amid renewed interest from traders looking to passively capture market returns.DeFiLlama data
Staked ether dominates the holdings, taking up 27% of all capital on Pendle, followed by GMX protocol’s glp tokens at 18% and by dai stablecoins at 16%.annualized on ether and ether derivative tokens. These have a maturity period that ends in late 2023 or early 2024. This is done by wrapping yield-bearing tokens into a standardized yield token, that token is then wrapped into a principal token and yield token which can be traded on the open market.
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