Bitcoin holders can take advantage of Pendle’s BTC Pools to unlock fixed yield and yield trading potentials.
Liquid staking protocol Pendle is introducing BTC pools to take advantage of the rising interest in BTC staking and yield opportunities.
Pendle’s strategic expansion into Bitcoin yields aligns with the growing hype around BTC yield strategies. One such protocol already taking advantage of the buzz is Corn, an innovative Ethereum Layer-2 network that uses Bitcoin for gas fees and economic incentives on the network. Corn recently secured an investment round led by Polychain and backed by major players like Binance Labs, HTX, Offchain Labs, and Framework to name a few.
With Pendle, BTC holders will gain access to a new layer of enhanced yield strategies, unlocking fixed yield and yield trading potentials for BTC for the first time on the platform, further diversifying and deepening their opportunities in DeFi.
TN Lee, CEO of Pendle, said, “We’re excited to be working with various BTC yield protocols to unlock new opportunities for their users with Pendle. We’ve seen major use cases with fixed yield for ETH, and we’re aiming to replicate the same success with BTC as well. It’s going to be a busy few weeks for us as we roll out new pools and launches.”
Pendle, as a yield tokenisation platform, has allowed it adaptability and compatibility with almost every yield product in the crypto space. This flexibility has allowed Pendle to stay agile and capture numerous hot trends and narratives, from ETH liquid staking to the current rise of BTC yields and even memecoins such as PEPE.
Corn’s LBTC represents a major collaboration between leading BTCfi players. Powered by Lombard, LBTC enables liquid BTC staking on Babylon, a BTC-focused restaking infrastructure layer. By depositing LBTC on Corn, users can further Corn’s pre-launch campaign, earning Kernels that can later be redeemed for $CORN airdrop in the near future.
Corn LBTC and EtherFi’s eBTC are now available on Pendle, with additional BTC listings such as Bedrock uniBTC, Solv solvBTC, PumpBTC and more on the horizon. .
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