ZeroLend Collaborates With Pendle And Ether.fi For eBTC Listing
In Brief
In an exciting development, ZeroLend has teamed up with Pendle and Ether.fi to introduce eBTC into the Pendle market, aimed at enhancing offerings of BTC-centric restaking tokens.
Decentralized lending protocol ZeroLend ZeroLend has proudly announced their collaboration with Pendle's innovative yield-trading protocol, which allows users to dive into new possibilities in yield farming. Pendle and the delegated staking protocol Ether.fi As a result of this partnership, eBTC will be available in the Pendle marketplace specifically designed for BTC restaking tokens.
Traders can now earn valuable rewards that multiply their points from a variety of platforms, such as Ether.fi, Symbiotic, Veda, Zero Gravity, Babylon, Lombard, Karak, and EigenLayer.
Moreover, ZeroLend has made the Pendle token available for eBTC, enabling users to optimize their positions and potentially reap leveraged yields of up to 10 times their investment. Additionally, users have the chance to gather Zero Gravity points and TurtleClub Boosts through this initiative. Pendle To get started, users need to mint PT and YT tokens on Pendle, then swap the YT tokens for PT. Afterward, they can use PT as collateral on ZeroLend to borrow eBTC, repeating this advantageous cycle.
On top of that, ZeroLend has rolled out ZERO incentives for both sides of the borrowing and supplying of all tokens. Presently, eBTC boasts an attractive annual percentage yield (APY) of 31.19%, PT eBTC stands at a whopping 180%, and WBTC offers 72.56%.
Introducing the primary Bitcoin-backed liquid restaking token (LRT) designed to cater to the growing demand for diverse collateral options. Not only does it enhance yield strategies, but eBTC also expands its usability. The collaboration with Lombard supports eBTC with LBTC, launching the pioneering dual-yielding product focused on staking and restaking Bitcoin in the market.
eBTC is Ether.fi An exclusive marketplace on Pendle has been set up specifically for Bitcoin-based restaking tokens like this one.
This lending marketplace spans various Layer 2 networks, including Linea, zkSync, Manta, Blast, and X Layer. It focuses on LRT lending, governance involvement, real-world assets (RWAs), and account abstraction.
ZERO, the newly introduced ERC-20 token on Linea, acts as both a utility and governance token within the ZeroLend framework, with the added capability of bridging across all chains through LayerZero. A total of 100 billion ZERO tokens will be available.
Earlier this year, ZeroLend launched its token Please be aware that our content should not be regarded as legal, financial, or investment advice. Always invest wisely, knowing your financial limits, and consult with a financial professional if unsure. We recommend reviewing the terms, conditions, and support resources from the issuer or advertiser for in-depth information. MetaversePost is dedicated to providing factual and impartial news, although market situations can change unexpectedly.
Disclaimer
In line with the Trust Project guidelines Alisa, a passionate journalist at Cryptocurrencylistings, covers topics related to cryptocurrency, zero-knowledge proofs, investments, and the dynamic landscape of Web3. With a sharp focus on emerging technologies and trends, she offers in-depth insights to keep readers informed and engaged amid the rapid advancements in digital finance.
