Pendle: Last week, $1 billion worth of market products matured, and $918 million of redemptions were completed
2024-08-02 05:28
Odaily News Pendle posted on the X platform that Pendle had a market product worth $1 billion expire on July 25, which was the second largest market product expiration event in history. Within a week, the platform had completed $918 million in redemptions, successfully passing another major stress test of the Pendle mechanism. Among them, some users' benefits are as follows: 0xf2e · Main strategy: Buy PT-USDe (fixed income) from April 3 to 8 · Days from first position: 114 days · Position: about $11.4 million · Profit: + $1.09 million (9.6%) 0x638 · Main strategy: Buy PT-USDe (fixed income) from April 3 to 22 · Days from first position: 114 days · Position: about $4.96 million · Profit: + $743,000 (15%) As of now, about 92% of the expired positions have been redeemed, and more new products are about to be launched.
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