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Pendle Finance, the DeFi project, launched its first product based on real world assets (RWA), combining MakerDAO's Boosted Dai Savings (sDAI) and Flux Finance's fUSDC stablecoin.
With these stablecoins, which draw income from the traditional financial realm, Pendle is set to develop innovative RWA products.
Pendle will use MakerDao's boosted Savings (sDA) and Flux Finance's fUSDC in its first real-world assets (RWA) based product.
In a groundbreaking move, Binance Labs, the venture arm of the global cryptocurrency giant Binance, has announced a strategic partnership with Pendle Finance. This collaboration is set to redefine the decentralized finance (DeFi) landscape, emphasizing the importance of yield tokenization.
Binance Labs, the venture arm of leading cryptocurrency exchange Binance, has revealed an undisclosed investment in Pendle Finance.
Binance Labs, the influential venture division of Binance, has announced a strategic investment in Pendle Finance. This move underscores Binance's growing interest in the DeFi sector, with Pendle Finance pioneering yield tokenization.
Binance Labs tweeted an official announcement to invest in Pendle Finance, a DeFi yield agreement. The funds will be used to expand its presence in various blockchain ecosystems.
The move comes as a part of Binance Labs' ongoing interest in promising DeFi initiatives.
Binance Labs' backing of Pendle Finance is also another push for the investment group into the liquid staking sector.
A soaring altcoin project built on Ethereum (ETH) is picking up support from Binance, the world's largest crypto exchange by volume. Binance recently announced the listing of Pendle (PENDLE) in their Innovation Zone. The platform allows for spot trading pairs with Bitcoin (BTC), PENDLE/BTC, Tether (USDT), PENDLE/USDT, and TrueUSD (TUSD), PENDLE/TUSD.
Value locked on the liquid staking derivatives platform has grown nearly tenfold this year.
It is worth mentioning that PENDLE actually existed on the crypto markets as far back as May 2021, but only since yesterday has it landed on Binance as well.
The listing for Pendle (PENLDE) in the Binance Innovation Zone is a vote of confidence for the project and it will increase the chances of trade for investors.
Pendle (PENDLE), the native token of Pendle Finance, plummeted on Monday after trading opened on the leading crypto exchange Binance. PENDLE, which traded to highs of $1.
Today, Binance, the global cryptocurrency exchange titan, enhanced its Innovation Zone by enlisting Pendle (PENDLE), a yield-trading protocol. The platform introduced spot trading pairs PENDLE/BTC, PENDLE/USDT, and PENDLE/TUSD, available for trading from 10:00 UTC. Users Got Ready For Pendle In anticipation of the introduction of the new asset, Binance users swiftly began depositing PENDLE.
Pendle (PENDLE), a protocol that enables tokenization and trading of future yield, has experienced a massive 50% surge in its value recently, following its listing on Binance, one of the world's leading cryptocurrency exchanges. While the Binance listing has undoubtedly played a significant role in Pendle's rally, it is not the sole factor behind the token's remarkable performance.
PENDLE, the native token of the decentralised finance protocol Pendle Finance, is up more than 12% in the past 24 hours. The token traded to highs of $0.75 early Monday morning, with fresh investor exuberance in DeFi adding to overall market sentiment.
