Mars Finance News: According to on-chain data analyst @ai_9684xtpa's monitoring, the hedge fund Abraxas Capital Management's principal of $220 million deployed on the Pendle protocol matured today, accumulating $7.52 million in interest income. The position includes: 196 million sUSDe PT, 2,101 USDe PT, and 95.51 LBTC PT. This not only verified Pendle protocol's capability to handle large funds but also demonstrated institutional investors' mature application of DeFi yield strategies. Currently, Pendle's TVL remains at $5.87 billion, with an annual protocol revenue of $120 million.
Abraxas Capital Earns $7.52 Million in Interest from Pendle Agreement
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PENDLE
11.21%
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