According to ChainCatcher, Pendle officials said that vePENDLE holders have started voting on Corn LBTC. LP incentives have taken effect since 8:00 am Beijing time on September 12.
Pendle will unlock new yield opportunities for BTC, including:
PT-LBTC: BTC fixed income;
YT-LBTC: Leveraged exposure using multipliers, namely Corn Kernel (3x) + Lombard Points (3x), and Babylon Points (1x).
Arthur Hayes, co-founder of BitMEX, said that Pendle has launched DeFi combined with BTC, and he has bet that PENDLE will rise to $10.
