According to BlockBeats, on September 12, Pendle officials announced that vePENDLE holders’ voting for Corn LBTC has begun. LP incentives took effect at 8:00 am Beijing time on September 12.
Pendle will unlock new yield opportunities for BTC, including:
1. PT-LBTC: BTC fixed income;
2. 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.
