Pendle Partners with LevelUSD to Launch Innovative Stablecoin Markets, Dual-Yield Mechanism Accelerates DeFi Growth

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PENDLE
PENDLE
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Recently, DeFi yield trading protocol Pendle announced a significant partnership with LevelUSD to launch dual-market products, lvlUSD and slvlUSD, both maturing on May 29, 2025. lvlUSD serves as the protocol’s native non-yield-bearing stablecoin, backed by USDT and USDC as underlying assets. In contrast, slvlUSD is an innovative staked yield-bearing stablecoin that offers users enhanced returns through a dual-yield mechanism, combining base deposit yields from the Aave V3 protocol with additional rewards generated by re-staking Aave aTokens. This collaboration will provide DeFi users with more diversified stablecoin investment options.

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