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Pendle Finance attracts billions with new crypto twist on yield stripping
One of the most interesting projects in the field of decentralized finance is attracting billions of dollars thanks to a long-term combination bond market maneuver with one of the most popular crypto marketing strategies this year.
The project, Pendle Finance, splits yield-producing cryptocurrencies into two tokens, similar to the elimination of principal and interest payments that was one pillarBloomberg Terminal on the bond market for over half a century. Until recently, according to the data tracker, the total value locked, or staked, on the app had remained below $250 million virtually since its launch in 2020, despite high returns of 30% or more offered on many of the low yield tokens. DeFiLlama.