Pendle Weekly: The Transformation from Decentralized Finance platform to Institutional-Grade Infrastructure

[Block Rhythm] On July 15, Pendle released its weekly report, evolving from a DeFi platform focused on fixed income to a multifaceted institutional-grade infrastructure, building an on-chain 24/7 operating ecosystem, with unique features including:

Pendle V2 upgrade optimizes the mechanism, supporting over 100 active pools.

Pendle PT (Principal Token) has become an important collateral in Decentralized Finance, with a current market value of over 2.67 billion dollars, and a certain platform holds over 2.1 billion dollars of PT as collateral;

The upcoming launch of the Boros platform in the second half of the year introduces a fully on-chain order book, providing efficient capital utilization and diversified trading strategies;

The deep integration with Ethena and the Converge chain promotes institutional collaboration, with over 60% of Ethena's TVL supported by Pendle.

Recent progress of Pendle includes:

Terminal, launched as part of the Pendle ecosystem, aims to provide institutional users with more powerful tools and features. Terminal integrates KYC-compliant RWA (such as the BUIDL of a certain asset management company) and has quickly attracted over $60 million in liquidity with the support of Pendle's liquidity.

Morpho opens Pendle LP as collateral, allowing Pendle's liquidity providers (LP) to use their LP tokens as collateral. This enhances the flexibility of LPs, allowing them to earn yields while also utilizing the value of the collateral;

vePENDLE June rewards distribution, the June rewards for vePENDLE holders will be distributed in the coming days.