⚖️Pendle TVL Surges On stETH Inflows
DeFi Alpha
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In today's newsletter, we start by discussing Pendle, a DeFi yield trading protocol whose TVL recently reached a record $127M. Meanwhile, Compound's COMP token has skyrocketed on speculation of an airdrop from its founder's new venture. Finally, Ethereum developers are proposing a circuit breaker mechanism to safeguard against sudden asset drains from DeFi protocols.
✍️ In today’s newsletter:
- Pendle's TVL has doubled since Ethereum's Shanghai upgrade
- COMP has outperformed since its founder announced a new venture
- Ethereum developers propose ‘circuit breaker’ to guard against DeFi exploits
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