2026-01-14 13:40:32

Pendle's ecosystem position continues to strengthen. According to the latest data, sNUSD accounts for 65% of the TVL on Pendle, and this stablecoin asset has performed exceptionally well within the protocol.

More notably, sNUSD has contributed $91M in liquidity injection to Pendle (which is still growing), and the cooperation between the two has become a typical example in the DeFi ecosystem—complementary yield mechanisms and mutual promotion of user bases.

Now, this story is about to enter a new chapter. The project team plans to expand the cooperation scale to the $200M level, further deepening the ecological synergy between sNUSD and Pendle. This not only means more yield opportunities but also reflects the continued optimism of mainstream DeFi protocols towards stablecoin asset allocation.

PENDLE2.98%

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ser_we_are_early

· 01-16 03:47

Hmm, sNUSD's recent move is quite aggressive. The 65% share directly locks Pendle. 200M scale? That requires a huge amount of imagination. Wait, can this stablecoin yield really compete, or is it just another capital game?

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AirdropDreamBreaker

· 01-14 14:08

sNUSD this wave is indeed fierce, with a 65% share indicating that Pendle has been fully absorbed. From 91M to 200M, this growth rate... makes me wonder if there will be a setback later. Stablecoin allocation continues to look promising? It sounds good, but I'm worried it might be a prelude to concentrated risk again. Pendle's ecosystem is a good complement, but can the 200M level really be absorbed? If this cooperation succeeds, other protocols will face quite a bit of pressure.

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GateUser-beba108d

· 01-14 14:05

A 65% share isn't that exaggerated; it seems Pendle still needs diversification. How long the sNUSD stablecoin narrative can last remains to be seen. 200M... sounds good, but how much can actually be implemented is the key. Such collaborations are becoming increasingly outrageous; risks should also be considered. TVL data looks impressive, but I'm just worried that liquidity might disappear suddenly later on.

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WagmiOrRekt

· 01-14 14:04

65% TVL share sounds a bit exaggerated, how competitive does it have to be? 200M? Feels like just a big talk, let's wait until it's really in place before commenting. sNUSD has indeed aligned correctly this time, but could it become overly dependent on Pendle? 91M liquidity injection sounds good, mainly because the yield can be competitive. In DeFi, everything can be hyped as a model, it all depends on how much you can actually earn in the end. Stablecoin allocation looks good visually, but the risks need to be considered as well. For the $200M target, I bet fifty cents that it will only reach half of it in the end. If this ecosystem collaboration can truly promote each other, that would be great; right now, it's mostly one-way blood transfusion. Wait, this 65% might be just inflated due to the reduction of other assets, right? Another new chapter, this phrase is used quite frequently.

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GhostAddressMiner

· 01-14 13:58

65% TVL share? This number seems a bit too neat... A quick look on the chain reveals what kind of funds are behind the manipulation.

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DegenGambler

· 01-14 13:57

A 65% share is really high; sNUSD is truly popular in Pendle. I'm a bit worried that this might lead to too much concentration... $200M in scale sounds impressive, but it depends on how the subsequent execution goes.

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