Teeeggs

I'm incredibly honored to be in that room in NYC, representing Pendle alongside some of the world's largest financial institutions in conversations about Vietnam's financial future. Vietnam has the talent, the appetite for tokenized assets, and a government that is actively building the infrastructure to match. Sandbox models for both permissioned and permissionless assets are on the table. Can't wait to see what's in store for Vietnam in the future!

$11B TVL for @pendle_fi 🥳 Just 2 weeks ago, we hit $10B TVL mark for the first time but we're not slowing down. Fixed Yield’s potential is still enormous, with institutional adoption ramping up and TradFi liquidity on the horizon. No rest just yet. Higher!

$10B TVL. A milestone years in the making for @pendle_fi. From a niche experiment to a cornerstone of DeFi, and it’s all thanks to you, our community, our Pendies. This isn’t the finish line. It’s proof of what’s possible when conviction compounds, just like yield. Job's not done. Higher!

Boros is the next major step in @pendle_fi's journey, and I’m very excited for the future it unlocks. At its full potential, it could grow to magnitudes of what it currently is today, and dwarf V2's current market size. In just a week, we’ve had to raise the caps multiple times to accommodate the demand, achieving: • $111.4m total Notional Volume traded • $11.3m Open Interest in the YU-BTCUSDT market • $21.7m Open Interest in the YU-ETHUSDT market At its core, Boros is built to support any form of yield, from DeFi protocols to CeFi products, and even traditional benchmarks like LIBOR or mortgage rates. My vision is to take Pendle from the leading crypto-native yield platform to becoming the universal yield platform. But before that, we’re starting closer to home, with a massive, untapped source of yield: funding rates. Boros starts with a simple premise: trade your view on funding rates. Open a long position if you believe they’ll rise, short it if you think they’ll fall. This simple yet powerful mechanism reshapes how funding rate risk is managed, and lays the pathway to a new crop of investment structures and yield strategies. Floating funding rate payments can now be converted into fixed payments. Cash-and-carry trades can be insulated from volatility, eliminating negative yield scenarios entirely. This is especially powerful for protocols like @ethena and other stablecoins that rely on delta-neutral strategies. To be clear, there will be no new token and no changes to tokenomics or emissions. $PENDLE will remain the sole engine of value accrual for both Boros, V2 and Citadels (i.e. expansion of PT distribution). As mentioned before, what we’re building with @boros_fi has no precedent in either TradFi or DeFi. We’re starting from zero, and the journey from zero to one will take time. I trust that given enough time, Boros will stand as a new primitive. Job’s not done!

As we enter the second half of 2025, it’s worth taking a moment to reflect on what @pendle_fi has accomplished, and what lies ahead for us.

$50B cumulative trading volume on @pendle_fi! $4.43B TVL Solid milestones as we approach the halfway mark of the year despite a choppy market. @boros_fi and Citadels coming online in the latter half so things could be better too. A lot better 🤞 Job's not done, but it'll be!

You know how some people say, "oh, he is so lucky that he bought bitcoins so early"? Well, what you are feeling now is the pain that we had to endure many times before too. Hold is never easy.

A month later and @pendle_fi's doubled our $BTC TVL beyond the $1 billion mark 🥳 The BTCfi pie continues to grow in size, with Pendle now owning ~41% of the TVL With more attention shifting toward the #1 coin, there’s still massive untapped potential still JOB'S NOT DONE 🫡

@tn_pendle Job’s not done!

Boros is the next piece of the puzzle for our ambitions. With it, Pendle will be looking toward even more aggressive growth as we target every yield. Funding rate trading is vast and largely untapped, but this is only the very beginning for Boros. JOB'S NOT DONE!

Introducing Boros by Pendle: Yield Trading with Margin Based on the ancient Greek word meaning “to eat”, Boros is Pendle’s newest platform. Developed from scratch in our conquest to consume every yield in the world, both onchain and offchain, starting with funding rates. Of Boros, tokenomics and more, check out pendle.medium.com/boros-by-pendl…

GM, great start to the week with $20B cumulative trading volume for @pendle_fi 🌅 More to come - launches, volume, TVL...Team is set on delivering some exciting stuff soon 🤞🏻 JOB'S NOT DONE

ETH ETF approved (thank you, Gary 🙏🏻) @pendle_fi broke $6B in TVL (thank you, team and Pendies 🙏🏻) 'Tis been a good week, with plenty more to come next week. JOB'S NOT DONE 🫡

Celebrating three years at the forefront, Galxe is stepping into an exciting new chapter. 👉 Read here: gal.xyz/3-Year-Anniver…

Back-to-back 🥂 Another ATH for @pendle_fi yesterday at $225M trading volume, thanks to Pendies hopping aboard the YT-eETH train on the back of $ETHFI airdrop Some rotations and activities in the Renzo ezETH pool too 👀

GM, another milestone for @pendle_fi yesterday at $4B total trading volume 🥳 Not quite the daily $1B feat we hoped for yet so let's keep the manifestation efforts going 🤞🏻

Some nice back-to-back milestones. At $2.5 billion trading volume for @pendle_fi a week later 🌅

$1 billion TVL for @pendle_fi today! Our second unicorn metric 🦄 祝大家龙年大吉！

$800M TVL for @pendle_fi right before Chinese New Year 🧧 恭喜发财，财源滚滚，大吉大利

It's official - @pendle_fi is now a unicorn in volume! ⁠Start of 2023 - $5.8M ⁠Start of 2024 - $399M ⁠Today - $1 billion 🦄 Been an absolute pleasure seeing our goals realized, but in the words of @crypto_linn, job's not done. Here's to many more unicorns for us 🥂

$500M TVL 🎆 With this, @pendle_fi is now #31 by TVL and the 2nd largest 'Yield' protocol according to @DefiLlama Our TVL has grown by 114% since the start of 2024, thanks to our propositions in #LRT This is just the start; more listings and features in the pipeline. Cheers!