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Pendle Finance extends yield agreement to Ethereum Layer 2 network

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On March 2, the DeFi yield agreement Pendle Finance was extended to the Ethereum Layer 2 network Arbitrum. It will provide a cheaper way to access its revenue …

Pendle Finance extends yield agreement to Ethereum Layer 2 network

On March 2, the DeFi yield agreement Pendle Finance was extended to the Ethereum Layer 2 network Arbitrum. It will provide a cheaper way to access its revenue management services. Pendle splits the income assets (such as the mortgaged ether currency) into two parts: the value of the underlying token and the income. This allows traders to buy assets without income, and vice versa.

DeFi yield agreement Pendle Finance extended to Arbitrum

Interpretation of the news:


Pendle Finance, a decentralized finance (DeFi) yield agreement, has expanded its services to the Ethereum Layer 2 network, Arbitrum. This move will offer traders access to a more cost-effective way of utilizing revenue management services. Pendle Finance is known for splitting the income assets into two parts, which are the value of the underlying token and the income. As a result of this, traders can buy assets without income or vice versa.

The expansion to the Ethereum Layer 2 network is a significant development in the DeFi space. It offers several advantages to users, such as faster transaction speeds and lower gas fees. The Layer 2 network is built on top of the Ethereum blockchain, which enables faster and cheaper transactions than the Layer 1 network. By migrating to the Layer 2 network, Pendle Finance can offer its users quicker and more cost-effective transactions.

The income assets concept of Pendle Finance allows traders and investors to manage their assets in a more efficient manner. By splitting the income component separately, Pendle Finance enables investors to trade volatile DeFi assets while retaining the fixed income component. This strategy provides a steady income stream while also allowing traders to take advantage of short-term price fluctuations. Furthermore, traders can use the income token separately from the underlying asset, which allows for greater liquidity.

In conclusion, the extension of Pendle Finance’s yield agreement to the Ethereum Layer 2 network is a significant development for the DeFi space. The Layer 2 network offers faster and more cost-effective transactions, which will benefit traders and investors alike. Furthermore, the income assets concept of Pendle Finance provides an efficient way to manage assets and provides a steady income stream while offering liquidity. By migrating to the Layer 2 network, Pendle Finance can offer its services to a wider range of users and contribute to the growth of the DeFi space.

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