Pendle raises $3.7 million in their private round to create the next layer of DeFi yield markets. Investors include Mechanism Capital, Crypto.com Capital, CMS, Spartan Group, DeFi Alliance, Hashkey Capital, Harvest Finance, and imToken. Read more here:
https://medium.com/pendle/pendle-raises-3-7m-to-create-the-next-layer-of-defi-yield-markets-3b059bfbaa1
https://medium.com/pendle/pendle-raises-3-7m-to-create-the-next-layer-of-defi-yield-markets-3b059bfbaa1
Medium
Pendle Raises $3.7M to Create the Next Layer of DeFi Yield Markets
We’re excited to announce the investors supporting Pendle’s vision for creating the next layer of DeFi yield markets.
Pendle released details on their tokenomics. Read more here:
https://medium.com/pendle/pendle-tokenomics-3a33d9caa0e4
https://medium.com/pendle/pendle-tokenomics-3a33d9caa0e4
Medium
Pendle Tokenomics
$PENDLE, the protocol’s ERC-20 native token, will soon be launching!
Pendle will hold a modified liquidity bootstrapping event on Apr 28th. Read more on the new approach here
https://medium.com/pendle/bootstrapping-pendle-liquidity-515a5161ea2d
https://medium.com/pendle/bootstrapping-pendle-liquidity-515a5161ea2d
Medium
Bootstrapping Pendle Liquidity
On 28 April 2021, we will be conducting an event to bootstrap liquidity for the Pendle token, PENDLE. The event will run for 6 hours, from…
We've had a lot of discussion around our bootstrapping event, so we're following up with a ELI5 and a tutorial on our LDB.
ELI5: What you need to know about Pendle LDB
1. Weights are 50:50. Just like a Sushi/Uni pool
2. The trading pair is PENDLE/ETH
3. Start price is not high like a typical LBP, so early participants are not punished as the pool weights will not change
4. Liquidity will be added randomly. Liquidity add means price will dip
5. Consider your slippage. In volatile markets your transaction will fail if slippage is too low
LDB Tutorial : https://medium.com/pendle/pendle-ldb-tutorial-and-eli5-ae200ae75cca
ELI5: What you need to know about Pendle LDB
1. Weights are 50:50. Just like a Sushi/Uni pool
2. The trading pair is PENDLE/ETH
3. Start price is not high like a typical LBP, so early participants are not punished as the pool weights will not change
4. Liquidity will be added randomly. Liquidity add means price will dip
5. Consider your slippage. In volatile markets your transaction will fail if slippage is too low
LDB Tutorial : https://medium.com/pendle/pendle-ldb-tutorial-and-eli5-ae200ae75cca
Medium
Pendle LDB –Tutorial and ELI5
The Pendle Liquidity Drop Bootstrapping event will take place here on 28 April 2021, from 12:00 UTC to 18:00 UTC. With this new approach…
Less than 24 hours to the Pendle LDB event!
Information specific to the event can be found on this page: https://medium.com/pendle/liquidity-drop-bootstrapping-details-ea722ef7c36d and will be updated over time.
Information specific to the event can be found on this page: https://medium.com/pendle/liquidity-drop-bootstrapping-details-ea722ef7c36d and will be updated over time.
Medium
Liquidity Drop Bootstrapping — Details
Liquidity Drop Bootstrapping — Details Update Apr 27th 15:32 UTC: PENDLE/ETH ratio updated Update Apr28th 16:04 UTC: Included tx hash and original liquidity drop methodology message<see below> This …
LDB event in 1 hour!
Head over to https://pendle.finance/ldb for the LDB page. The link to the Balancer pool will activate at launch.
Head over to https://pendle.finance/ldb for the LDB page. The link to the Balancer pool will activate at launch.
LDB live now!
Head over to https://pendle.finance/ldb for the LDB page.
Token Contract Address: 0x808507121B80c02388fAd14726482e061B8da827
Balancer Pool: https://balancer.exchange/#/swap/ether/0x808507121b80c02388fad14726482e061b8da827
Head over to https://pendle.finance/ldb for the LDB page.
Token Contract Address: 0x808507121B80c02388fAd14726482e061B8da827
Balancer Pool: https://balancer.exchange/#/swap/ether/0x808507121b80c02388fad14726482e061b8da827
2 hours into Pendle LDB.
Trading volume: $11.5m
Liquidity drops completed: 8
Pendle tokens released: 4.84m
Trading volume: $11.5m
Liquidity drops completed: 8
Pendle tokens released: 4.84m