Reported 8 months ago
Pendle Finance, a decentralized finance project, has gained billions by incorporating a classic bond market technique with a modern crypto marketing approach. By dividing yield-bearing cryptocurrencies into two tokens, similar to separating principal and interest payments in the bond market, Pendle Finance has attracted around $6.4 billion in assets. The integration of loyalty points programs has further fueled demand, establishing a secondary market for trading crypto points and yields. Despite criticism for increasing risks in DeFi, Pendle aims to provide clarity on returns and offer certainty in annual percentage yields in response to the growing influx of money into the crypto sector.
Source: YAHOO