BTCfi and Pendle join forces: a win-win alliance

Over the past month, the BTCfi ecosystem has experienced a Cambrian explosion in influence and total value locked (TVL). At the forefront of this rapid growth, Pendle has played a vital role in accelerating liquidity and utility in this market.

Source: Dune

The Pendle Effect: Driving BTCfi

Roughly a month ago, Pendle launched its first BTCfi and BTC liquidity pool, and the results are jaw-dropping - over $560 million in BTC liquidity has been captured.

Source: @PendleIntern

Pendle currently accounts for more than one-third of BTCfi's total TVL, driving the growth of multiple BTCfi protocols such as Lombard, Solv Protocol, Bedrock, pumpBTC, and Corn.

Source: DeFiLlama

This symbiotic relationship not only allows Pendle to gain benefits in the BTCfi market, but also provides new opportunities for speculation, hedging and yield optimization for users of the BTCfi protocol. At the same time, the growth of BTCfi has in turn strengthened Pendle's value positioning, making it firmly a leading DeFi protocol.

Source: @kenodnb

Currently, only 0.1% of BTC supply has participated in BTCfi, which means there is still a huge market to be tapped in the future. As more liquidity flows into BTCfi, market depth, adoption, and yields will increase further. Pendle is strategically positioned in this ecosystem to continue to capture value from this growing market.

The future looks bright and lucrative for participants at the forefront of this trend.

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