With a series of updates from Pendle Finance this week, community members and investors are pleased to see a number of developments. Here are the key developments from Pendle Finance this week:

Pendle’s PT has been integrated into multiple protocols, including summer.money, Indexcoop, Mind Network, and Ethena and Indexcoop. href="https://x.com/veda_labs/status/1813410171022110853" target="">Veda's pool.

In addition, Pendle will soon launch the AmphrLRT pool, uniETH pool and 4 new long-term Mellow pools, providing investors with the opportunity to renew from expiring pools while earning Symbiotic and Mellow points.

Pool renewal function

Pendle provides a renewal function for some expiring pools to help users extend their holdings. For example, the LRT pools on Ethena, Mellow, and ETH mainnet are about to expire, and you can go to Pendle Renewal Function for more details.

The renewal function includes liquidity transfer, PT rollover, LP redemption, PT redemption, YT collection, and SY Unwrap. Expired positions will be displayed on the user's dashboard, and the corresponding pool page can also be accessed from the dashboard. In addition, users can also find any expired markets and pools on the "Inactive" market/pool page.

For Ethena USDe/sUSDe, Pendle has arranged new pools with multiple expiration dates to meet the needs of different users, including August 22, September 26, October 24, and December 26.

MakerDAO Proposal Success

MakerDAO's proposal to deploy $100 million using Pendle's PT sUSDe on the Morpho market has reached a quorum. According to the voting results, a total of 108,857.529 MKR participated in the voting, with a total of 21 votes, and all MKR participating in the voting voted "YES", which is 100% support.

Trading Opportunities

The estimated return on investment of King Karak YT is as high as 118%. For details, please refer to King Karak YT Return on Investment. Additionally, an analysis of how PT can bring higher returns can be found in PT Return Analysis.

About Pendle

Pendle is a blockchain project focused on yield tokenization, which allows users to lock in future yields on their crypto assets and receive returns in advance. This innovative approach not only provides a new source of income for cryptocurrency holders, but also introduces more liquidity and flexibility to the interest rate market. Pendle achieves this through smart contract technology, allowing users to participate in the market in a decentralized and secure manner.

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia