Ethereum

Pendle's total locked value (TVL) has fallen 40% in the past week. Since Wednesday, users have withdrawn nearly $3 billion. The large-scale withdrawals reflect the user's waning interest in restaking airdrops, and Renzo's points program is about to end at the end of July. DLNews

Pendle's total locked value (TVL) has fallen 40% in the past week. Since Wednesday, users have withdrawn nearly $3 billion. The large-scale withdrawals reflect the user's waning interest in restaking airdrops, and Renzo's points program is about to end at the end of July. DLNews

https://www.dlnews.com/articles/defi/pendle-hit-with-3bn-drawdown-as-restaking-airdrops-fade/