⚡@pendle_fi is joining Converge. One of DeFi’s biggest success stories, growing from lows of under $10 million TVL to over $5 billion in just two years. 📈 We’re excited to be bringing Pendle to Converge as one of our core apps to unlock yield trading on a range of dollarized assets. Here’s what this means 👇

Pendle will be launching both Pendle Institutional, which will cater to tokenized assets as explained above, and its original product for fixed and floating rate markets on top of permissionless assets. Both products will serve as key infrastructure for the Converge ecosystem by allowing yield to be tokenized and made composable across the ecosystem, such as PTs being used as collateral in Aave.

The Road Ahead Pendle is one of the first apps going live on Converge. Because when RWAs and yield meet programmable infrastructure, new markets emerge. Stay tuned.