Pendle x Plasma - Week in review
In just one week after expanding to @Plasma, @pendle_fi's TVL has surged to $417M, representing 8% of Plasma’s total $5.4B TVL.
When it comes to yields, Pendle is in a league of its own. Data from DefiLlama and Pendle show the protocol dominates 80% of the top-yield pools on Plasma.
Currently, Pendle offers the highest base yields - around 27% through PT-sUSDai and PT-USDai, which occupy the top two positions.
Pendle also commands 14% of Ethena's stablecoin TVL on Plasma.
Next up: Pendlethenaave is coming to Plasma. The @ethena_labs x @aave proposal aims to onboard Ethena PT assets on Aave, soon to be approved.
This will unlock looping opportunities with PT-sUSDe and PT-USDe, potentially accelerating capital efficiency across Plasma's liquidity ecosystem.
Plasmaavethena = Plasma x Aave x Ethena❌
Pendllasmaavethena = Pendle x Plasma x Aave x Ethena✅
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