Pendle launches cross-chain PT, with the first product being PT-USDe deployed on the Avalanche public chain
ChainCatcher news, Pendle announced on its social platform the launch of cross-chain PT, with the first product being PT-USDe deployed on Avalanche.
As a source of fixed income, PT has already become an indispensable part of DeFi, supporting over $5.8 billions worth of PT as collateral on Ethereum through major lending markets such as Aave, Morpho, and Euler.
Pendle plans to continue expanding its fixed income landscape by utilizing PT on different public blockchains, and even extending to off-chain yields in the future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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