🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
Due to the expiration of multiple products, Pendle's TVL has dropped by 40% in the past week.
Odaily Planet Daily News: DeFi protocol Pendle saw nearly $3 billion in withdrawals since last Wednesday, as multiple market products expired. Most of the withdrawals were in the form of liquidity-re-staked tokens. As of Monday, the total deposited value dropped to $3.7 billion, and Pendle's Total Value Locked (TVL) decreased by 40% in the past week. Kairos Research founder Ian Unsworth said the outflow of funds is mainly due to the expiration of some products. The ether.fi eETH, Renzo's ezETH, Puffer's pufETH, Kelp's rsETH, and Swell's rswETH related products in the Pendle market expired on June 27, resulting in a large outflow of funds. The outflow of funds from Pendle also affected the related protocol Zircuit, whose deposit value dropped 15% in a week. (DL News)