real utility for $pendle in defi: collateral for loans on teller
🧵4/6 PENDLE
$PENDLE does something very interesting: it allows you to trade your yield rights separately. It sounds complicated, but it's actually very practical.
For example, if you have an asset that generates yield, PENDLE can split it into two parts: the principal and the future yield rights. This way, you can sell the yield rights in advance for cash, or specifically buy yield rights to aim for high returns.
TVL skyrocketed from 15 million to 5 billion, a 300x increase is no joke. Moreover, this method has a high technical barrier, not everyone can replicate it.
Currently at 3.4, I think 5-7 is reasonable. The tokenization of yield is still in its early stages, and PENDLE is considered a pioneer.
usdc / $pendle lending pair 👇
20.14K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.