⚖️Pendle TVL Surges On stETH Inflows

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GM Defiers!

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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