This week, Pendle brought several important updates to users, covering benefits for Bitcoin holders as well as Arbitrum users.
1 million ARB STIP rewards are about to end
Pendle’s 1 million ARB STIP bonus program will beEnds September 12. Users can participate in the Pencosystem to get ARB rewards by staking PT/YT-LRT to DeFi projects such as Silo, Yearn, Dolomite, Stella, Thetanuts Finance, Index Coop, Gammasawap, Locus, Sumer, WiseLending, etc. In addition, ARB rewards can be obtained by staking PT-LRT to borrow ETH/USDC on DeFi platforms such as Timeswap and Credit Guild.
BTC holders receive 32% eBTC APY
According to Deflama, Pendle offers Etherfi eBTC holders32.8% APYThis product features include single exposure and no impermanent loss (IL) risk. Users can withdraw their assets at any time and enjoy extremely high flexibility.
Pendle plans to further enhance its product benefits in the upcoming updates, bringing more high-yield options to investors. For Bitcoin holders who seek stability and high returns, Pendle is becoming an emerging ideal platform.
YT-MNT’s implied APY is up to 50%
On August 29, the Pendle platform launched the MNT pool, allowing users to deposit MNT into Pendle to explore more investment possibilities. Pendle’s various MNT pool products meet the needs of users with different investment preferences.
According to data published by Pendleholders who bought Mantle YT-MNT when the implied APY was 10% can currently get 5 times the return. The following is the change in investment returns of YT-MNT under various conditions. When Mantle points are 243,000,000, if Cook FDV reaches 300 million US dollars, the return rate of YT-MNT is 151.07%. If FDV reaches 1 billion US dollars, the user’s return rate can reach 736.90%.
In addition, this week Pendle will re-list several liquidity pools that expire in September on Ethereum and Arbitrum chains, bringing more investment opportunities to users. More Bitcoin-related assets will be introduced next week.
