Pendle
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Pendle

May Update

Market cycles come and go, but V2 is inevitable. We hope you have weathered the Terra storm and the ongoing bear with minimal damage and are looking forward to sharing our efforts with everyone who has stuck with us through these tough times.

We’re excited to release one piece of the puzzle (of three 😜) for V2: the SCY token standard! Released as EIP-5115 on the Ethereum Magicians forum, SCY allows for seamless integrations and can function as the gateway for projects building on top of interest-bearing tokens, with the ultimate goal of universal composability.

We’re also happy to share that V2 development is progressing steadily as planned. The first codebase audit has been completed, and we are proceeding with a second-round involving 4 independent auditors. We are working hard to uphold the protocol security that we have established in V1. Reports will be published once all audits are completed.

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