.Pendle_fi has seen a 300% rise in total value locked since the start of this year as traders look to passively capture market returns. By shauryamalwa
amid renewed interest from traders looking to passively capture market returns.DeFiLlama data
Staked ether dominates the holdings, taking up 27% of all capital on Pendle, followed by GMX protocol’s glp tokens at 18% and by dai stablecoins at 16%.annualized on ether and ether derivative tokens. These have a maturity period that ends in late 2023 or early 2024. This is done by wrapping yield-bearing tokens into a standardized yield token, that token is then wrapped into a principal token and yield token which can be traded on the open market.
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