Pendle

Token

World

Billion

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/pendle-protocols-holdings-soar-to-1-billion-with-increased-demand-for-liquid-re-stakable-tokens" rel="noopener noreferrer nofollow">Pendle Protocol’s Holdings Soar to $1 Billion with Increased Demand for Liquid Re-stakable Tokens</a><br></p>
<p style="text-align: justify">Pendle, a decentralized finance protocol, has seen a significant increase in its total value locked (TVL), which has surged to nearly $1 billion. This notable growth in assets under management is largely attributable to the heightened demand for liquid re-stakable tokens. Pendle has been swiftly adapting to market needs, recently announcing support for prominent platforms such as the BNB Chain and integration of Real World Assets (RWA).</p>
<h2 id="surge-in-pendle-s-tvl-attributed-to-innovative-token-strategy">Surge in Pendle’s TVL Attributed to Innovative Token Strategy</h2>
<p style="text-align: justify">DeFiLlama reports that the TVL of Pendle, which is recognized for providing yield through tradable tokens, has soared to $990 million. The protocol differentiates itself by offering a split between principal tokens (PTs) and yield tokens (YTs), which facilitates the trading of anticipated yields and principals on the market. This unique approach has empowered investors to speculate on forthcoming yield rates and securely invest in the DeFi space.</p>
<p style="text-align: justify">A Pendle developer, known as RightSide, shared in a Telegram interview that the key driver for the protocol’s uptick in TVL was the burgeoning interest in liquid re-stakable tokens. This niche has seen a rapid rise in popularity as it caters to the market’s need for liquidity while maintaining asset <a href="https://en.bitcoinhaber.net/us-south-korea-and-japan-discuss-north-koreas-cryptocurrency-heists-in-security-meeting" rel="noopener noreferrer nofollow">security</a> within the network.</p>
<h2 id="pendle-pioneers-new-sector-in-defi-markets">Pendle Pioneers New Sector in DeFi Markets</h2>
<p style="text-align: justify">Pendle has positioned itself at the forefront of the emerging sector of liquid re-stakable token finance (LRTFi). This sector is characterized by its provision of liquidity for assets that are otherwise locked in staking, while still enabling users to reap rewards. Pendle’s innovative model is particularly adept at offering opportunities for users to engage in yield speculation through EigenLayer.</p>
<p style="text-align: justify">Further solidifying its role as an innovator, Pendle has expanded its reach to the BNB Chain and has developed offerings that capitalize on the advantages of Real World Assets, diversifying the potential for user investment and yield generation.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/pendle-protocols-holdings-soar-to-1-billion-with-increased-demand-for-liquid-re-stakable-tokens" rel="noopener noreferrer nofollow">Pendle Protocol’s Holdings Soar to $1 Billion with Increased Demand for Liquid Re-stakable Tokens</a></h5>

Pendle Protocol’s Holdings Soar to $1 Billion with Increased Demand for Liquid Re-stakable Tokens

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