Pendle PT Launches as High-Quality Collateral on Aave Core Market, Attracts $250 Million Quota

COINOTAG News, May 1st: Pendle PT has officially entered the Aave Core Market as a collateral option, marking a significant milestone in decentralized finance (DeFi). Within hours post-launch, the initial quota of $150 million was completely utilized, prompting Aave to expand it to $250 million. As of now, about $162.2 million of Pendle PT has been deposited, representing a substantial 65% of the total limit.

This rapid uptake showcases Pendle PT’s potential to serve as a robust source of fixed income in the lending landscape. As it gains traction, Pendle PT is positioning itself as a desirable asset across multiple lending platforms, thanks to its blend of security and reliability. The strategic growth of its quota underlines the increasing demand for quality collateral solutions within the ever-evolving DeFi sector.