{"id":448471,"date":"2023-10-17T14:55:23","date_gmt":"2023-10-17T14:55:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=448471"},"modified":"2023-10-17T14:55:23","modified_gmt":"2023-10-17T14:55:23","slug":"pendles-yield-optimization-turns-heads-but-meme-kombats-presale-might-just-break-necks","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pendles-yield-optimization-turns-heads-but-meme-kombats-presale-might-just-break-necks","title":{"rendered":"Pendle’s Yield Optimization Turns Heads, But Meme Kombat’s Presale Might Just Break Necks!"},"content":{"rendered":"

Pendle (<\/span>PENDLE<\/span><\/a>) was amongst the best-performing cryptocurrencies over the past 24 hours. Data from CoinMarketCap indicated that the altcoin’s price had jumped more than 8% during the past trading day. This elevated the cryptocurrency’s price to $0.7065 at press time.<\/span><\/p>\n

The <\/span>altcoin<\/span><\/a> also experienced a surge in its 24-hour trading volume. As a result, the total was estimated to be more than $25.5 million, a 220+% increase compared to yesterday’s volume. Interestingly, the altcoin was also trading closer to its 24-hour high of $0.7186. Meanwhile, its low for the same period was recorded at $0.6472.<\/span><\/p>\n

Pendle’s Kyber Pool Boasts Impressive Growth<\/span><\/h2>\n

Pendle<\/span><\/a> revealed on their official X (formerly Twitter) page earlier today that their Kyber axl.wstETH-wstETH pool has made significant strides since its launch 12 days ago. According to the post, the pool has attracted $1.61 million in total value locked (TVL). There has also been a TVL growth of 48.4% for the underlying liquidity.<\/span><\/p>\n

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All aboard SS Pendle, we're going deep for liquidity fishing 🛳️<\/p>\n

12 days since the launch of Kyber axl.wstETH-wstETH, and the pool has come already come a long, long way:<\/p>\n

💦 $1.61M TVL (~89% of the underlying TVL)
💦 TVL growth of 48.4% for the underlying liquidity pic.twitter.com\/kXrtaHfdTk<\/a><\/p>\n

— Pendle (@pendle_fi) October 17, 2023<\/a><\/p><\/blockquote>\n