Pendle Ripped in Early 2024, But Usage Has Slowed Down. Can It Recover? - Ep. 693 from Unchained

Pendle Ripped in Early 2024, But Usage Has Slowed Down. Can It Recover? - Ep. 693

40 minutes Posted Aug 23, 2024 at 1:00 pm.

Intro

What Pendle is, how the idea for it was born, and how it works

Why Pendle has exploded this year, even though it launched years ago

Whether Pendle is an app for sophisticated traders and the most common strategies in the protocol

How users are able to leverage their earned points in several protocols

Besides market risks, what the risks are of trading in Pendle and how they try to mitigate them

Pendle’s recent significant drop in TVL and plans to recover

If the points narrative ends, will Pendle remain relevant?

Crypto News Recap

0:00

40:30

Download MP3

Share at current time

Show notes

Pendle Finance, an innovative protocol that lets users trade yield, surged in popularity earlier this year but is now grappling with a downturn in usage. In this episode, founder TN Lee shares insights into Pendle's approach, the factors behind its recent success, and the challenges it faces in recovering user engagement and TVL. Plus, since Pendle’s rise was driven by the points narrative, TN talks about how the protocol can keep growing. Show highlights:

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.comThank you to our sponsors!

iTrustCapital

Polkadot

Token 2049

Guestl

TN Lee, Founder of Pendle FinanceLinksPrevious coverage of Unchained on Pendle: DeFi Protocol Pendle Reaches All-Time High as Total Value Locked Tops $5.78 Billion

Background Information on Pendle

Introduction

Glossary

Minting

Advanced Yield Trading Strategies

vePENDLE

DeSpread Research report (Sept 2023)

Cointelegraph Research: Deciphering Pendle Finance’s surge

Others:

Crypto News: Major Changes Ahead: Pendle Ends Earn UI, Focuses on V3

Pendle reached its second largest maturity event on July 25

DeFi Llama: Pendle’s TVL

Learn more about your ad choices. Visit megaphone.fm/adchoices

← See all 1276 episodes of Unchained