Pendle Completes $918 Million Redemptions, Successfully Passes Major Stress Test

According to BlockBeats, on August 2, Pendle said that the $1 billion market product expired on July 25, which was the second largest expiration event in the history of the protocol. Within a week, the platform completed $918 million in redemptions and successfully passed a major stress test.

Some user benefits are as follows:

0xf2e · Main strategy: Buy PT-USDe (fixed income) from April 3 to 8 · Position: ~$11.4 million · Profit: +$1.09 million (9.6%)

0x638 · Main strategy: Buy PT-USDe (fixed income) from April 3 to 22 · Position: ~$4.96 million · Profit: +$743,000 (15%)

As of now, about 92% of the expiring positions have been redeemed, and more new products are coming soon.