DeFi News: Pendle's TVL Hits Record $8.3B After Yield-Trading Platform Debut

DeFi News: Pendle's TVL Hits Record $8.3B After Yield-Trading Platform Debut

Pendle’s total value locked (TVL) has surged to a record $8.27 billion, while its native token PENDLE climbed 45% over the past week to $5.6 on the back of the protocol’s new yield-trading platform.With bitcoin funding rates averaging about 10% annualized this week and roughly $80 billion in open interest, according to Dune data, more than $8 billion changes hands yearly between longs and shorts.Boros packages those yields into tradable on-chain…

Pendle Hits Record TVL as New Yield-Trading Platform Gains Traction

The project’s native token, PENDLE, has surged 45% over the last week to $5.60, far outpacing broader market gains. Boros introduces a new way to speculate on or hedge against crypto funding rates by packaging them into on-chain assets called Yield Units (YUs). These can be used to lock in attractive fixed yields, protect against floating-rate volatility, or take directional bets on future rates. .dark-mode .read-more {background-color: #343a40…

Pendle's TVL Hits Record $8.3B After Yield-Trading Platform Debut

Pendle’s total value locked (TVL) has surged to a record $8.27 billion, while its native token PENDLE climbed 45% over the past week to $5.6 on the back of the protocol’s new yield-trading platform. With bitcoin funding rates averaging about 10% annualized this week and roughly $80 billion in open interest, according to Dune data,... The post Pendle’s TVL Hits Record $8.3B After Yield-Trading Platform Debut appeared first on Daily Truth Report •…