Pendle's TVL Shrinks by 40% Amidst Withdrawals and End of Points Program
AinvestWednesday, Jul 3, 2024 3:48 am ET
1min read Pendle, a prominent DeFi platform, experienced a 40% decline in total locked value (TVL) as users withdrew nearly $3 billion, primarily liquid restaking tokens. This decrease reflects diminishing interest in restaking airdrops and the upcoming end of Renzo's points program in July. Market expirations contributed to reduced deposits, with TVL now stabilized at around $3.7 billion.
View Source
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
