Pendle

Pendle splits the volatility and principal of interest-bearing assets by introducing yield tokenization and trading, bringing a new participation paradigm to the entire LSD.

Pendle's multi-collateral pool and risk management features enable users to manage risks more effectively and hedge potential losses, thereby reducing volatility and risk in the DeFi market.

With the passage of the ETH ETF, a large amount of funds will flow into ETH, promoting the development of the LSD/LSDfi ecosystem. As part of this ecosystem, Pendle will benefit greatly from it.