Pendle Celebrates Fourth Anniversary, Protocol TVL Surpasses $5 Billion

BlockBeats News, June 23rd, According to official sources, the decentralized yield protocol Pendle announced that its Total Value Locked (TVL) has once again surpassed $5 billion after the expiration of various asset pools, marking a further consolidation of its position in DeFi yield infrastructure. Currently, approximately $2.5 billion worth of Pendle PT has been widely used for collateral in major money markets, showing a 52% increase compared to four months ago, demonstrating its strong growth momentum and high recognition in the DeFi market.

Furthermore, the functionality of Pendle LP (Liquidity Provider tokens) as collateral is no longer just a concept. With the pioneering support of Silo Finance, Pendle LP has now formally entered the collateralized asset system, unlocking more asset efficiency for users and further expanding Pendle's practical application boundaries in the DeFi lending ecosystem.

In its anniversary statement, the Pendle team stated, "Four years ago, we set out to reshape the DeFi yield model. Today, we still maintain the same ambition and eagerness we had at the beginning."