Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Mahindra on June 29, 2021, 09:26:59 AM
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Apollo Capital is bullish on Pendle Finance, an interesting new defi (decentralised finance) platform that launched its mainnet just a week and a half ago.
They had good fundraiser, and some big backers, and reasonably secure – they’ve had three different audits, and it provides really good farming opportunities at the moment,” Matthew Harcourt says.
For those new to defi, “farming” here doesn’t involve crops or cattle but “yield”, the process of earning a return on one’s crypto by locking it up in smart contracts in exchange for big rewards. (The locked-up crypto is lent to others or used in liquidity pools for trading purposes).
Defi is “composable,” meaning different protocols can interact with each other in a permissionless way. People in the space have talked about the various defi platforms as “Lego building blocks” or “money Legos,” which are coming together synergistically. information (https://stockhead.com.au/cryptocurrency/apollos-moonshots-pendle-finance-is-the-most-interesting-project-in-defi-right-now/)