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

TN Lee

AI Summary

AI Chapters

Episode notes

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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Intro

2min

Understanding Pendle Finance: Innovations in Yield Trading

5min

Navigating Growth Strategies in the Crypto Landscape

6min

Exploring Trader Strategies and Yield Opportunities with Pendle

3min

Leveraging Strategies in Pendle Protocol

13min

Crypto Market Updates: BlackRock's Milestone and Legal Troubles in the Industry

4min

Crypto Compliance and Controversies

9min

Pendle Finance saw massive growth earlier this year but has recently faced a significant drop in TVL. How will it bounce back?

Pendle Finance, an innovative protocol that lets users trade yield, surged in popularity earlier this year but is now grappling with a downturn in usage.

In this episode, founder TN Lee shares insights into Pendle's approach, the factors behind its recent success, and the challenges it faces in recovering user engagement and TVL. Plus, since Pendle’s rise was driven by the points narrative, TN talks about how the protocol can keep growing.

Show highlights:

What Pendle is, how the idea for it was born, and how it works
Why Pendle has exploded this year, even though it launched years ago
Whether Pendle is an app for sophisticated traders and the most common strategies in the protocol
How users are able to leverage their earned points in several protocols
Besides market risks, what the risks are of trading in Pendle and how they try to mitigate them
Pendle’s recent significant drop in TVL and plans to recover
If the points narrative ends, will Pendle remain relevant?

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

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Guest:

TN Lee, Founder of Pendle Finance

Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk.

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CoinDesk Podcast Network

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

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Bluehost Cloud Hosting Overview

Pendle Finance and Yield Trading

Trends Driving Pendle's Growth

Challenges and Future Directions for Pendle

Remember Everything You Learn from Podcasts