DeFi yield protocol Pendle will develop its first RWA product using sDAI and fUSDC
ChainCatcher news, according to CoinDesk, the developers of the DeFi yield protocol Pendle Finance stated that Pendle Finance will use MakerDao's boosted Savings (sDAI) and Flux Finance's stablecoin fUSDC to develop its first tokenized product based on real-world assets (RWA).
Pendle co-founder and CEO TN Lee said, "RWA has entered the DeFi space, and Pendle is able to provide traditional financial tools such as interest rate derivatives, swaps, and fixed income to help users manage yields."
Yesterday's news, Binance Labs announced an investment in Pendle Finance.
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