Pendle

DeFi

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/pendle-achieves-significant-milestone-in-defi-sector/" data-wpel-link="internal">Pendle Achieves Significant Milestone in DeFi Sector</a> 
The decentralized <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">finance</a> (<a href="https://coin-turk.com/populer-kripto-paranin-basi-dertte-analist-projenin-olumunu-ilan-etti" data-wpel-link="internal">DeFi</a>) platform Pendle has marked a significant milestone by reaching nearly $1 billion in total locked value (TVL) over the last six months in the liquid restructuring tokens field. This situation also serves as an answer to why the Pendle price has shown effective increases recently. 
<h2 style="text-align: justify" id="pendle-reaches-a-significant-milestone">Pendle Reaches a Significant Milestone</h2> 
Pendle operates as a groundbreaking price discovery tool by splitting DeFi investments into principal tokens (PTs) and yield tokens (YTs). This unique framework facilitates the trading of future yields and principal in the open market, allowing investors to speculate on future yield rates and secure them. 
A developer at Pendle, RightSide, stated during an interview on Telegram, “The flow of interest in Liquid Restaking Tokens has been the primary catalyst behind Pendle’s recent growth.” 
Liquid restaking token financing (LRTFi) represents an emerging DeFi sector that provides liquidity for staked assets through the issuance of liquid restaking tokens (LRTs). This innovation allows users to earn rewards while their original assets remain locked to secure network services. 
<h2 style="text-align: justify" id="strategic-expansion-move">Strategic Expansion Move</h2> 
During the Telegram interview, RightSide also mentioned, “Pendle stands as one of the pioneers in LRTFi, offering a unique opportunity for users to speculate on EigenLayer yields and scores.” 
With a strategic expansion move, Pendle recently integrated with the <a href="https://en.coin-turk.com/binance-coin-bnb-price-analysis-and-forecast/" data-wpel-link="internal">BNB</a> chain to widen its scope and accessibility. The platform also diversified its offerings by providing products that allow users to benefit from real-world assets (RWAs), enhancing its value proposition in the evolving DeFi landscape. 
This significant milestone underscores Pendle’s important role in reshaping the DeFi environment by offering innovative solutions that meet the increasing demand for liquidity and yield optimization. As the platform continues to expand its reach and enhance its offerings, it remains steadfast on its journey to democratize financial access and create a revolution in DeFi ecosystems. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-313031 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/pendle-usdt-cointurk.png" alt="" width="1564" height="836"> 
At the time of writing this article, we see that the Pendle price has increased by 0.99%, trading at $2.87. Considering that the price was at $3.32 two days ago, there has been a pullback of approximately 20% in Pendle. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/pendle-achieves-significant-milestone-in-defi-sector/" data-wpel-link="internal">Pendle Achieves Significant Milestone in DeFi Sector</a></h5>

Pendle Achieves Significant Milestone in DeFi Sector

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