📢Blockchain News Flash! DeFi protocol Pendle has recently suffered a large-scale capital outflow, with users withdrawing nearly $3 billion in deposits since last Wednesday, most of which are liquidity re-staking tokens. 😱

On Monday, the total value of user deposits fell to $3.7 billion, and Pendle's total locked value (TVL) fell 40% in the past week. 😨

Why is there such a large-scale capital outflow? Ian Unsworth, founder of Kairos Research, said that these capital outflows are mainly due to the expiration of some products. 🧐

Many products on the Pendle market expired on June 27, including ether.fi's eETH, Renzo's ezETH, Puffer's pufETH, Kelp's rsETH and Swell's rswETH, resulting in a large amount of capital outflow. 😔

It is worth noting that Pendle's capital outflow also affected the related protocol Zircuit, whose deposit value fell by 15% in a week. 🤔

Although Pendle has encountered some difficulties in the short term, we remain optimistic about Bitcoin and look forward to further development of the market. 🚀🚀