Pendle
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Pendle

Jan 2022 Update (100M Volume!)

$100,000,000 in trading volume across YT and OT pools!

It’s been fascinating to see traders taking advantage of the yield fluctuations during the market turmoil, giving a significant boost to our trading volume. We saw yield bulls stack up on YT, expecting a yield hike. On the other hand, wary traders flocked to OT to hedge, obtaining instant returns on their yield-bearing assets.

On that note, here’s a January recap on Pendle 👇

Supercharged Zap!

You can now zap into Pendle farms with a single token on Avalanche. Major tokens can be zapped to a staked LP position on Pendle in just 1 click!

New look!

Toggle between compact-view or separated YT and OT markets! Just a small quality of life improvement for our traders, as we prepare for more assets to come. 👀 Look out for more UI updates as we build towards our v2!

Treasury Management with Pendle x BENQI

The BENQI team deployed their treasury into Pendle’s qiUSDC & qiAVAX pools, obtaining fixed rates of 18% and 25% respectively. These rates were immediately earned in USDC, ready to be redeployed at any moment.

For qiAVAX, this highlights a key proposition: Avalanche-native protocols holding AVAX can easily earn cashflows in USDC, without the need to sell their AVAX position.

https://twitter.com/pendle_fi/status/1489584551143694346

What’s next?

Devs don’t stop shipping, expect an update on Pendle’s Ethereum staking pool, further supercharged zap, and a couple of new assets soon! We’re also working on a significant system overhaul which we’re eager to share about in the coming weeks!

Join the community: Discord | Twitter | Telegram

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