Pendle Ripped in Early 2024, But Usage Has Slowed Down. Can It Recover?
Pendle Finance saw massive growth earlier this year but has recently faced a significant drop in TVL. How will it bounce back?
Aug 23, 2024
Listen or watch all the new CoinDesk podcast episodes wherever you want.
ABOUT
Pendle Finance, an innovative protocol that lets users trade yield, surged in popularity earlier this year but is now grappling with a downturn in usage.
In this episode, founder TN Lee shares insights into Pendle's approach, the factors behind its recent success, and the challenges it faces in recovering user engagement and TVL. Plus, since Pendle’s rise was driven by the points narrative, TN talks about how the protocol can keep growing.
Show highlights:
- What Pendle is, how the idea for it was born, and how it works
- Why Pendle has exploded this year, even though it launched years ago
- Whether Pendle is an app for sophisticated traders and the most common strategies in the protocol
- How users are able to leverage their earned points in several protocols
- Besides market risks, what the risks are of trading in Pendle and how they try to mitigate them
- Pendle’s recent significant drop in TVL and plans to recover
- If the points narrative ends, will Pendle remain relevant?
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
Guest:
- TN Lee, Founder of Pendle Finance
Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk.
HOST
Laura Shin
Laura Shin is a crypto journalist, host of the Unchained podcast, and author of “The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze” (Public Affairs, 2022). Formerly a senior editor at Forbes, she was the first mainstream journalist to cover crypto full-time, and her podcasts and videos have had more than 15 million downloads and views. Shin has spoken about cryptocurrency at places such as TEDx San Francisco, the International Monetary Fund, Singularity University and the Oslo Freedom Forum.
She graduated Phi Beta Kappa with Honors from Stanford University and has a master of arts from Columbia University’s School of Journalism. She lives in New York City.
EPISODES
The Growing Dominance of Crypto KOLs
Exploring the rise of crypto KOLs with Celo Co-Founder Rene Reinsberg and 'Binance Blockchain 100' Award Winner Leon....
15 hours ago
THE MINING POD: ABTC Investor Unlock, IREN’s $3.6B Capital Raise, Greenidge’s Fire and Land Sale
On today’s news roundup, the gang covers the American Bitcoin investor unlock that sunk the ABTC share price this wee...
16 hours ago
The Blockspace Pod: The Conspiracy Was True: Operation Chokepoint 2.0
A new House report confirms the Biden Administration's coordinated, extralegal "Operation Chokepoint 2.0" to debank t...
Dec 3, 2025
THE MINING POD: CleanSpark FY 2025 Recap: It's Not an AI Pivot, It's an Expansion w/ Matthew Schultz
CleanSpark CEO Matt Schultz joins us to discuss CleanSpark’s fiscal year 2025 earnings.
Dec 2, 2025
COINDESK SERIES
0 EPISODE
The Mining Pod
Feb 10, 2025
1367 EPISODES
CoinDesk Podcast Network
The top stories and best shows in the blockchain world, delivered daily from the team at CoinDesk.
Dec 20, 2023
1347 EPISODES
Markets Outlook
Tune in as CoinDesk runs down action in the crypto market and some of the most important recent industry development.
Dec 19, 2023
0 EPISODE
Unchained
Unchained, your no hype resource for all things crypto by former Forbes senior editor Laura Shin, author of The Cryptopians.
Dec 18, 2023
