.@pendle_fi and @Plasma Integration Discussed
Pendle transitioned to a new blockchain called Plasma.
This transition is a significant factor as it will increase users, corresponding yield markets, and liquidity.
Let's explain 👇
New Chain = More Users
Plasma is a fast and cheap blockchain. Once Pendle goes live there, users from that chain are now able to use Pendle.
More chains = more users = more trades = more rewards.
New Yield Markets
On Plasma, Pendle created new markets for tokens like sUSDe and USDai. Each market has a PT (Principal Token) and YT (Yield Token).
That means users can trade or lock yield from more tokens now.
More Liquidity
Liquidity is essentially how much trading money there is.
Plasma users bring their tokens to Pendle pools.
The more liquidity there is, the easier other users can buy and sell PT and YT, and with less price movement.
Extra Rewards
To entice users, Pendle is giving $900,000 in $XPL tokens to liquidity providers every week.
This helps accelerate the growth of the Plasma markets.
Pendle Plasma, Limit Order Rewards
Pendle has started rewarding users who submit limit orders on Plasma!
When your order gets filled, you'll get to share in the 600,000 XPL rewards pool.
Total Maker Contribution: $22,783
Your Reward: Grows with every filled order, the more orders that are filled your earn more XPL!
Rewards reset every epoch and you can collect it from the MerkI App after the epoch ends.
In short: Trade smart, earn XPL.
Just place limit orders, allow them to fill, and then come collect your rewards on Plasma!
@Rightsideonly @PendleIntern @tn_pendle @0xCheeezzyyyy
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