Pendle has officially launched on the Sonic network
According to official news, Pendle has now officially launched on the Sonic network, with the first batch of liquidity pools launched in collaboration with Rings: stkscUSD (May 29, 2025) and stkscETH (May 29, 2025). The Rings Protocol is a yield-stablecoin protocol. Users can use various stablecoins or ETH assets to mint scUSD/scETH. scUSD and scETH can be pledged in the Veda vault (becoming stkscUSD and stkscETH), earning returns through blue-chip DeFi protocols such as Aave.
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Data: BitMine currently holds approximately 3.56 million ETH, with an unrealized loss of $2.98 billion.
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