DeFi yield protocol Pendle to use sDAI and fUSDC in its first RWA product

08/24 08:20

Odaily Planet Daily News reported that Pendle Finance, a DeFi yield protocol, will use MakerDAO's Boosted Dai Savings (sDAI) and Flux Finance's fUSDC in its first RWA-based product. Pendle co-founder and CEO TN Lee said, "Fixed income and RWA have some untapped large-scale markets in DeFi. I firmly believe that these will play a key role in attracting large off-chain institutional investors." He added, "RWA already exists in DeFi, and now Pendle can provide a set of tools for users to hedge or manage these yields correctly. Interest rate derivatives, swaps, fixed income... all of these products favored by TradFi institutions already exist." 

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