We are excited to introduce Pendle, an on-chain yield asset aggregator that enables the separation and trading of future yield.
In 2020, real economic value has been created in DeFi through lending platforms (e.g. Aave and Compound), smart pools (e.g. Curve and Balancer), and on-chain strategies (e.g. Yearn and Harvest). These platforms all play a different role in the DeFi ecosystem, but the common thread binding them together is the focus on yield capture. While there are numerous benefits, yield is extremely fickle and volatile, even more so in the young and evolving DeFi ecosystem.
Pendle aims to leverage on…
It’s been another busy month over at Pendle! Here are the main highlights of August.
The main dish for this month was Sushi! That is, we now support Sushi LP tokens, introducing a new utility for these tokens. Users are now able to trade and hedge swap fees and speculate on impermanent loss with Pendle.
On top of that, we introduced (Pe…
TLDR: To lock swap fees, deposit your Sushi LP (SLP) into Pendle to mint YT and OT. Sell the YT immediately and redeem the underlying SLP at expiry.
Last week, we introduced swap fee trading to the DeFi ecosystem following the support for Sushi LP tokens. We’ve seen the implied yield of the YT-ETHUSDC pool fluctuate since the release, providing a healthy amount of opportunities.
In this case study, we dive deeper into locking the future swap fees from the ETHUSDC pool on Sushiswap with $100k initial capital. …
Alongside our support for LP tokens, we’re excited to announce our NFT campaign in conjunction with Galaxy! We’d like to thank everyone who has participated in our protocol with these exclusive Pendle Crew NFTs. Head over here to claim your mystery boxes! (Psst.. There’s a fun prize waiting for you once you collect the full Crew)
Interacting with our contracts will entitle you to different mystery boxes, where a random NFT will be issued upon claiming. We have two mystery boxes, each containing five NFTs. You’ll be able to claim up to seven of each box per week.
We are currently upgrading staking functions of selected pools to improve integration with other protocols between August 19 and August 26. The following pools will be affected:
During this period, rewards for the pools will continue to be tabulated and accounted for. They will be distributed retroactively to all OT liquidity providers.
Markets are active and working as normal. Users can continue providing liquidity and receive rewards.
Between now and August 26, staking on the affected pools will not be required.
If you have staked SLPs of the abovementioned pools prior to August 19 UTC 12am…
TLDR: (Pe,P) for Pendies.
Inspired by our Ohmie friends across the metaverse, (Pe,P) is the first offering we have for long-term Pendle holders to contribute to the protocol and be rewarded for it.
A key asset we’re supporting is the PENDLE/ETH Sushiswap pool, which we refer to as Pe for short.
Users can provide liquidity for OT-Pe and YT-Pe, which will trade against PENDLE as the base asset. This results in trading pairs: OT-Pe / PENDLE and YT-Pe / PENDLE. Hence, (Pe,P)
(Pe,P) achieves 3 things:
Yield tokenization for Sushi LP tokens is here!
When Pendle launched in June, we started with the aim of bringing optionality and capital efficiency to the lending markets in DeFi. This was accomplished by allowing the tokenization and trading of yield from Aave and Compound assets on our AMM, letting traders make direct bets on the direction of lending market yields.
We’re now extending this utility to yield-bearing assets from decentralized exchanges, starting with Sushi LP tokens.
This integration introduces a new…
The Crypto.com community can now access and be notified of the latest news from Pendle!
Users can access this feed through Pendle’s price page on Crypto.com to stay updated on all the latest happenings with Pendle on top of the latest price, market cap and trading volume.
This integration follows our listing on Crypto.com in late July 2021. As one of the major players in the industry, listing Pendle on Crypto.com breaks down the barrier for many DeFi users to take part in our ecosystem.
Pendle is a protocol that enables trading and hedging of future yield on an AMM…
Pendle has brought yield trading to DeFi in June upon the launch of mainnet, here are some of the things we’ve achieved since launch!
Partnerships and integrations have been high on our priority list to improve user experience and allow more options for users. We recently launched Pendle…