Pendaavethena is more than just hype - it's a full blown DeFi love story where EVERY party wins:.
đ @ethena_labs has $3.5b in circulating $sUSDe
đ @pendle_fi captures 57% of this with $1.8b in PT-sUSDe
đ @aave captures 72% of this with $1.3b in collateralized PT-sUSDe.
As a yield-bearing stablecoin, the Pendethena connection is VAST.
YTs let users speculate on points AND yield.
PTs let users earn fixed returns at a PREMIUM thanks to 'priced in' points.
The whole is greater than the sum of parts!
High yield collateral like PT-sUSDe have greater propensity to borrow vs. other assets.
As the De Facto DeFi reserve bank, PTs on Aave are a natural fit.
What happens when caps go higher?
The DeFi risk-free rate as defined by Aave likewise increases.
Blue-chip DeFi coming together - or dare I say 'Converge-ing' - is how we level up the financial system at large.
For those in the trenches, it's been TOO long that DeFi's lived on the fringes.
Job's not done until we scale this to trillions đ«Ą
âĄ@pendle_fi is joining Converge.
One of DeFiâs biggest success stories, growing from lows of under $10 million TVL to over $5 billion in just two years. đ
Weâre excited to be bringing Pendle to Converge as one of our core apps to unlock yield trading on a range of dollarized assets.
Hereâs what this means đ
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