The first application layer protocol connecting Instagram and Web3 @CygnusFi currently has a TVL of 1.35 billion, a 50% increase from 900 million at the beginning of April. Its stablecoin $wcgUSD has officially integrated with the DeFi interest derivative protocol Pendle. Users can now deposit wcgUSD through the Keep YT mode, minting principal tokens (PT) and yield tokens (YT) without loss. PT earnings + transaction fees + Pendle incentives + Cygnus points, a win-win situation.
Thrilled to announce Cygnus is now being listed on @pendle_fi — the leading permissionless yield-trading protocol that empowers users to execute a wide range of advanced yield strategies. This collaboration brings wcgUSD to @pendle_fi , marking a major step forward in our stablecoin push. Users can now deposit wcgUSD into Pendle to mint LP wcgUSD and YT wcgUSD — unlocking access to underlying yields, PT yields, and Cygnus points all in one go. Looking ahead, we're excited to deepen integration and explore more ways to supercharge stablecoin utility, liquidity, and yield opportunities for our community. Onward. wcgUSD on Pendle is now live — jump in: • Trade wcgUSD on Pendle: • Join the Points Market for wcgUSD:
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