Research Summary
The article is a weekly report focusing on DeFi and NFTs. It discusses the growth of Pendle, a platform for yield trading, which has seen significant Total Value Locked (TVL) growth since the start of 2023. The report also mentions the competition between Equilibria and Penpie, which are both vying for voting power through vePENDLE. The article also discusses the situation surrounding TUSD, which has been a topic of interest on Twitter, with one address shorting $4m of TUSD against USDC collateral.
Actionable Insights
- Monitor Pendle’s growth: Pendle’s TVL growth and the competition for vePENDLE voting power between Equilibria and Penpie could have significant implications for the platform’s future.
- Keep an eye on TUSD: The situation surrounding TUSD, including the shorting of $4m of TUSD against USDC collateral, could impact the TUSD peg and should be monitored closely.
- Consider the impact of external token incentives: The external token incentives offered by platforms like Pendle could drive further TVL growth, volumes, and supply locked.
