Pendle Ripped in Early 2024, But Usage Has Slowed Down. Can It Recover? - Ep. 693

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: 00:00 Intro 01:24 What Pendle is, how the idea for it was born, and how it works 05:06 Why Pendle has exploded this year, even though it launched years ago 12:01 Whether Pendle is an app for sophisticated traders and the most common strategies in the protocol 15:46 How users are able to leverage their earned points in several protocols 19:20 Besides market risks, what the risks are of trading in Pendle and how they try to mitigate them 20:57 Pendle’s recent significant drop in TVL and plans to recover 24:13 If the points narrative ends, will Pendle remain relevant? 27:31 Crypto News Recap Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! iTrustCapital Polkadot Token 2049 Guestl TN Lee, Founder of Pendle Finance Links Previous coverage of Unchained on Pendle: DeFi Protocol Pendle Reaches All-Time High as Total Value Locked Tops $5.78 Billion Background Information on Pendle Introduction  Glossary Minting Advanced Yield Trading Strategies vePENDLE DeSpread Research report (Sept 2023) Cointelegraph Research: Deciphering Pendle Finance’s surge  Others: Crypto News: Major Changes Ahead: Pendle Ends Earn UI, Focuses on V3 Pendle reached its second largest maturity event on July 25 DeFi Llama: Pendle’s TVL Learn more about your ad choices. Visit megaphone.fm/adchoices