The innovative altcoin Pendle is making waves in the crypto space, offering new revenue opportunities through Bitcoin (BTC)-focused DeFi solutions. As of September 12, Pendle officials announced that vePENDLE holders have started voting on the Corn LBTC liquidity pool. On the same day, two new products that offer fixed and leveraged income models for BTC were introduced. The announcement has attracted significant attention, bolstered by the positive feedback from Arthur Hayes, co-founder of BitMEX, who believes in Pendle’s strong future potential.
New Income Opportunities with Pendle
On September 12, Pendle revealed that vePENDLE holders began voting on the Corn LBTC pool. This marks a significant development for Pendle’s liquidity providers, with incentives going live at 08:00 AM Beijing time. By offering new income opportunities for BTC, Pendle is taking a major step to expand its presence in this space.
Pendle’s integration of DeFi and BTC is creating two new income opportunities: PT-LBTC and YT-LBTC. PT-LBTC is a fixed-income product for BTC, while YT-LBTC allows investors to take on a leveraged position, using Corn Kernel (3x), Lombard points (3x), and Babylon points (1x) for wider portfolio expansion.
What Are Pendle’s BTC Income Opportunities?
Pendle’s innovative BTC products offer investors two distinct paths. The first, PT-LBTC, is designed to provide a fixed income, appealing to risk-averse investors who seek stability amidst Bitcoin’s volatility. Offering guaranteed returns, this product helps minimize risk for long-term BTC holders.
On the other hand, YT-LBTC is geared toward investors willing to take on more risk for the possibility of higher returns. The product’s 3x leverage via Corn Kernel and Lombard points gives investors the chance to maximize their BTC gains. Additionally, the 1x leverage from Babylon points contributes to portfolio diversification, aiming for a balanced risk profile.
— Arthur Hayes (@CryptoHayes) September 12, 2024
Arthur Hayes Predicts Altcoin Pendle Token to Reach $10
Pendle’s innovative moves have caused a stir in the crypto world. Arthur Hayes, co-founder of BitMEX, expressed his confidence in Pendle’s DeFi and BTC integration strategy. Hayes believes that Pendle’s approach could drive the PENDLE token to a value of $10.
Hayes’ prediction signals that Pendle’s new income opportunities could have a strong market impact, not only from a technical perspective but also in terms of market expectations. He believes Pendle could play a key role in the BTC DeFi ecosystem, which could lead to a significant increase in the token’s value. Hayes’ forecast might attract more investors to Pendle, potentially driving up its market value.
Turkish NY Radio will continue to follow the developments surrounding Pendle and its BTC-focused DeFi products.
