Pendle Weekly Update: Pendle has launched Sonic, the external protocol will self-deploy the Pendle market through a Community Launch
Source: Pendle
This Week's Alpha: Community Launch
According to official information, Pendle has announced the Community Launch - starting this week, external protocols can deploy their own Pendle markets, and the Pendle team will whitelist them on the UI after a final (non-contract) check, moving towards full permissionlessness. At the same time, Pendle will also launch a dedicated UI for Pendle Prime, showcasing deeper liquidity assets audited by the Pendle team and external auditors.
Last Week Recap:
Pendle TVL measured in ETH hit an all-time high of 208,000 ETH.
lvlUSD went live on Pendle, with wallet holders of lvlUSD YT and LP tokens earning 40x XP and Symbiotic points. Wallet holders of slvlUSD YT and LP tokens can earn 20x XP.
Current Pendle Hotspot:
Pendle has launched Sonic, introducing pools like wstkscUSD and wstkscETH (expiring on May 29, 2025) with fixed APY up to 18% and LP APY up to 24.98%. These pools offer up to 12x implicit leverage.
Top PT APY (at the time of writing):
Stablecoin: wstkscUSD 29-MAY [SONIC] @ 18.17% APY
ETH: wstkscETH 29-MAY [SONIC] @ 10.89% APY
BTC: SolvBTC.Bera 10-APR @ 11.8% APY
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