Last week, @tn_pendle met with Vietnam's Deputy Prime Minister in New York, alongside Deutsche Bank, Morgan Stanley, BlackRock, Franklin Templeton, and Anchorage Digital, to make the case for Vietnam's International Financial Center.
Among a delegation of global financial giants, our dearest beloved TN Lee was the voice for asset tokenization, speaking to Vietnam's potential as a market for tokenized bonds, ETFs, and private credit, and championing the depth of talent the country has to offer.
It's part of a sustained push by Vietnam's leadership to build serious financial infrastructure. The brightest days for Vietnam in DeFi are still to come, and Pendle is proud to be part of this journey.
watching @pendle_fi evolution has been wild tbh. they have adapted to every major narrative shift in defi faster than most protocols even realize what is happening
started heavy on eth restaking when that was the meta.
then btcfi heated up and they pivoted hard - suddenly bitcoin assets were a major chunk of tvl. now? stablecoins are dominating and pendle is leading that charge
this chart shows the speed of change:
• august: diverse mix of btc/eth assets
• september: hit 13b tvl peak
• october: stables now 78% of composition
ngl it is not just about chasing narratives - it is about being where the yield actually is. when eigenlayer was printing, pendle was there. btc l2s started offering real returns? they adapted. usde and stable yields became the thing? they are already the biggest player
the 7.47b tvl rn is solid but what matters more is how they keep growing while others are losing steam. "wherever there is yield, it can be pendled" is not marketing speak - it is literally how they operate
stables eating up 78% of tvl tells you exactly where this cycle is heading
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Summer is nearly over, but the Summer of Symbiotic continues with @TanssiNetwork on @Galxe
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Link below:
WE HIT 10K FOLLOWERS
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to celebrate we're giving away 2 evolving skies packs, all you have to do is;
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