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Pendle Finance Expands to Ethereum Layer 2 Network, Making Yield Agreement More Accessible

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On March 2, the DeFi yield agreement Pendle Finance was extended to the Ethereum Layer 2 network Arbitrum. It will provide a cheaper way to access its revenue …

Pendle Finance Expands to Ethereum Layer 2 Network, Making Yield Agreement More Accessible

On March 2, the DeFi yield agreement Pendle Finance was extended to the Ethereum Layer 2 network Arbitrum. It will provide a cheaper way to access its revenue management services. Pendle splits the income assets (such as the mortgaged ether currency) into two parts: the value of the underlying token and the income. This allows traders to buy assets without income, and vice versa.

DeFi yield agreement Pendle Finance extended to Arbitrum

Interpretation of the news:


Pendle Finance is a decentralized finance (DeFi) yield agreement that allows users to split income assets and trade them as two separate entities. On March 2, 2021, the platform expanded to the Ethereum Layer 2 network Arbitrum, making it more accessible and cost-effective for users.

As DeFi continues to grow in popularity, so does the need for more efficient and cheaper ways to access these services. With the expansion of Pendle Finance to Arbitrum, users will be able to utilize revenue management services at a lower cost. Previously, users had to pay high fees to use the Ethereum network, making it difficult for smaller investors to participate.

Pendle Finance divides income assets such as mortgaged ether currency into two parts: the value of the underlying token and the income. This split allows traders to buy assets without income and vice versa. By trading these two parts separately, users have more flexibility in managing their funds and maximizing their returns.

The expansion of Pendle Finance to Arbitrum is significant for several reasons. First, it opens up the platform to a wider audience who may have been hesitant to use Ethereum due to high transaction fees. Second, it allows traders to take advantage of Pendle Finance’s unique income-splitting mechanism, which can lead to higher returns. Lastly, it signals a growing trend towards Layer 2 networks in the DeFi space as a way to address scalability and cost issues.

In conclusion, the expansion of Pendle Finance to Arbitrum is a positive development for the DeFi community. It demonstrates a commitment to making yield agreements more accessible and cost-effective for users, while also promoting innovation in revenue management services. As the ecosystem continues to evolve, we can expect to see more DeFi projects expanding to Layer 2 networks as a way to overcome scalability challenges and improve user experience.

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