On July 2nd, the DeFi protocol Pendle due to the expiration of multiple market products, users have withdrawn nearly 3 billion US dollars in deposits since last Wednesday, most of which are liquidity re-pledged tokens. On Monday, the total deposit value of users fell to 3.70 billion US dollars, and the total lock value of Pendle (TVL) fell by 40% in the past week.
Pendle's outflows also affected related agreement Zircuit, where the value of its deposits fell by 15% in a week.
Pendle's TVL fell 40% in the past week due to multiple product expiration.
2024-07-02 03:09:38
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