BTCFi Thrives On Pendle, Surpassing $1 Billion TVL
The post BTCFi Thrives On Pendle, Surpassing $1 Billion TVL appeared on BitcoinEthereumNews.com.
Since its launch two months ago, BTCFi on Pendle Finance has experienced explosive growth, with its total value locked (TVL) surpassing the $1 billion milestone. The BTCFi ecosystem continues to flourish, with Pendle commanding an impressive 41% of the total locked value within the ecosystem. Pendle has steadily expanded its offerings, now supporting a variety of assets across multiple blockchains. Among the most prominent pools are SolvBTC.BBN by Solv Protocol and eBTC by Lombard Finance and EtherFi. Pendle’s collaboration with Lombard has also brought LBTC to the Base ecosystem, further broadening its reach and appeal. The platform provides users with innovative ways to maximize their returns using BTC assets. Conservative investors can opt for fixed yields of up to an astounding 9,797%, while those with a higher risk appetite can pursue aggressive strategies, earning up to 54.03% annual percentage yield (APY). These strategies also allow users to accumulate points from supported protocols, adding another layer of rewards for active participants. 🍊#BTCFi on Pendle Since its launch two months ago, #BTCFi on @pendle_fi has seen significant growth, surpassing $1 billion TVL. The BTCFi ecosystem continues to thrive, with Pendle owning 41% of the total locked value. Pendle now offers a variety of assets across multiple… pic.twitter.com/4t755vTaIq — Bitcoin Ecosystem (@BitcoinEcoTK) December 3, 2024 Pendle’s rapid growth underscores its position as a key player in decentralized finance (DeFi), particularly within the BTCFi space. By offering diverse yield opportunities and expanding across ecosystems, Pendle has created a robust platform for investors seeking to optimize their returns on BTC-based assets. With its innovative features and growing adoption, BTCFi on Pendle is shaping the future of DeFi by blending fixed yields, high-APY opportunities, and cross-chain integration. As the ecosystem continues to evolve, Pendle’s role in driving BTCFi adoption is set to grow even further, cementing…
Filed under: News - @ December 5, 2024 9:25 am