Recently, the whales on Hyperliquid Unit have been converting BTC to ETH.
However, in the current financial environment, it is also important to empower BTC holders with more flexibility in using their funds.
Previously, Pendle exploded in popularity because the largest lending platform, Aave, supported Pendle PT as collateral.
If you are not a DeFi player, it can be difficult to understand this key event.
This means that the PT token, which can carry a massive amount of capital, can also be used to borrow funds and invest them elsewhere.
Therefore, within less than a day, the subscription amount of 150M was gone.
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Similarly, the tBTC development team @TheTNetwork has collaborated with @sparkdotfi to open up the use cases for tBTC, which is essential for various projects chasing TVL and adoption rates.
Currently, the TVL of Threshold Network remains in third place, with a TVL of 640M, second place is Lombard, and first place is Babylon.
1/5 @sparkdotfi has approved new risk parameters for tBTC, giving BTC holders more borrowing and lending power.
Key details below👇
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