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Pendle Finance Deep Dive With Founder TN Lee
The Defiant - DeFi Podcast
Evolution in AMM Design for Minimizing Impermanent Loss
The evolution from V1 to V2 in AMM design focused on minimizing impermanent loss by allowing assets with high correlation to be put in the pool. In Pendle, assets like the underlying and principal token of SDE are extremely correlated, ensuring no impermanent loss if held till maturity. Another improvement in AMM design is enabling liquidity providers to continue to earn yield from the underlying protocol.
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