PENDLE ATTRACTS OVER $125M IN TVL WITH ‘DISCOUNTED ASSETS’

Summary from the TLDR Crypto newsletter

DeFi protocol Pendle’s TVL hit an all-time high of $127M this week, with inflows having increased since the Shanghai upgrade. On top of that, Pendle's token, PENDLE, is up more than 1,700% this year. Pendle recently updated to its v2, helping increase efficiency by combining principal and yield tokens into one pool for improved trading volume growth. Pendle's unique approach separates both yield and principal, attracting conservative investors and speculators alike. Binance recently listed PENDLE, which also accelerated the project’s growth.