---
title: "Hold Pendle YT or LP of stETH from the SY Fusion stETH looping Ethereum market"
description: "Earn rewards by depositing stETH into Pendle and holding the Yield or LP Token on Ethereum"
canonical: "https://app.merkl.xyz/opportunities/1964774767554705431"
chain: "Ethereum"
protocol: "Pendle"
type: "ERC20LOGPROCESSOR"
page: 1
items: 25
totalPages: 1
updated: 2026-05-31T10:19:35.000Z
---

# Hold Pendle YT or LP of stETH from the SY Fusion stETH looping Ethereum market

## Back to

- [Opportunities index (HTML)](https://app.merkl.xyz/)
- [Ethereum chain (markdown)](https://app.merkl.xyz/chains/ethereum.md)
- [Pendle protocol (markdown)](https://app.merkl.xyz/protocols/pendle.md)

Earn rewards by depositing stETH into Pendle and holding the Yield or LP Token on Ethereum

## Key metrics

- **Total Value Locked**: $123.69
- **APR**: 0.00%
- **Native APR**: —
- **Daily rewards**: $0
- **Live campaigns**: 1
- **Chain**: Ethereum
- **Protocol**: Pendle
- **Protocol trusted**: Yes — verified by DefiLlama (https://defillama.com/protocol/pendle)

## Tokens

- [stETH](https://app.merkl.xyz/tokens/stETH.md)
- [SY-fusnstETH](https://app.merkl.xyz/tokens/SY-fusnstETH.md)

## Campaigns — page 1 of 1 (3 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [34594506…](https://app.merkl.xyz/opportunities/1964774767554705431/campaigns/3459450664323569989.md) | live | [ipor-fusion-points-s2](https://app.merkl.xyz/tokens/ipor-fusion-points-s2.md) | 0.00% | $12.4 | 2026-05-31 | 2026-07-31 |
| [14224159…](https://app.merkl.xyz/opportunities/1964774767554705431/campaigns/14224159349395687176.md) | past | [ipor-fusion-points](https://app.merkl.xyz/tokens/ipor-fusion-points.md) | 0.00% | $0 | 2026-02-28 | 2026-05-31 |
| [12157416…](https://app.merkl.xyz/opportunities/1964774767554705431/campaigns/12157416550506122468.md) | past | [ipor-fusion-points](https://app.merkl.xyz/tokens/ipor-fusion-points.md) | 0.00% | $0 | 2025-12-31 | 2026-02-28 |

## Participate

- [Deposit](https://app.pendle.finance/trade/markets/)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/1964774767554705431)
- [Ethereum chain page](https://app.merkl.xyz/chains/ethereum)
- [Pendle protocol page](https://app.merkl.xyz/protocols/pendle)