CandleFocus $Pendle Jumps 13% to $3.59 After $BTC Pools Launch
2024-09-12
Author: Content Editor
The Pendle protocol's native token, $PENDLE, experienced a 13% increase in value to reach $3.59 after announcing the inclusion of Bitcoin yield strategies with new $BTC pools. Coinmarketcap data shows that 87% of community members have strong bullish sentiments towards the token. BitMex co-founder Arthur Hayes expressed optimism, predicting that $PENDLE could rise to $10. The collaboration of Pendle with Corn, Lambard(LBTC), and Babylon will provide new yield opportunities for Bitcoin holders without compromising on liquidity. TN Lee, CEO of Pendle, expressed excitement about unlocking new opportunities for BTC users and replicating the success enjoyed by ETH in terms of fixed yield.
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