Pendle announced support for looping strategies tied to Ether (ETH) staking, stablecoins and real-world assets on PendleLoop, adding those specific categories to its existing support for yield-bearing assets from other protocols.
Pendle cited current yields on PendleLoop of up to 56.76% APY.
PendleLoop pairs leveraged long and short positions with yield looping.
Earlier additions to PendleLoop included looping for Sky’s yield-bearing USDS token, sUSDS and tokenized-stock long positions available through Aave markets.
Simon Yoon
Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to [email protected].
