Pendle Finance has launched PendleLoop, a tool for opening leveraged long positions on seven tokenized US stocks on the Base network. The feature utilizes Aave V4 for borrowing USDC against stock token collateral.
The available leverage for these positions varies between 2.6x and 4.2x, depending on the specific asset. These stock tokens are classified as collateral-only assets on Aave, meaning they cannot be borrowed.
To incentivize usage, Pendle has waived protocol fees for non-PT loops until December 31, 2026. After this date, users will be subject to both borrowing costs and standard protocol fees.
This development follows the August 2026 launch of Coinbase Tokenized Stocks on Base. In mid-October 2026, Pendle previously added GOOGLc and NVDAc to its yield markets with $20 000 in incentives.
