Pendle's USDC vault on the Morpho lending protocol has attracted $50 million from 230 depositors in just about ten days since its launch on August 4, 2026. The vault, curated by Wintermute's Armitage arm, offers depositors a mix of base yield and PENDLE token rewards, initially providing up to 14% APY. This rapid growth addresses liquidity issues in Pendle's ecosystem by channeling stablecoin deposits into Principal Token collateral markets on Morpho, improving borrowing capacity and rate stability. The success also validates Morpho's modular lending approach and highlights strong institutional interest in PT-backed lending markets.
A whale transferred $1.28 million worth of PENDLE tokens to Binance without staking, raising concerns about increased selling pressure. However, PENDLE's price rallied 12.47% and trading volume surged 121%, indicating strong buyer demand that absorbe...
Pendle Finance has increased the incentives cap for its PT Looping program to $15 million, allowing more capital to engage in its advanced yield strategies. This program involves leveraging Principal Tokens (PTs) on lending platforms like Aave and Mo...
