On August 2nd, BlockBeats reported that Pendle announced on social media that last week, a market product worth $1 billion expired on July 25th, which was the second largest market product expiration event in the history of the protocol. Within a week, the platform has completed $918 million in redemptions and successfully passed another major stress test of the Pendle mechanism. Some user profits are as follows: 0xf2e: Main strategy: Buy PT-USDe (fixed income) from April 3rd to 8th; Days since first Build a Position: 114 days; Holdings: about $11.4 million; Profit: +$1.09 million (9.6%). 0x638: Main strategy: Buy PT-USDe (fixed income) from April 3rd to 22nd; Days since first Build a Position: 114 days; Holdings: about $4.96 million; Profit: +$0.743 million (15%). As of now, about 92% of the expiring positions have been redeemed, and more new products will be launched soon.
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