Composability isn't just a buzzword—it's how real capital moves in DeFi. Pendle operates as a fully integrated protocol, not isolated infrastructure.

The mechanics tell the story. Principal Tokens function as versatile collateral across the ecosystem. Yield Tokens transform into leverage instruments for yield-seeking strategies. Meanwhile, fixed rate mechanics get baked into complex trading strategies, creating new angles for portfolio optimization.

The pools pulling the most liquidity right now reveal where capital is actually flowing. These aren't random destinations—they represent where traders see genuine yield opportunities and risk-adjusted returns. When capital congregates this heavily, it signals both protocol strength and market conviction in the underlying DeFi infrastructure.