Pendle Cycle Overview: TVL reaches $25 billion, USD0++ stablecoin’s profit potential and loyalty rewards

Pendle will announce a series of news, including the launch of a weETHs pool dedicated to Symbiotic farm points, bringing innovative income opportunities to users. Secondly, Pendle will introduce a new USDe pool, which features a tighter range, designed to enhance the user's income trading experience. In addition, as a new experiment, Pendle will launch Sophon's PEPE pool, allowing users to exchange Sophon points for trading income.

According to data, Pendle Finance achieved a trading volume of 25 billion US dollars and its TVL reached 25,079,944,508 US dollars.

Integrations and Achievements

Pendle's PT is listed on Term Structure and Swell, Pendle is included in the IndexCoop's DeFi Index, and is listed on RabbitX, dYdX, Upbit and other trading platforms.

PT-mETH is listed on Dolomite, mETH is the value accumulation receipt token of Mantle's liquidity staking protocol, providing a permissionless, non-custodial ETH liquidity staking solution. PT-mETH, as the counterpart of the points system, allows holders to obtain stable fixed income denominated in mETH, with an annualized rate of return of more than 11%, and the income does not involve any points mechanism, ensuring the purity of the income.

In addition, PT-mETH holders now have more options and can pledge PT-mETH in Dolomite to implement strategies such as hedging, investment diversification or recycling according to market conditions to optimize their portfolios.

PT-sUSDe is available in Morpho and Origami protocols. Pendle's PT- sUSDe grows on the Morpho market. Following a successful execution vote, the PT-sUSDE-24OCT2024/DAI Morpho market was officially launched and set a record high in total supply in just one week. According to the latest data, the total supply has reached about $75.15 million. The liquidity available in the market has reached about $24.84 million. In addition, the total borrowing volume has reached about $50.28 million.

USD0++ Earning Potential and Loyalty Rewards

The recently launched USD0++ has reached a TVL of $20 million and has achieved an annualized yield of 18%.

USD0++ is an enhanced short-term Treasury stablecoin based on real assets, secured by T-Bills backed by entities such as Hashnote, Ondo, Blackrock, and provides a yield at least equal to the risk-free rate. On the Pendle platform, USD0++ users will enjoy 5x daily Pills Points from the beginning, and long-term holders will also receive a loyalty multiplier reward that increases by 2% per day from 1x to a maximum of 10x. Pendle as a whole will also receive additional loyalty boosts on top of the initial base.

In addition, liquidity providers on the YT/SY portion of Pendle will also receive 5x Pills per day during the initial launch, a rate that increases by 2% per day on Pendle. Users can exit YT/LP positions without penalty and retain all accumulated points and multipliers. USD0++ on Pendle only accumulates Pills and does not provide APY returns on underlying assets, and T-Bill returns will be available after the pre-sale event ends.