Pendle Finance, a decentralized finance (DeFi) platform that offers users yields in the form of tradable tokens, is jumping on the growing real-world assets (RWA) trend with a new product that derives gains from traditional sectors.
Pendle will use MakerDAO’s Boosted Dai Savings (sDAI) and Flux Finance’s fUSDC stablecoin - both of which generate yields from traditional finance sectors - for the RWA product.
“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,”TN Lee, the co-founder and CEO of Pendle Shared
Yesterday, Binance Labs announced invested in Pendle Finance.
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