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

DeFi Protocol Pendle’s TVL dropped 40% from over $6 billion to $3.7 billion, primarily due to the maturity of liquid re-staking tokens. The outflows are to the maturity of several Pendle markets and the completion of major airdrops. The massive withdrawals from Pendle have also affected other protocols like Zircuit. Over the last week, Pendle,

Source: Bitcoin World