According to DLNews, Pendle's total locked value (TVL) has fallen 40% in the past week. Since Wednesday, users have withdrawn nearly $3 billion, mainly liquid heavy-stake tokens. Ian Unsworth, founder of Kairos Research, said this was partly due to the expiration of some products, which happened to be concentrated in the expiration of the top five liquid heavy-stake tokens at the same time. The large-scale withdrawals reflect the user's waning interest in heavy-stake airdrops. In addition, Renzo's points program is about to end at the end of July, which will further make users re-evaluate whether to lock tokens.
