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Pendle: Market products worth $1 billion matured last week, and $918 million of redemptions have been completed

Pendle: Market products worth $1 billion matured last week, and $918 million of redemptions have been completed

CointimeCointime2024/08/02 07:07
By:Cointime

On August 2nd, Pendle stated on social media that last week, on July 25th, a market product worth $1 billion expired, making it the second largest market product expiration event in the protocol's history. Within a week, the platform completed $918 million in redemptions, successfully passing another major stress test of the Pendle mechanism. As of now, approximately 92% of the expired positions have been redeemed, and more new products will be launched soon.

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