Pendle expands one-click looping to tokenized stocks on Base

Pendle Finance has extended its one-click looping feature beyond crypto-native yield assets. On October 22, 2026, the protocol launched PendleLoop, a tool that lets users open leveraged long positions on tokenized US stocks on the Base network. What PendleLoop actually does PendleLoop relies on Aave V4 for the borrowing side of the trade. Users deposit a stock token as collateral, borrow USDC against it, and the tool routes that USDC back into more of the same stock token. Seven stock tokens are supported at launch: AAPLc (Apple) AMZNc (Amazon) GOOGLc (Alphabet) METAc (Meta) MSFTc (Microsoft) NVDAc (Nvidia) TSLAc (Tesla) Leverage ranges from 2.6x to 4.2x, depending on which stock token a user picks. Different assets carry different leverage ceilings, so a looped position on one name will not necessarily look like a looped position on another. On Aave, these stock tokens function as collateral-only assets. You can post them to borrow against, but you cannot borrow them. A fee holiday to get things moving To encourage adoption, Pendle is waiving fees on non-PT loops until December 31, 2026. The stock token loops fall into that category, so early users get the leverage without the pro...