DeFi Yield Marketplace Pendle Goes Live on Avalanche
TokenInsight news, Pendle, DeFi yield marketplace, goes live on Avalanche, with casting, pledging, and trading capabilities now in place. It supports a total of four assets at launch, each with its own underlying asset ownership OT pool and asset natural yield YT pool. Of these, Pendle's integration with Trader Joe, the Avalanche Eco DeFi protocol, supports xJOE and PENDLE/AVAX LP, and its integration with BENQI, the liquidity market protocol, supports qiAVAX and qiUSDC.
Pendle says it is incentivizing liquidity mining with 125% of the base reward during launch week and will launch a trading incentive program next week.