Pendle inspires Defi-Community: $ 58 million TVL in just one month thanks to innovative return strategies

<p> <strong> Pendle inspires Defi-Community: $ 58 million TVL in just one month thanks to innovative return strategies </strong> </p>

Pendle: Success in the Defi area with innovative return strategies

Pendle recently sparked the interest of the defi community, especially in the Sonic network. Just one month after its introduction, the protocol achieved a remarkable total value of $ 58 million (TVL), which is not only an impressive number, but also reflects the trust of the users in this platform.

Multi-return strategies as the key to success

The impressive increase in the user acceptance is due to the innovative multi-reigned strategy of Pendle. Instead of restricting yourself to a single method, Pendle combines several approaches, including Principal Token (PT), Yield Token (YT) and liquidity provision (LP). This flexible design enables users to use their assets more effectively without being bound to conventional staking methods, which are often perceived as little exciting.

On the Sonic platform, Pendle also supports a variety of derivative assets, including Liquid Staking tokens (LST) such as STS, WOS and WANS. This diversification significantly strengthens the user experience.

Expansion of the offer: from stable coins to BTC and ETH

Pendle has specialized in offering algorithmic stable coin assets, in particular Endc (von Aave) and WStkscusd (from the ring protocol). These stable coins offer users the necessary stability to act safely in a volatile market. In addition, the support for BTC and ETH assets, including the Solvbtc.BBN and WStksceth assets, was added, which further enriches the offer from Pendle and makes the platform more attractive for users.

attractiveness of the Yield Token Strategy

The Oracle Yield Token (YT) strategy has aroused particular interest and is considered particularly promising by many users. The main reason is the favorable cost-benefit ratio: low fees paired with attractive return opportunities. This strategy can be compared with the purchase of an inexpensive lottery -free, but with an increased probability of winning. The balance between risk and return makes the YT strategy extremely popular.

Boros: Linking Tradfi and Defi

An important element in Pendles development is the introduction of Boros, a platform that aims to maximize the return trade activities. Boros enables dealers to quickly access different types of returns, from traditional financing to blockchain-based systems. This practical solution saves time and makes access to financial products easier than ever.

Strategic integration with the Mantle Network

In March 2024, Pendle announced an important strategic integration with the Mantle Network. This cooperation opens up additional earnings options for users by using assets in the Mantle ecosystem. This not only improves the functionality, but also the range of Pendle is expanded to various layer-2 networks next to Ethereum.

FAZIT

Overall, Pendle shows with his advanced approaches and the broad support of various assets that the platform is well positioned in order to continue to be successful in the defi sector. At the editorial deadline, the equalization course was about $ 2.74, with an increase of 2.70% in the last 24 hours and 31.90% last week.