Looking for DeFi Yield? Pendle Offering 12%+ APR on Stablecoins Right Now
Share:
Predictions Markets
See what traders are focused on
- Pendle sees surge in whale withdrawals from Binance (~$8M in 5 days) per Lookonchain
- Project offers high DeFi yields (12%+) contrasting low market average (5.8%)
- PENDLE price (~$2.95) shows slight gain; needs to hold $2.60 EMA support
Pendle (PENDLE), a DeFi protocol focused on tokenized yield trading, drew attention recently due to a reported surge in large whale transactions associated with its token.
According to data from on-chain analytics provider Lookonchain, five newly created wallets collectively withdrew 2.66 million PENDLE tokens from Binance.
This amount was valued near $7.9 million over the past five days, as reported by Lookonchain. This significant off-exchange movement suggests growing confidence among large holders and sets up a bullish price movement for PENDLE if accumulation continues.
Historically, large wi…
The post Looking for DeFi Yield? Pendle Offering 12%+ APR on Stablecoins Right Now appeared first on Coin Edition.
Read More
Bitcoin’s $10 billion credit market keeps growing after its first major selloff
