TechFlow reports that TN Lee, co-founder of decentralized yield trading protocol Pendle Finance, said in an interview that Pendle is actively advancing two major initiatives: restaking and Bitcoin yield strategies. If successfully implemented, these plans are expected to bring at least $10 billion in total value locked (TVL) growth to the protocol.
Lee emphasized that given Bitcoin's position as the largest asset in the cryptocurrency market, capturing even 1% of its market share would generate significant value growth for Pendle. He further explained that with the emergence of multiple L1 and L2 solutions, increasing numbers of users will seek to generate yield from idle Bitcoin holdings. Based on Bitcoin's current market cap of approximately $1 trillion, 1% market share would equate to $10 billion in TVL.
