A while ago, I saw a group friend buy a coin $Pendle. Recently, this token has risen sharply, and the group friend has been numb. Today, let's analyze the reasons behind the token's rise. Let's follow this article to see it?
💠First of all, this is a four-fold Bitcoin interest-bearing product jointly created by #Solv, #Babylon, Pendle and Corn. Currently, $Pendle has officially entered the BTCFi field. In addition, SolvBTC.BBN (Corn) launched Pendle, and the TVL quickly exceeded 26 million US dollars, and the yield of liquidity providers (LP) remained at 30%.
💠So why is this product so attractive? It can be attributed to the following three factors: the best Bitcoin interest-bearing product on the market, and then four-fold income: Solv points, Babylon points, Corn points and Pendle rewards, and secondly, Solv and Babylon are approaching TGE, and pendle provides the last chance to get high-multiple points in the rush stage🔥
💠So how to participate? How should we choose and follow?
✅The participation method is as follows, follow the following to participate in staking and other activities:
➡️PT: Staking SolvBTC.BBN can get 8% fixed income
➡️YT: 53 times Babylon, 153 times Corn, 712 Solv points
➡️ LP: 30% annualized rate of return (APY) (including Pendle rewards)
⚠️Note: Users who want fixed income can choose PT, and users who want more points can choose YT.
💠 In addition,#Babylonand Solv are close to TGE. Currently, buying YT is almost a sure win, and the potential income is high. According to Pendle's internal data, if the market value of Solv, Babylon and Corn reaches 1 billion, the APY of buying YT may reach about 500%.
- If you want to take into account both points and income, especially users who want to get Pendle tokens, you can choose LP.