ME News reports that on October 22 (UTC+8), Pendle announced the launch of its all-in-one tool, PendleLoop. The tool enables leveraged long and short trading on any token, including tokenized stocks, and allows users to recursively amplify yields on any yield-bearing asset, such as Pendle PTs and non-Pendle assets like sUSDe, wstETH, and sUSDS. Currently supported assets include BTC, ETH, and the Mag 7 tokenized stocks on Base (GOOGL, AMZN, AAPL, META, MSFT, NVDA, TSLA), with further expansions planned. (Source: Foresight News)
Pendle Launches PendleLoop for Leverage Trading and Yield Amplification
KuCoinFlashShare
Summary
Pendle has launched PendleLoop, a tool for leveraged trading on any token, including tokenized stocks. Users can open long or short positions to enhance returns on yield-bearing assets such as Pendle PT, sUSDe, wstETH, and sUSDS. The platform currently supports BTC, ETH, and the Mag 7 tokenized stocks on Base. Traders can use PendleLoop to analyze support and resistance levels while amplifying their gains. Expansion plans are in progress.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.