TechFlow reports that Pendle Finance has submitted a Lighthouse grant application to the Arbitrum community requesting 2 million ARB tokens, aiming to enhance liquidity and trading activity on the Arbitrum network.
The protocol enables permissionless tokenization and yield trading by splitting yield-bearing tokens into principal and yield components, allowing them to be traded via Pendle's AMM.
The funding will be used to deepen liquidity in existing pools, stimulate platform activity, and provide additional incentives for users interacting with Pendle on Arbitrum.
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