Pendle is a product that separates principal and interest.
In the traditional financial field, the business volume of separation of principal and interest is very large.
Many large funds do arbitrage by separating principal and interest.
The LSD assets and RWA assets of the currency circle are extremely suitable for products with separation of principal and interest.
pendle is the leader of this subdivision track
Go online in 2021 when defi is very popular
However, since the underlying assets of defi do not have substantial interest-earning nature, the business has not been launched. Pendle really developed after the upgrade in Shanghai
After the free circulation of LSD assets began, pendle included LSD assets in the sector
The day before yesterday, pendle received investment from Binance and cooperated with mkr and fuel to launch rwa’s new business.
Directly covers the two businesses of lsdfi and rwafi
Two of the three engines that will explode in the future currency circle are rwafi and lsdfi.
pendle has become the big faucet that injects water into the currency circle and the faucet that blows bubbles in the future.
There are 250 million pendles in circulation and 230 million pendles have a circulation rate of 92% and a market value of US$130 million.
