Pendle Finance Users Can Now Profit From Real World Assets

Pendle Finance, a decentralized finance platform that offers users yields in the form of tradable tokens, is jumping on the growing real-world assets trend with a new product that derives gains from traditional sectors.

Pendle was released last November on Ethereum and has expanded to Arbitrum, BNB Chain and Optimism networks this year.and Flux Finance’s fUSDC stablecoin - both of which generate yields from traditional finance sectors - for the RWA product. RWA tokenization revolves around establishing a virtual investment mechanism that is linked to tangible assets such as real estate, precious metals, artworks, and collectibles. RWA has been a growing sector in crypto For DeFi, this would mean on-chain access to traditional finance instruments such as the U.S.

“Yes, RWA is already in DeFi, and now Pendle is able to offer a suite of tools that lets you properly hedge or manage these yields. Interest rate derivatives, swaps, fixed income…all these products that TradFi institutions love, they’re already here,” Lee added.as of Thursday. At the time of writing, PENDLE token was up over 10% at 60 cents.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Maple Finance Eyes Asian Expansion With $5M Investment, Returns to SolanaThe protocol’s focus on growth in Asia-Pacific showcases the region’s increasing importance in the crypto industry.
Herkunft: CoinDesk - 🏆 291. / 63 Weiterlesen »

BlockTower co-leads $5 million strategic funding round for Maple FinanceMaple Finance will use the funds to expand across Latin America and the Asia-Pacific and to create new partnerships.
Herkunft: TheBlock__ - 🏆 464. / 53 Weiterlesen »