According to @milesdeutscher, Pendle Finance ($PENDLE) enhances stablecoin utility by developing a yield market that incorporates stablecoins and their derivatives. It achieves this by dividing yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT), enabling traders to speculate or hedge efficiently.

According to @EmberCN, 40 minutes ago, Pendle Finance's ecosystem fund transferred 1 million PENDLE tokens (worth $4.04M) to Binance. This year, the fund has cumulatively transferred 4.4 million PENDLE tokens (worth $13.1M) to Binance at an average transfer price of $2.98. The fund still holds 18.16 million PENDLE tokens (worth $73.73M).