Only one month after the launch, according to Dune, the Pendle protocol has included a total value of $ 58 million (TVL) of $ 58 million. This is not only a large number on paper, it also reflects a lot of confidence and excitement in the Defi community. There is an unusual strategy behind this wave. Pendle does not rely on just one approach, but combines multiple yield strategies such as Principal Token (PT), Yield Token (YT) and Liquuidity Provider (LP).
With this combination, users can use their assets in a more flexible way without being bound by traditional expansion methods, which can sometimes seem boring. On Sonic, Pendle now supports a variety of derived assets, including liquid reinforcement sticks (LST) such as STS, WOS and Wans.
Pendle also supports algorithmic stablecoin assets of two different protocols, namely AUSDC (from Aave) and WSTKSCUSD (from Rings Protocol). Having these stablecoins offers the stability that users must safely play a market that can rise and fall as a roller coaster. Support for BTC and ETH assets has also been added, including Solvbtc.bbn and WSTKSCETH, which further expanded the supply and attraction of the platform.
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