Pendle Finance saw massive growth earlier this year but has recently faced a significant drop in TVL. How will it bounce back?

Pendle Finance, an innovative protocol that lets users trade yield, surged in popularity earlier this year but is now grappling with a downturn in usage.

In this episode, founder TN Lee shares insights into Pendle's approach, the factors behind its recent success, and the challenges it faces in recovering user engagement and TVL. Plus, since Pendle’s rise was driven by the points narrative, TN talks about how the protocol can keep growing.

Show highlights:

What Pendle is, how the idea for it was born, and how it works
Why Pendle has exploded this year, even though it launched years ago
Whether Pendle is an app for sophisticated traders and the most common strategies in the protocol
How users are able to leverage their earned points in several protocols
Besides market risks, what the risks are of trading in Pendle and how they try to mitigate them
Pendle’s recent significant drop in TVL and plans to recover
If the points narrative ends, will Pendle remain relevant?

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Guest:

TN Lee, Founder of Pendle Finance

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UNCHAINED: Pendle Ripped in Early 2024, But Usage Has Slowed Down. Can It Recover?

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UNCHAINED: Pendle Ripped in Early 2024, But Usage Has Slowed Down. Can It Recover?