes the floating side. It matures on 17 Sep 2026 and is used to fix a rate for a known term, or to trade the underlying's yield separately from its principal.
- Protocol
- Pendle
- Chain
- Base
- Underlying
- USDC (Morpho cbBTC/USDC)
- Principal token
- PT-Morpho-cbBTC-USDC-17SEP2026
- Yield token
- YT-Morpho-cbBTC-USDC-17SEP2026
- Yield accrual
- Fixed to maturity for principal holders, variable for yield holders
