Pendle Innovation: will lead the construction of interest rate market infrastructure, promote the discovery of yield prices and the development of yield curves

BlockBeats News: On June 26th, Pendle co-founder @ tn_pendle posted on social media, stating that "the formation of the yield curve and interest rate market has become the next key leap. Pendle is at the core of this transformation. Pendle is the first protocol in DeFi to implement fixed income and revenue trading, providing tools and platforms for the "price discovery" mechanism in the cryptocurrency interest rate market. Nowadays, the fixed income of ETH and stablecoins on Pendle has returned to a more sustainable 3-15% fixed annualized rate of return, reflecting the gradual stabilization of market demand, more reliable capital flow, and the maturity of DeFi. Micro level: Incentive mechanisms and early participation in democratization. Pendle's dual token mechanism (PT&YT) is not only used for revenue separation, but also serves as a key platform for initiating liquidity and incentive distribution in emerging protocols. Users can obtain airdrops and incentive expectations through YT, while PT provides deterministic returns. This structure provides clear revenue pricing signals for the market. Macro level: Building DeFi yield curves on the chain. Just as traditional finance provides insights into macro trends through yield curves, Pendle is building a similar framework for the cryptocurrency market. Through on chain transactions with different term interest rates, users can observe short-term and long-term expected returns, forming macro judgments on market liquidity, risk appetite, and other factors. The upcoming Boros module will also introduce the world's first on chain funding rate curve, providing DeFi with a new interest rate tool and strategy space