According to CoinMeta, PENDLE announced that its first income trading market has been launched on the Robinhood chain, providing fixed and variable income positions for SNET holders, with the market expiring on September 17, 2026. In a announcement on September 4, PENDLE stated that its protocol is now in effect on the Robinhood chain, adding fixed-income products and income trading. This deployment starts with a SNET market, and PENDLE plans to introduce more products as the ecosystem develops. The protocol of PENDLE packages the supported income assets through a standardized income format, then divides the positions into principal tokens and income tokens.