Pendle Finance has expanded its decentralized finance (DeFi) offerings by integrating with Plasma Foundation's digital bank. This collaboration introduces five new yield markets, offering annual percentage yields (APYs) between 12.67% and 649%. The initiative aims to broaden access to DeFi yield products globally, including for the unbanked. To incentivize participation, $900,000 in weekly XPL token rewards will be distributed to Yield Token holders and liquidity providers.
Pendle Finance Launches Five Yield Markets on Plasma
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