The article discusses the success and future plans of Pendle, a decentralized finance (DeFi) protocol. Pendle offers fixed yield and farming options through the use of Principal Tokens (PT) and Yield Tokens (YT). The protocol has emulated traditional financial products in DeFi and has witnessed significant growth in its total value locked (TVL) and daily trading volume. Pendle has become a popular choice for yield trading and token launches. The protocol's future plans include targeting perps funding rates and expanding to non-EVM chains like Solana, Hyperliquid, and Ton. Pendle also aims to enter the traditional finance market by offering higher yields compared to traditional corporate bonds.



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