Pendle Introduces Community Listing Mechanism, Adding sUSDX As First Fund Pool Asset
In Brief
Pendle has launched its community listing mechanism, allowing any protocol to create its own yield markets on Pendle with ease.
Yield-trading protocol, Pendle announced the launch of its community listing mechanism, allowing any protocol to create its own yield markets on Pendle with ease. This initiative decentralizes Pendle’s growth by enabling external projects to handle key steps such as contract deployment, audits, pricing, and liquidity bootstrapping. By sharing these capabilities with the broader community, Pendle aims to foster a more inclusive and scalable ecosystem.
External protocols can list their ERC-20 or ERC-4626 tokens on Pendle’s marketplace, with the Pendle team conducting a final review before whitelisting them on the decentralized application (dApp). While this checklist does not involve contract modifications, it serves as an additional layer of verification. The user interface and toolkits for the listing process are set to go live in the coming weeks. Pendle’s long-term vision is to establish a fully self-service, permissionless listing process, giving projects complete autonomy in launching their assets.
The first asset to be introduced through the community listing mechanism is sUSDX, a synthetic USD stablecoin developed by Stable Labs. This stablecoin is backed by a multi-asset arbitrage strategy that maintains a delta-neutral position, balancing trades across different assets to stabilize its value. Users who engage with sUSDX can earn yield as well as 3x S-Points, providing additional incentives for participation.
Alongside this launch, Pendle has introduced “Pendle Prime,” a designation for pools that demonstrate strong performance, such as consistent user traction and a minimum total value locked (TVL). Assets within Pendle Prime will be subject to additional audits and continuous evaluation by the Pendle team, ensuring they adhere to the highest standards of security and reliability.
Pendle Drives Community Growth With Instance Mechanism
Pendle, a protocol originally launched on Ethereum, offers a marketplace for trading the yields of supported yield-bearing tokens. It operates by dividing yield-bearing tokens into two separate components: principal tokens, which represent the underlying asset, and yield tokens, which represent the future yield generated by the asset. These tokens can be traded through liquidity pools on the Pendle platform, allowing users to engage in more flexible yield strategies.
Aligned with its roadmap, Pendle was designed to be permissionless from the outset. Now, the protocol is expanding its ecosystem by granting external projects access to its technology, enabling them to create their own yield markets. This move encourages community-driven growth through the Pendle Instance mechanism, which allows third parties to independently list yield-bearing assets. Combined with curated listings by Pendle’s business development team, this decentralized approach positions Pendle to scale its platform and foster broader participation across the decentralized finance (DeFi) landscape.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
