Pendle's TVL on Plasma has surpassed $446 million, and a new asset type will be launched this week

ChainCatcher news, Pendle's TVL on Plasma has surged to $446 million, with the launch of new assets PlasmaUSD, aUSDT0 (Aave), and fUSDT0 (Fluid) this week. PlasmaUSD is the flagship treasury of Plasma managed by Veda, and the deposited funds will be deployed to high-quality lending protocols like Aave to generate returns.

Aave aUSDT0 acquires and trades the annualized yield (APY) for USDT0 on Aave. 0xfluid fUSDT0 speculates and trades the annualized yield on deposits in Fluid's USDT0 treasury, including lending returns and XPL rewards earned on Fluid.