🚀 Usual Launches New Trading Pair On Uniswap V3 And Expands PT-USD0++ On Morpho
#Usual #UniswapV3 #SolvBTC #PTUSD0 #Morpho #PendleProtocol #DeFi #Stablecoin #TradingPair #YieldPools
According to BlockBeats, on October 8, the stablecoin protocol Usual announced the launch of the SolvBTC/USD0 trading pair on Uniswap V3. This move is part of Usual's collaboration with Solv Protocol and marks the first phase of its partnership with the BTCfi protocol, aimed at expanding the use cases for Usual products.
Additionally, Usual's PT-USD0++ has been launched on Morpho. The PT-USD0++ leverages Pendle Protocol's PT model to achieve time-based yields and enhances capital efficiency and composability through the Morpho market. By optimizing lending rates, PT-USD0++ holders can achieve higher returns and greater flexibility within the DeFi ecosystem.
Furthermore, Usual and the Pendle team are working together to develop new yield pools to replace the existing ones set to expire on October 31.#Usual #UniswapV3 #SolvBTC #PTUSD0 #Morpho #PendleProtocol #DeFi #Stablecoin #TradingPair #YieldPools
🚀 Abraxas Capital Management's $220 Million Investment Matures with $7.52 Million Interest
#AbraxasCapitalManagement #PendleProtocol #DeFi #Investment #YieldStrategies #Blockchain #CryptoInvesting #InstitutionalInvestors #TotalValueLocked #TVL #PENDLE
According to Odaily, blockchain data analyst @ai_9684xtpa has reported that Abraxas Capital Management's $220 million principal investment in the Pendle protocol has matured today, yielding $7.52 million in interest. The position included 196 million sUSDe PT, 21.01 million USDe PT, and 95.51 LBTC PT. This development not only demonstrates Pendle protocol's capacity to handle substantial funds but also highlights institutional investors' adept use of DeFi yield strategies. Currently, Pendle's total value locked (TVL) stands at $5.87 billion, with an annualized protocol revenue of $120 million.#AbraxasCapitalManagement #PendleProtocol #DeFi #Investment #YieldStrategies #Blockchain #CryptoInvesting #InstitutionalInvestors #TotalValueLocked #TVL #PENDLE
🚀 Pendle Protocol Faces Suspected Hack with Over $1 Million Extracted
#PendleProtocol #hack #cryptocurrency #blockchain #cyberattack #security
According to BlockBeats, market reports indicate that the Pendle Protocol has potentially been targeted by a hacker, resulting in the extraction of over $1 million. As of now, the project team has not issued any response to the incident.
BlockBeats advises users to remain vigilant about protecting their personal assets and to manage their positions promptly.#PendleProtocol #hack #cryptocurrency #blockchain #cyberattack #security