BlockBeats News: On July 15th, Pendle released its weekly report, stating that it is evolving from a DeFi platform focused on fixed income to a multifaceted institutional level infrastructure, building an ecosystem that operates 24/7 on the chain. Its unique features include:
Pendle V2 upgrade optimization mechanism, supporting over 100 active pools; Pendle PT (Principal Token) has become an important collateral in DeFi, with a current market value exceeding $2.67 billion, and Aave holds over $2.1 billion of PT as collateral; The launch of the Boros platform, which will be launched in the second half of the year, introduces a fully on chain order book, providing efficient capital utilization and diversified trading strategies; Collaborating with the deep integration promotion agencies of Ethena and Converge Chain, over 60% of Ethena's TVL is supported by Pendle.
Pendle's recent developments include:
Terminal, as part of the Pendle ecosystem, has been launched with the aim of providing institutional users with more powerful tools and features. Terminal integrates KYC compliant RWAs (such as BlackRock's BUIDL) and quickly attracted over $60 million in liquidity with Pendle's liquidity support; Morpho opens Pendle LP as collateral, allowing Pendle's liquidity providers (LPs) to use their LP tokens as collateral. This enhances the flexibility of LPs, allowing them to simultaneously earn profits and utilize the value of collateral; The June rewards for vePENDLE will be distributed, and the June rewards for vePENDLE holders will be distributed in the coming days.
