Home web3.0 Pendle Announces Earn Transition with New Default Trade Interface

Pendle Announces Earn Transition with New Default Trade Interface

Jul 17, 2024 am 09:19 AM

After receiving a lot of attention in recent weeks, Pendle has announced another improvement to its ecosystem.

Pendle Announces Earn Transition with New Default Trade Interface

Pendle recently announced another development to its ecosystem, which has been garnering a lot of attention in recent weeks.

In a recent tweet, their team announced that, in their ongoing endeavor to streamline the platform for an optimal user experience, they have chosen to deprecate the Earn UI. This decision aligns with their goal to prioritize and accelerate the development of Pendle V3.

“Deprecation of Earn UI

GM Pendies, in our continuous effort to streamline our platform for the best experience, we’ve decided to deprecate the Earn UI.

This decision aligns with our goal to prioritize and expedite the development of Pendle V3.

Earn isn’t going anywhere just yet – it’ll still be accessible for a limited time via a drop-down menu in the app (top-right corner). However, there will be no new listings published to the Earn UI.

When you launch the Pendle app, Trade will now be the default page, which marks a big shift in the user interface.

Despite the UI change, any deposits you make through Pendle Earn will still be accessible via the Pendle UI Dashboard (formerly known as Pendle Trade UI). You can also expect that yields will continue to accrue, and all existing Earn positions will remain intact.

Lastly, external Earn products and integrations will still be accessible via Pendle’s SDK, preserving the ecosystem’s modularity.

As we previously reported earlier this month, Pendle’s Total Value Locked (TVL) in DeFi fell by 42% due to the maturing of restaking pools, which led to lower yields and shifts in ETH.

However, this had no significant impact on the token’s price. On the contrary, the platform SpotOnChain highlighted some whale activity as the token price attempts to recover during the last 24 hours, at the time of writing.

Whale Activity Highlights Significant Token Movements on Binance

According to the platform, one whale withdrew 851,298 PENDLE (worth $3.73 million) from Binance after six months of inactivity with the token. This whale now has 1.703 million PENDLE, valued at $7.51 million, with an unrealized profit of $2.76 million (or a 58.2% increase).

At the time of writing, the token is trading at around $4.59, showing an increase of 5.55% during the last 24 hours, with a trading volume of $81.28 million. Yesterday, this token led the list of top gainers in the major cryptocurrency market and on the Coinstore platform, outperforming SNX, PEPE, FET, and RSR.

In other news, CNF reported that Arthur Hayes, co-founder of BitMEX, expressed his belief that the PENDLE token has a lot of potential for long-term growth.

The above is the detailed content of Pendle Announces Earn Transition with New Default Trade Interface. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
Repo: How To Revive Teammates
4 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island Adventure: How To Get Giant Seeds
3 weeks ago By 尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Top 10 virtual digital currency app platforms in the world, the top ten virtual currency trading platforms in 2025 Top 10 virtual digital currency app platforms in the world, the top ten virtual currency trading platforms in 2025 Mar 05, 2025 pm 08:00 PM

Top 10 virtual digital currency app platforms in the world, the top ten virtual currency trading platforms in 2025

Pi Node Teaching: What is a Pi Node? How to install and set up Pi Node? Pi Node Teaching: What is a Pi Node? How to install and set up Pi Node? Mar 05, 2025 pm 05:57 PM

Pi Node Teaching: What is a Pi Node? How to install and set up Pi Node?

Various ETF issuers compete to apply for Solana ETF! But why is BlackRock still absent? Various ETF issuers compete to apply for Solana ETF! But why is BlackRock still absent? Mar 03, 2025 pm 06:33 PM

Various ETF issuers compete to apply for Solana ETF! But why is BlackRock still absent?

Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of February Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of February Mar 16, 2025 am 10:10 AM

Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of February

Understand the current situation and future of MEV on a single article Understand the current situation and future of MEV on a single article Mar 04, 2025 pm 05:06 PM

Understand the current situation and future of MEV on a single article

PI price forecast: How high can PI coins rise? PI price forecast: How high can PI coins rise? Mar 03, 2025 pm 07:27 PM

PI price forecast: How high can PI coins rise?

Top 10 Free Virtual Currency Exchanges Rankings The latest top ten virtual currency APP trading platforms Top 10 Free Virtual Currency Exchanges Rankings The latest top ten virtual currency APP trading platforms Mar 11, 2025 am 10:18 AM

Top 10 Free Virtual Currency Exchanges Rankings The latest top ten virtual currency APP trading platforms

Does Bitcoin have stocks? Does Bitcoin have equity? Does Bitcoin have stocks? Does Bitcoin have equity? Mar 03, 2025 pm 06:42 PM

Does Bitcoin have stocks? Does Bitcoin have equity?