Pendle: $1 billion worth of market products expired last week, $918 million redemption completed
2024-08-02 05:24:41
Messages pendle social platforms said on last week pendle 25 day valuedesk3cryptocurrencydesktopCrypto News
On August 2nd, Pendle said on the social platform that last week, Pendle's market product worth 1 billion US dollars expired on July 25th, which is the second largest market product expiration event in the history of the agreement. Within a week, the platform has completed the redemption of 918 million US dollars, successfully passing another major stress test of the Pendle mechanism. As of now, about 92% of the expiring positions have been redeemed, and more new products will be launched soon.
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