# deUSD checklist for Listing on Pendle

**URL:** https://forum.elixir.xyz/t/deusd-checklist-for-listing-on-pendle/91
**Category:** Ideas Lab
**Created:** [April 28, 2025, 6:10am UTC](https://forum.elixir.xyz/t/deusd-checklist-for-listing-on-pendle/91 "2025-04-28T06:10:02Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![GOMPANG](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.elixir.xyz/gompang/32/19_2.png) [@GOMPANG](https://forum.elixir.xyz/u/GOMPANG)
#### Post date: [April 28, 2025, 6:10am UTC](https://forum.elixir.xyz/t/deusd-checklist-for-listing-on-pendle/91/1 "2025-04-28T06:10:02Z")

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In response to the demand for a Pendle listing—and with Pendle soon to be fully open, community-driven([https://x.com/pendle\_fi/status/1915752715487232129](https://x.com/pendle_fi/status/1915752715487232129))

I have researched a checklist to prepare for it.

| # | Criterion | deUSD / sdeUSD Status | Gaps / Action Items |
| --- | --- | --- | --- |
| **1** | **ERC-4626 or other non-rebasing yield token** – SY wrapper can’t accept rebasing assets. | _Partial_ – **sdeUSD rebases** ; a wrapped fixed-supply version (e.g., **wsdeUSD** ) is required. | Deploy & audit `wsdeUSD`. |
| **2** | **Transparent, stream-based yield model** – deterministic accrual (staking, T-Bills, funding). | **Yes** – delta-neutral funding + sUSDS T-Bill yield published on-chain. | – |
| **3** | **≥ USD 10 M TVL or ≥ USD 500 k liquidity incentives** to ensure depth on launch. | **Yes** ≈ USD 180 M supply | – |
| **4** | **≥ 2 Tier-1 audits + bug-bounty** to limit smart-contract risk. | **Yes** – Quantstamp & Trail of Bits audits + Immunefi program. | – |
| **5** | **Dedicated curator (risk manager)** – Pendle Core or Gauntlet governs pool parameters. | **Yes** – deUSD&sdeUSD partnered Gauntlet & Morpho vaults . | |
| **6** | **Deployment on Pendle-supported chain** (ETH, Arbitrum, Optimism, Base). | **Yes** – ERC-20 on Ethereum Mainnet. | – |

**The six items above are not definitive; they’re simply the minimal common factors shared by most yield product listed on Pendle so far**

**deUSD** alone passes the non-rebase rule, **but it carries no streaming yield inside the token** ,  
so Pendle cannot split it into PT/YT. But **sdeUSD meets nearly every requirement.**  
Real-time on-chain oracle feeder arrangements were excluded because it is under technical-support matter.