Pendle went from 0.8 to 1-1.2 USDT, a steady 20%
“Pendle Earn” just replaced the old “discounted assets” narrative. It always amazes me, including this major update. Billions of dollars from institutional money are flowing in by changing the narrative.
Pendle went from 0.8 to 1-1.2 USDT, a steady 20%
3 bullish views for recent upgrades.
Pendle Earn is a new product aimed at mass adoption, similar to the CeDeFi experience, but it is fully on-chain and generates real returns. It simplifies the information of "fixed income" services and institutional participants can understand it in milliseconds. Here are my thoughts:
1/ Pendle will be the next product to reach $1 billion in TVL. Although it may seem exaggerated, the BD team is aware of the pain point of bringing liquidity with “discounted assets”. By moving to CeDeFi UI+ built on-chain, it will eliminate the pain point.
Imagine institutional players seeing this CeDeFi-like interface. They will immediately grasp how it works. But this time, the product will not fail because of asset misappropriation like other centralized entities have in the past.
2/ Everyone will use Pendle without even realizing it is an innovation from Pendle. There are multiple Earn products on CEX that allow users to deposit ETH into these platforms. Also, they have a greater chance of accessing Pendle Earn through the CEX UI in the future.
3/ More opportunities for YT traders As new users use Pendle Earn, PT purchases continue to increase. PT prices will rise, creating buying opportunities for YT traders who think YT is undervalued.
