The Pendle protocol has jumped 13% to $3.59 within the worth of its native token $PENDLE after it introduced the inclusion of Bitcoin yield methods in new $BTC swimming pools. Not solely is the worth rising, however neighborhood members are additionally excited concerning the token, with 87% of them displaying sturdy bullish sentiment, in line with Coinmarketcap.
BitMex co-founder Arthur HAYES expressed optimism concerning the launch, betting on $PENDLE to succeed in $10 on social community X: “$PENDLE + $BTC DeFi = $10. Guess.” Pendle, together with Corn, Lambard (LBTC), and Babylon, will unlock new yield alternatives for BTC. The brand new growth will assist Bitcoin holders diversify into the DeFi area and earn rewards with out compromising the liquidity of their holdings.
Pendle CEO TN Lee stated they’re excited to work with numerous BTC yield protocols to open up new alternatives for Pendle customers. They’ve taken the core mounted revenue use circumstances for ETH and are aiming to copy the identical success with BTC. Corn’s LBTC, powered by Lombard, will present liquid BTC staking on Babylon, which is a BTC-focused re-staking infrastructure layer.
Picture: Cryptonica
