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Pendle: Last week, market products worth 1 billion US dollars matured, and redemptions of 918 million US dollars have been completed
Bitget2024/08/02 05:44
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.
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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.
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