Pendle (PENDLE) is a cryptocurrency in the decentralized finance (DeFi) space that focuses on liquidity provision and lending functions. Users can provide liquidity by locking crypto assets in the Pendle ecosystem and earn income by lending these assets. The protocol offers liquidity providers rewards in the form of PENDLE tokens for their services. With its flexible lending models and high return potential, Pendle stands out as a protocol that stands out in the DeFi world by offering different maturity options to its users.
PENDLE, which has fallen 8.94% in the last 24 hours and at the time of writing, is among the day's decliners. Penpie, the decentralized finance (DeFi) protocol, is known to have suffered an attack and lost approximately $ 27 million in cryptocurrency. Attackers seized various crypto assets such as Ethereum (ETH) and sUSDE tokens, converted them to ETH and transferred them to other addresses. Other assets linked to Pendle Finance also lost significant value. Following the attack, the Pendle team temporarily halted contracts on the platform as a security measure. These developments may have negatively affected the PENDLE price.
