Pendle TVL on Plasma surpasses $446 million, new asset type to be launched this week

ChainCatcher news, Pendle's TVL on Plasma has surged to $446 million, and this week will launch new assets: PlasmaUSD, aUSDT0 (Aave), and fUSDT0 (Fluid). PlasmaUSD is the flagship vault on Plasma managed by Veda, where deposited funds will be deployed into high-quality lending protocols such as Aave to generate yield.

Aave aUSDT0 obtains and trades the annualized yield (APY) for USDT0 on Aave. 0xfluid fUSDT0 speculates and trades on the annualized yield of deposits in Fluid's USDT0 vault, including lending yields and XPL rewards earned on Fluid.