The price of Pendle currency has increased significantly recently. Let’s talk about the factors that may be involved.
One of the driving factors behind this is the innovative Bitcoin interest-earning product launched by Solv, Babylon, Pendle and Corn.
As Pendle officially entered the BTCFi field, the market response was strong, especially after SolvBTC.BBN was listed on Pendle, the TVL exceeded 26 million US dollars in a short period of time, and the yield rate of the liquidity provider (LP) remained at 30%, further attracting A large number of users participated.
Why is this product getting so much attention?
Revenue leader:
One of the most attractive Bitcoin interest-earning products currently on the market, providing stable and high-return investment opportunities.
Quadruple rewards:
Participants enjoy quadruple benefits from Solv Points, Babylon Points, Corn Points and Pendle Rewards, making it an attractive all-in-one offering.
Approaching TGE:
Solv and Babylon are about to undergo TGE, and Pendle provides the last opportunity to participate in these high-point points projects, which is more attractive.
How to participate?
PT: Staking SolvBTC.BBN can obtain a fixed annual return of 8%, which is suitable for investors who pursue stable returns.
YT: Get high points rewards, including 53x Babylon points, 153x Corn points, and 712 Solv points. For users looking to maximize their returns, this is an avenue worth considering
LP: Provide liquidity providers with a 30% annualized rate of return (including Pendle rewards), taking into account both income and token rewards.
How to choose an investment method that suits you?
Users pursuing fixed income:
PT is the best option, offering a solid 8% yield.
Users pursuing high returns: YT is suitable for users who want to earn more points, especially now that Babylon and Solv are about to TGE. Buying YT is almost a guaranteed profit. In addition, if the market value of future projects reaches US$1 billion, the annualized return on purchasing YT may be as high as 500%.
Users who consider both income and token rewards: LP provides a reasonable choice, especially suitable for investors who want to obtain Pendle tokens.
