Pendle Weekly Report: A Glimpse into Institutional-Grade DeFi Blueprint, Continued Advancement in Hot Markets and Ecosystem Expansion
BlockBeats News, July 15th, Pendle released its weekly report, transitioning from a DeFi platform focused on fixed income to a multifaceted institutional-grade infrastructure, building an on-chain 24/7 operational ecosystem, with its unique features including:
Pendle V2 upgrade optimization mechanism, supporting over 100 active pools;
Pendle PT (Principal Token) has become a significant collateral in DeFi, with a current market value exceeding $26.7 billion, with Aave holding over $21 billion PT as collateral;
The upcoming launch of the Boros platform in the second half of the year introduces a fully on-chain order book, providing efficient capital utilization and diversified trading strategies;
Deep integration with the Ethena and Converge chains advancing institutional collaboration, with over 60% of Ethena's TVL supported by Pendle.
Recent progress by Pendle includes:
The launch of Terminal as part of the Pendle ecosystem, aiming to provide more powerful tools and features for institutional users. Terminal integrates KYC-compliant RWAs (such as BlackRock's BUIDL) and has rapidly attracted over $60 million in liquidity with Pendle's liquidity support;
Morpho opening up Pendle LP as collateral, allowing Pendle's liquidity providers (LPs) to use their LP tokens as collateral. This enhances LPs' flexibility, enabling them to earn rewards while leveraging the collateral's value;
vePENDLE June reward distribution, with June rewards for vePENDLE holders set to be distributed in the coming days.
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