Popular Binance-backed altcoin Pendle has introduced its BTC staking pool, Bitcoin Arc.
Decentralized finance (DeFi) protocol Pendle has introduced Bitcoin Arc, a BTC staking pool that offers BTC holders unique yield strategies through partners like Corn, Lombard Finance, and Babylon Labs.
Pendle stated that with this move, it aims to expand its Bitcoin (BTC) yield options and capitalize on this trend as Bitcoin’s role in DeFi grows, making its platform compatible with the broader DeFi market.
“PENDLE Could Reach $10!”
While Pendle attracts attention with its innovative moves, BitMEX co-founder Arthur Hayes, a PENDLE supporter, claimed that PENDLE will reach $10 with BTC DeFi integration.
Sharing from his X account, Hayes stated that he bet that the Pendle price would reach $ 10 due to the effect of its integration with BTC DeFi.
Hayes’s prediction implies a 180% increase for the price of PENDLE.
PENDLE price, which has increased by 15.4% in the last 24 hours, continues to be traded at $3.6 at the time of writing.
— Arthur Hayes (@CryptoHayes) September 12, 2024
*This is not investment advice.
