PENDLE: A severely underestimated new leader in DeFi

Pendle brings the practice of separating principal and interest in the TradFi market into Crypto. Pendle allows encryption asset holders to lock in future interest rates and receive early returns, bringing more liquidity and flexibility to the interest rate market. Users participating in flexible interest rate market transactions can also earn points in some projects, achieving the effect of killing two birds with one stone and maximizing their own interests. This innovative mechanism provides new sources of income for Cryptocurrency holders and injects more vitality and opportunities into the market.
However, Pendle is currently heavily impacted by the Blast Airdrop event, coupled with the overall market trend not being ideal at the moment, leading to users abandoning the choice of stakeMining, resulting in a significant decrease in Pendle's TVL and coin price.
In summary, Pendle, as a DEX in the Intrerest Rate market, opens a new door for traders and trap利 users. Although Pendle is currently not performing well due to the overall market situation, if there is a rise in the market in the future and the prices of various Tokens recover, leading to a rise in YT's APY, then Pendle will still usher in another period of explosion. #BTC# #pendle#