Pendle 🔥 explains the dynamics in one article, why is it growing? Should I short it?

In the field of cryptocurrency and decentralized finance (DeFi), the Pendle ecosystem has recently ushered in remarkable changes🚀. These changes not only demonstrate its leading position in technology and financial innovation, but also herald the huge potential that may be brought in the future✨.

First, the new yield pool launched by ethena_labs, the sUSDe pool, was officially launched on September 26📅. This yield pool has attracted widespread attention with an annualized rate of return (APY) of up to 638%-1165%, and the returns are still strong even in market fluctuations📈.

At the same time, Pendle launched the pre-release rswETH📡 of Swell L2 on the Ethereum platform. Users can not only enjoy the multiple benefits of Swell pearls and EigenLayer points, but also get additional rewards from staking and re-staking🎁. In addition, the airdrops of Swell and its L2 projects have added additional income channels for users🪂.

In the field of re-staking, the emergence of Karak Network has injected new vitality into the Pendle ecosystem🌟. Through cooperation with Pendle, users can deposit on Karak Network to earn Karak XP💹. This cooperation not only expands the source of income, but also indicates the potential to further increase income by leveraging the mechanism💪.

In terms of governance, Equilibria's EIP#3proposal was successfully passed with the active participation of the community🗳️. The proposal will be implemented in the next three months and will be fully reviewed during this period to ensure that it is in the best interests of the community🔍.

The recent innovations and progress of the Pendle ecosystem demonstrate its strong strength and unlimited potential in the DeFi field🌐. (Also reflected in the hard coin price)

It is recommended to delve into the Pendle project and go short or long at the right time to obtain super high returns👇