- Pendle reached $ 58 million TVL on Sonic just a month after his introduction thanks to flexible return strategies.
- It supports stablecoins, BTC and ETH assets as well as staking, which increases the benefits of Defi in all networks.
Pendle recently attracted the attention of the Sonic network. According to information, the protocol has only one month after the start Dune achieved a total value of $ 58 million (TVL). This is not only a large number on paper, but also reflects the undoubtedly great trust and the enthusiasm of the defi community.
Pendle is successful with a multi-return line
There is an unusual strategy behind this upswing. Pendle not only relies on one approach, but also combines several return strategies such as Principal Token (PT), Yield Token (YT) and liquidity provision (LP). This combination enables users to use their assets much more flexibly without being bound to traditional staking methods that can sometimes feel boring.
On Sonic, Pendle is now supporting a variety of derivative assets, including Liquid Staking tokens (LST) such as STS, WOS and WANs.
From end of end to Solvbtc: Pendle covers more terrain
In addition, Pendle also supports algorithmic stable coin assets from two different protocols, namely Endc (from AAVE) and WSTKSCUSD (from Rings Protocol). The presence of these stable coins ensures the stability that users need to play safely in the middle of a market that can go up and down like a roller coaster.
In addition, the support for BTC and ETH assets, including SolvBTC.BBN and WStksceth, was added, which expands the product range and strengthens the attractiveness of the platform.
Why steal the show of returns token others
However, what attracted most attention was the Yield Token (YT) strategy. Many users consider YT to be the most promising option.
The reason is simple: low fees, high chances of return. In the real world, it is like buying a cheap lottery one, but with a higher chance of winning. The balance between risk and yield makes this strategy so popular.
Boros bridges Tradfi and Defi in one place
As CNF reported 24 in December, Pendle Boros introduced a new platform to maximize return trade activities.
From traditional financing to blockchain-based systems, this platform enables retailers quickly access to many types of return. Imagine you can open an application and select ETH operational results or banking interest without physical travel. Time -saving and pragmatic.
Pendle: New yield paths through the Mantle Gateway
In March 2024, Pendle also announced strategic integration with Mantle Network. This partnership offers users additional ways to achieve income by inserting assets in the Mantle ecosystem. This not only offers functions, but also increases the range of Pendle to several Layer-2 networks next to Ethereum.
At the editorial deadline, Pendle’s course was around $ 2.74, which corresponds to an increase of 2.70% within the last 24 hours and 31.90% within the last 7 days.
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