Due to the expiration of multiple products, Pendle's TVL decreased by 40% within a week
ChainCatcher news, according to DL News, the DeFi protocol Pendle has seen nearly $3 billion in withdrawals since last Wednesday due to multiple market expirations, with total deposits dropping to $3.7 billion and total value locked (TVL) decreasing by 40% over the past week.Kairos Research founder Ian Unsworth stated that these outflows are primarily due to the expiration of certain products. The eETH from Ether.Fi, ezETH from Renzo, pufETH from Puffer, rsETH from Kelp, and rswETH from Swell in the Pendle market expired on June 27, leading to significant capital outflows. The outflows from Pendle have also affected the related protocol Zircuit, with deposit values decreasing by 15% within a week.