Pendle: Last week, market products worth 1 billion US dollars matured, and redemptions of 918 million US dollars have been completed
August 2nd news, Pendle stated on social media that last week on July 25th, market products worth $1 billion expired, making it the second largest expiration event in contract history. Within a week, the platform has completed redemptions of $918 million, successfully passing another major stress test of the Pendle mechanism. Up to now, about 92% of the expiring positions have been redeemed and more new products are about to be launched.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Atlanta Fed President Bostic to retire in February next year
Federal Reserve Governor Milan: Stablecoins could impact 30%-60% of savings
Bostic: Current policies are restrictive for businesses, especially in the housing sector