A Dynamic Incentive campaign pays two bonus APRs on one Pendle market, funded by you, in a reward token you pick. You draw the curve; your budget decides how much of it gets funded.

How it works

• PT bonus starts high, decays to 0% as the pool fills to the Fully Funded Cap. Pays the first people in.
• YT bonus starts low, rises to a ceiling at the cap. Pays yield buyers as the pool gets deep.
• Rates track the pool's high-water mark, not live TVL. The YT bonus only ratchets up. It does not fall back when TVL leaves.
• No end date. Runs from launch to market maturity. No date range, no per-user quota.
• APR, never APY. Paid per epoch, claimed manually on the Pendle dashboard. Nothing compounds.
• It stacks on top of Extra Incentive campaigns for YT, LP and SY. The bonus is already in the APY on the public market page, so count it once.

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Rate maxed (high-water mark hit the cap, APR locked) and pool full (no room to deposit right now) are different states. A pool can be one without the other.

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Before you start

• [ ] Reward token, on the market's chain
• [ ] A TVL ambition for the pool
• [ ] A budget, or a target APR to work back from
• [ ] A funding wallet. A treasury multisig works, no portal account needed.

Step 1 · Click Design campaign