Abraxas Capital Earns $7.52 Million in Interest from Pendle Agreement

Odaily News According to the monitoring of on-chain data analyst @ai_9684xtpa, the $220 million principal deployed by hedge fund Abraxas Capital Management in the Pendle protocol matured today, and accumulated $7.52 million in interest income. The position includes:
196 million sUSDe PT
21.01 million USDe PT
95.51 LBTC PT
This not only verifies the Pendle protocol's ability to handle large amounts of funds, but also reflects the mature use of DeFi income strategies by institutional investors. Currently, Pendle's TVL remains at $5.87 billion, and the annualized protocol revenue reaches $120 million.