DeFi Protocol Pendle’s TVL Drops 40% In A Week, What’s Behind the Exodus?

Over the last week, Pendle, a popular DeFi protocol that led the EigenLayer boom, witnessed a 40% drop in the total-value-locked (TVL). At one point, Pendle had managed to gather more than $6 billion in user deposits but has now lost nearly one-third of that. Since last Wednesday, users have withdrawn $3 billion from Pendle The post DeFi Protocol Pendle’s TVL Drops 40% In A Week, What’s Behind the Exodus? appeared first on CoinGape .

Source: CoinGape