Pendle selected for Fortune magazine's Crypto Innovators list
Foresight News reported that Pendle announced via Twitter that it has been selected for the Fortune magazine Crypto Innovators list. This list chose 30 projects from more than 150 nominations, with other selected entities including State Street, DBS Bank, SBI Holdings, and other traditional financial institutions.
Pendle stated that on-chain fixed income has long lacked product types comparable to those in traditional finance. Floating yields are everywhere, but tools for locking in known interest rates or expressing definitive views on duration have never achieved large-scale implementation. Pendle’s goal is to fill this gap, and the protocol’s TVL has now reached several billion US dollars, with the share of the stablecoin yield market and institutional funds continuing to grow.
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