Understand the picks and shovels concept Yield is everywhere. Pendle grows if the partners grow pendle is inevitable
pendle controls $11b in yield markets and generates $72m annual revenue yet trades at $866m market cap. morpho deployed $517m through pendle. aave has $2.1b in pendle collateral. hyperliquid pushed $1.3b through their markets in 6 weeks. protocols need pendle to function. market prices it like another farm token.
1.85K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.