Pendle has reported that its Total Value Locked (TVL) on the Plasma platform has exceeded $100 million in just half a day. This rapid growth highlights the platform's increasing traction among users.
In addition, Pendle's Boros platform has launched a new feature that allows users to use USDT as collateral for trading funding rates on Hyperliquid for BTC and ETH pairs. This feature, which expires on October 31, aims to simplify trading during significant market events such as Federal Reserve announcements or CPI/PPI data releases, and offers enhanced hedging capabilities for BTC and ETH funding rates.
Pendle's Plasma TVL Surpasses $100M; Boros Introduces USDT Collateral Feature
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