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CoinDesk Podcast Network

UNCHAINED: Pendle Ripped in Early 2024, But Usage Has Slowed Down. Can It Recover?

Aug 23, 2024
TN Lee, founder of Pendle Finance, shares insights into his innovative protocol for trading yield, which saw explosive growth but is now grappling with a sharp decline in total value locked (TVL). He discusses the unique method of tokenizing yields, as well as strategies that sophisticated traders can leverage for optimization. Lee addresses the challenges of user engagement and the risks involved in trading Pendle, while outlining potential recovery plans. He also reflects on how Pendle can remain relevant if the points narrative fades.
39:59

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Pendle Finance's recent decline in total value locked (TVL) to approximately $2.5 billion stems from asset maturation and shifting market conditions.
  • The founder, TN Lee, emphasizes that adapting to new narratives, such as integrating Bitcoin, is crucial for Pendle's recovery and user engagement.

Deep dives

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