Pendle's TVL Surpasses $5 Billion Marking 52% Growth in Four Months

Pendle, a decentralized yield protocol, has marked its fourth anniversary with a significant milestone: its Total Value Locked (TVL) has surpassed $5 billion. This achievement comes after the expiration of various asset pools, solidifying Pendle's position in the decentralized finance (DeFi) yield infrastructure. The protocol's growth is evident, with approximately $2.5 billion worth of Pendle PT being widely used as collateral in major money markets, reflecting a 52% increase over the past four months. This surge underscores Pendle's robust growth trajectory and high market recognition within the DeFi ecosystem.

The practical application of Pendle LP (Liquidity Provider tokens) as collateral is no longer a mere concept. With the support of Silo Finance, Pendle LP has officially entered the collateralized asset system. This development enhances asset efficiency for users and broadens Pendle's utility within the DeFi lending ecosystem. The integration of Pendle LP into the collateralized asset system is a testament to the protocol's innovative approach and its commitment to expanding the boundaries of DeFi.

In a statement commemorating its fourth anniversary, the Pendle team expressed their enduring ambition and enthusiasm. "Four years ago, we set out to reshape the DeFi yield model. Today, we still maintain the same ambition and eagerness we had at the beginning," the team stated. This sentiment reflects Pendle's unwavering dedication to innovation and its vision for the future of DeFi. The protocol's achievements to date, including the recent surge in TVL and the integration of Pendle LP as collateral, demonstrate its significant impact on the DeFi landscape and its potential for continued growth and development.