Pendle Launches High-Yield Fixed Income Products on the Sonic Mainnet: wstkscUSD and sTS Currently Boasting APYs of Over 13%

BlockBeats News, March 14th, Sonic saw a TVL increase of $100 million in the past month (currently totaling $640 million). Pendle launched high-yield fixed income products on the Sonic mainnet, with wstkscUSD and sTS currently offering APYs of over 13%.

The Sonic airdrop has a total value of approximately $80 million, and Pendle has introduced:wstkscUSD and wstkscETH (May 29th) in collaboration with Sonic and its ecosystem project Rings. Holding SY in YT and LP allows for point farming:

· wstkscUSD: Rings 2x, Sonic 12x, Veda 3x

· wstkscETH: Rings 1.5x, Sonic 8x, Veda 3x

The PT of wstkscUSD/USDC and wstkscETH/ETH is also live on Silo Labs.