Pendle has launched its fixed-yield trading protocol srUSDat on the Monad blockchain, the senior tranche of Saturn Network’s yield-bearing token system. The protocol crossed 51 million dollars in total value locked within ten days and has since surpassed 111 million dollars in TVL. Fixed yields offered range between 13 and 15 percent, with a rate of 15.54 percent for a 160-day maturity. SrUSDat gives on-chain investors exposure to Bitcoin-related corporate credit through STRC, representing Strategy’s cumulative perpetual preferred equity.
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