The first application-layer protocol to bridge Instagram and Web3 @CygnusFi TVL is currently 1.35 billion, up 50% from 900 million at the beginning of April Its stablecoin $wcgUSD has officially integrated the DeFi interest rate derivative protocol Pendle, and users can now deposit wcgUSD through the Keep YT mode to mint principal tokens (PT) and yield tokens (YT) without loss PT Earnings + Transaction Fees + Pendle Incentives + Cygnus Points.
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:
Show original
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.