Pendle expands DeFi's capabilities for BTC

Pendle, known for its success in the field of decentralized finance focused on Ethereum, has announced the expansion of its operations by introducing new yield pools for BTC.

Growing interest in BTC within DeFi

The company's strategic expansion into the yield offerings of the first cryptocurrency comes amid increased interest in BTC staking and other income-generating opportunities. The platform, which has already established itself in the areas of liquid staking (LST), liquid restaking (LRT), and partnerships with Arbitrum, is now targeting a new market by introducing BTC pools.

Connection with the Сorn network

Pendle's initiative coincides with the emergence of an innovative Ethereum Layer 2 network called Corn, which uses BTC to pay for gas and incentivize economic activity. With the platform's new features, holders of digital gold can take advantage of enhanced yield strategies and gain new opportunities for fixed-income trading.

Pendle's CEO noted that the team is actively working with various BTC yield-related protocols to unlock new opportunities for users. Pendle aims to replicate its success with fixed-income ETH in the BTC market.