Why did Pendle surge? The secret of the quadruple interest-bearing product

The price of Pendle surged because Solv, Babylon, Pendle and Corn jointly created a quadruple Bitcoin interest-bearing product, which officially entered the BTCFi field.

After SolvBTC.BBN (Corn) was launched on Pendle, the TVL quickly exceeded 26 million US dollars, and the yield of liquidity providers remained at 30%. This product is attractive because it is the best Bitcoin interest-bearing product on the market.

There are four benefits: Solv points, Babylon points, Corn points and Pendle rewards. Solv and Babylon are approaching TGE, and Pendle provides the last chance to get high-multiple points in the rush stage.

If you participate,

PT can get a fixed income of 8% by staking SolvBTC.BBN;

YT has 53 times Babylon, 153 times Corn, and 712 Solv points;

LP has an annualized rate of return of 30% (including Pendle rewards).

In terms of choice, if you want a fixed income, choose PT;

If you want more points, choose YT, because Babylon and Solv are close to TGE, and currently buying YT is almost a sure win, with high potential returns.

According to Pendle's internal data, if the market value of Solv, Babylon and Corn reaches 1 billion, the APY of buying YT may reach about 500%; if you want to take into account both points and returns, especially users who want to obtain Pendle tokens, choose LP.