TechFlow news, according to DL News, the DeFi protocol Pendle has seen users withdraw nearly $3 billion in deposits since last Wednesday due to multiple market maturities, reducing total deposits to $3.7 billion. Its total value locked (TVL) has dropped by 40% over the past week.
Ian Unsworth, founder of Kairos Research, said the outflows were primarily due to product maturities. On June 27, several assets on Pendle markets matured, including eETH from Ether.Fi, ezETH from Renzo, pufETH from Puffer, rsETH from Kelp, and rswETH from Swell, triggering significant capital outflows. Pendle's outflows have also affected the related protocol Zircuit, whose deposit value declined by 15% within a week.
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