Arthur Hayes Predicts PENDLE Price to Reach $10
Publication Time:2024-09-12 15:21:10
In recent market dynamics, Pendle's official announcement sparked widespread discussion, particularly following the commencement of the vePENDLE holders' vote on CornLBTC. Concurrently, the implementation of LP incentives starting from 8:00 AM Beijing time on September 12th has provided market participants with additional opportunities for engagement and returns. Through its distinctive mechanisms, such as PT-LBTC (offering fixed BTC yields) and YT-LBTC (leveraging exposure through multipliers combined with CornKernel (3x) and Lombard points (3x), along with Babylon points (1x)), Pendle has breathed new life and growth potential into the BTC domain. This series of innovations not only reflects Pendle's leading position in the DeFi space but also garnered significant attention from the market. Notably, Arthur Hayes, co-founder of BitMEX, expressed positive sentiments regarding Pendle's latest developments. He firmly believes that the price of PENDLE will reach $10 in the near future, reflecting his confidence in PENDLE's growth potential.
PENDLE
DeFi
Price prediction
Arthur Hayes
BTC yield opportunities