Arthur Hayes: Has bet that PENDLE will rise to $10

ChainCatcher message, Pendle officials stated that voting for Corn LBTC by vePENDLE holders has begun. LP incentives have been effective since 8:00 AM Beijing time on September 12.

Pendle will release new earning opportunities for BTC, including:

• PT-LBTC: Fixed income for BTC;
• YT-LBTC: Leveraged exposure using multipliers, namely Corn Kernel (3x) + Lombard points (3x), and Babylon points (1x).

Arthur Hayes, co-founder of BitMEX, commented that the launch of Pendle's DeFi combined with BTC has bet that PENDLE will rise to $10.