Pendle Finance: Dan, the Growth Lead, Shares Success Secrets and Future Plans of the DeFi Protocol That Skyrocketed Tenfold with LSD

According to a Biteye community interview, with the help of LSD liquidity mining derivatives, DeFi project Pendle Finance has seen a 10x price increase since the beginning of the year, performing well in the DeFi space. On May 17th, Dan, Growth Lead at Pendle Finance, shared in a Biteye AMA event how Pendle became the winner in the LSD war and its future plans.

Pendle Product Optimization and Ecosystem

Dan stated that Pendle is a yield tokenization protocol that allows users to earn fixed yields or take long positions on DeFi yields. Pendle was conceptualized at the end of 2020 and publicly announced in early 2021, followed by the launch of the V1 product.

Dan introduced improvements in PendleV2 compared to V1, including optimized user interface, permissionless asset listing, more capital-efficient Automated Market Maker (AMM), and tokenomics enhancements. He also mentioned two protocols in the Pendle ecosystem, Equilibria and Penpie, which are building liquidity and unlocking value in vePENDLE.

Pendle Future Plans: Actively Following Relevant Narratives

Regarding Pendle's future narratives, Dan mentioned that the cryptocurrency industry is evolving rapidly, and Pendle will swiftly adapt to various new narratives related to yield assets. They will closely monitor and prepare to adjust whenever necessary. Additionally, Pendle will continue to enhance user experience to cater to the diverse needs of users in DeFi.

Pendle Community Questions: Security and Incentives

During the audience's question session, Dan addressed inquiries about project security, competitive tools, token distribution, and challenges in project implementation. He emphasized Pendle's strong focus on security, having undergone rigorous audits. Regarding competitive tools, he explained the yield trading mechanism implemented by Pendle and mentioned that the platform will offer various rewards and incentives. He also discussed Pendle's plan to launch an LSD pool on Arbitrum and future development directions.

With its innovative yield tokenization mechanism and continuously improving products, Pendle Finance is gaining market recognition and providing more investment and yield opportunities for DeFi users. Their future goal is to increase liquidity pools on different chains and expand the application scenarios in the cryptocurrency field to attract more user participation.