On August 2nd, Pendle shared significant news on social media, highlighting that last week saw the expiration of the company's $1 billion worth of market products, which was the second largest maturity event in the protocol's history. Notably, the platform efficiently completed the redemption of $918 million within a week, showcasing not only Pendle's robust operational capabilities but also its mechanism's resilience in handling large-scale redemption requests. As of now, approximately 92% of the expired positions have been successfully redeemed. Pendle intends to launch more innovative products in the future to further diversify user options.