Pendle has virtually reached $1 billion in complete worth locked, with most of that worth locked in throughout the final six months.
This surge in curiosity comes because the market seems for extra alternatives for liquid restaking tokens.
Pendle lately added help for the BNB chain and real-world property (RWA)
Pendle, a decentralized finance (DeFi) platform that gives yields within the type of tradable digital tokens, has reached $990 million in complete worth locked (TVL), in line with DeFiLlama information.
Pendle operates as a value discovery device by separating DeFi investments into principal tokens (PTs) and yield tokens (YTs), permitting for the buying and selling of future yields and principal on the open market, thus enabling buyers to invest on and lock in future yield charges.
“The inflow of curiosity in [Liquid Restaking Tokens] has been the principle driver behind Pendle’s current development,” Pendle developer RightSide stated in an interview on Telegram.
Liquid restaking token finance (LRTFi) is a brand new DeFi subject that enables for the liquidity of staked property by way of the issuance of liquid restaking tokens (LRTs), enabling customers to earn rewards whereas their authentic property are locked up for securing community companies.
“Pendle’s one of many earliest pioneers of LRTfi, providing a novel proposition for customers to invest on EigenLayer yields and factors,” Pendle continued in a Telegram interview.
Lately, Pendle expanded to the BNB chain and has begun providing merchandise that permit customers to leverage real-world property (RWA).
