Pendle: Last week, $1 billion worth of market products matured, and $918 million of redemptions were completed

Pendle posted on the X platform that Pendle had a market product worth $1 billion expire on July 25, which was the second largest market product expiration event in history. Within a week, the platform had completed redemptions of $918 million, successfully passing another major stress test of the Pendle mechanism. Among them, some users' benefits are as follows: 0xf2e·Main strategy: Buy PT-USDe (fixed income) from April 3 to 8·Number of days from first position: 114 days·Position: about $11.4 million·Profit: +$1.09 million (9.6%) 0x638·Main strategy: Buy PT-USDe (fixed income) from April 3 to 22·Number of days from first position: 114 days·Position: about $4.96 million·Profit: +$743,000 (15%) So far, about 92% of the expired positions have been redeemed, and more new products are about to be launched.