Crypto News – In order to capitalize on the burgeoning real-world assets (RWA) trend, Pendle Finance, a DeFi platform that gives consumers dividends in the form of tradable tokens, has developed a new product that generates profits from established industries.
DeFi Platform Pendle Finance Announces Users Can Profit from Real-World Assets
According to the developers, Pendle will leverage the Boosted Dai Savings (sDAI) from MakerDAO and the fUSDC stablecoin from Flux Finance, both of which produce returns from the traditional financial sectors.
Fixed Yield and RWA have some of the largest addressable markets that remain untapped in DeFi. I firmly believe these will play a key role in attracting huge, off-chain institutional investors on-chain.
TN Lee, the co-founder and CEO of Pendle
What is RWA Tokenization?
A developing area of cryptocurrency is RWA. In order to construct a virtual investing system that is connected to physical assets like real estate, precious metals, pieces of art, and collectibles, RWA tokenization is necessary. This will allow DeFi to deploy these tokenized assets for usage in decentralized applications (dapps) and give users on-chain access to traditional financial products like U.S. Treasury Bonds.
On the other hand, the product might increase Pendle’s total locked value (TVL), which, as of Thursday, was slightly under $120 million.
Yes, RWA is already in DeFi, and now Pendle is able to offer a suite of tools that lets you properly hedge or manage these yields. Interest rate derivatives, swaps, fixed income…all these products that TradFi institutions love, they’re already here,
Lee
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