15h ago
pendle hit $4.25m monthly revenue splitting yield from principal. treasury managers locking 15% fixed on stablecoins through PT tokens for 6 months. 21shares launching pendle etp on swiss exchanges because institutions need yield certainty not gambling. $4.25b tvl across 150 pools and traders buying discounted PT today to collect full principal plus locked yield at maturity. the fixed income market crypto actually needed.
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