Protocol Performance - Pendle processed $58 billion in fixed yield [1] - Pendle's TVL grew 118% last quarter to $8.75 billion [1] - Protocol hit all-time high revenue in October [1] Token Metrics - Token down 64% from September [1] - Market cap at $287 million [1] - Market cap to TVL ratio is 33%, compared to Aave at 8% and Curve at 6% [1] - 76% of supply locked as vePENDLE for 2 years [1] Investment & Strategy - Polychain dumped $9 million, forcing liquidation [1] - Infrastructure allows Galaxy Digital to lock in 17% fixed yields on-chain [1]

0/ Fixed yield will be DeFi’s Trojan horse for TradFi.Predictable cashflows. Certainty in the face of uncertainties.It’s a language institutions already understand and love - now enforced by code and settled on @Ethereum.A guest thread by @tn_pendle. https://t.co/1Gy8mWhGop ...