This week, Pendle brought several important updates to users, covering benefits for Bitcoin holders as well as Arbitrum users.

1 million ARB STIP rewards are about to end

Pendle's 1 million ARB STIP reward program will end on September 12. Users can participate in the Pencosystem to obtain ARB rewards by staking PT/YT-LRT to DeFi projects such as Silo, Yearn, Dolomite, Stella, Thetanuts Finance, Index Coop, Gammasawap, Locus, Sumer, WiseLending, etc. In addition, you can also get ARB rewards by mortgaging PT-LRT on DeFi platforms such as Timeswap and Credit Guild to borrow ETH/USDC.

BTC holders get 32% eBTC APY

According to Defillama data, Pendle provides Etherfi eBTC holders with 32.8% APY. This product features single exposure and no impermanent loss (IL) risk. Users can withdraw their assets at any time and enjoy extremely high flexibility.

Pendle plans to further enhance its product returns in the upcoming update, bringing more high-yield options to investors. For Bitcoin holders who pursue stability and high returns, Pendle is becoming an emerging ideal platform.

YT-MNT's implied APY is as high as 50%

On August 29, the Pendle platform launched the MNT pool, and users can deposit MNT into Pendle to explore more investment possibilities. Pendle's various MNT pool products meet the needs of users with different investment preferences.

According to the data released by Pendle, holders who bought Mantle YT-MNT when the implied APY was 10% can currently get 5 times the return. The following is the change in investment returns of YT-MNT under various conditions. When Mantle points are 243,000,000, if Cook FDV reaches 300 million US dollars, the return rate of YT-MNT is 151.07%. If FDV reaches 1 billion US dollars, the user's return rate can reach 736.90%.

In addition, this week Pendle will re-launch several liquidity pools that expire in September on the Ethereum and Arbitrum chains to bring more investment opportunities to users. More Bitcoin-related assets will be further introduced next week.

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