DeFi protocol Pendle sees 40% drop in TVL

Pendle TVL has dropped sharply over the past week, from $6.2 billion to $3.7 billion. Meanwhile, PENDLE price is down 16% in the same period. Pendle, the yield tokenization protocol that allows for the trading of yield-bearing crypto assets, has seen the total value locked (TVL) of assets on the platform slide more than 40% […] source: https://coinjournal.net/news/defi-protocol-pendle-sees-40-drop-in-tvl/