Along with the market, Pendle's TVL also plummeted🤯

In the past week, Pendle's TVL has decreased by about 43%, from the highest point of 6.24 billion US dollars on June 27 to only 3.54 billion US dollars today📉 Its data panel shows that the average daily TVL has decreased by 123 million US dollars compared with yesterday. The downward trend may not change in the short term due to the impact of the market.

The biggest reasons should be two points

1️⃣ 06.27 A large number of LRT PTs expired, resulting in capital withdrawal: Sun Ge alone redeemed 293 million US dollars of tokens

2️⃣ PT/YT yields plummeted, and everyone was generally tired of the points game: PT yields fell below 10%, and the new coin launch of the staking agreement was lower than expected, which significantly reduced the demand for YT purchases

Are you still participating in Pendle now? 🤔