Pendle Finance to expand to Layer 2 Network Arbitrum

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Last Updated on March 2, 2023 by Bitfinsider

Pendle Finance extended to Arbitrum, making its yield management services more affordable.

Pendle separates yield-bearing assets, such as staked ether, into their two constituent parts: the token’s fundamental worth and its yield. This allows investors to purchase the product without the return and vice versa.

“By allowing yield tokenization, Pendle helps other networks unleash more value,” said Pendle CEO TN Lee in a statement.

In recent months, Pendle has worked with Aura Finance, Balancer, Lido, and RocketPool to add support for their assets. To promote its native asset, it has now joined with decentralized exchange GMX, which operates on the Arbitrum network.

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