According to ChainCatcher, according to DL News, the DeFi protocol Pendle has expired in multiple markets, and users have withdrawn nearly US$3 billion in deposits since last Wednesday, with the total deposit value falling to US$3.7 billion and the total locked value (TVL) falling by 40% in the past week.
Ian Unsworth, founder of Kairos Research, said that these outflows were mainly due to the expiration of some products. Ether.Fi's eETH, Renzo's ezETH, Puffer's pufETH, Kelp's rsETH and Swell's rswETH on the Pendle market expired on June 27, resulting in a large outflow of funds. Pendle's capital outflow also affected the related protocol Zircuit, with the deposit value falling by 15% in a week.
