Pendle Reaches $58M TVL on Sonic Just a Month After Launching Thanks to Flexible Yield Strategies

Anna Martynova

Just a month after its launch, the Pendle protocol has recorded a total value locked (TVL) of $58 million, according to Dune. This is not only a big number on paper, it also reflects a lot of trust and excitement in the DeFi community. There is an unusual strategy behind this surge. Pendle does not rely on just one approach, but combines multiple yield strategies such as Principal Token (PT), Yield Token (YT), and Liquidity Provider (LP).

This combination allows users to use their assets in a more flexible way without being tied to traditional staking methods, which can sometimes seem boring. On Sonic, Pendle now supports a variety of derivative assets, including Liquid Staking Tokens (LST) such as stS, wOS, and wanS.

Pendle also supports algorithmic stablecoin assets from two different protocols, namely aUSDC (from Aave) and wstkscUSD (from Rings Protocol). Having these stablecoins provides the stability users need to safely play a market that can rise and fall like a roller coaster. Support for BTC and ETH assets has also been added, including SolvBTC.BBN and wstkscETH, further expanding the platform’s offering and appeal.

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