Pendle has announced the extension of its STRC yield functionality to the BNB Chain. This move brings new opportunities for users, as they can now access the yield on this popular blockchain.
One key component of Pendle's expansion is the integration of apxUSD from Apyx. This synthetic dollar is backed by Digital Asset Treasuries (DATs) preferred shares and offers a 13% Fixed APY. It does not generate yield itself, but rather serves as a gateway to unlock various strategies on Pendle.
Users can choose from several options to gain exposure to Apyx points on Pendle: fixed-rate investments through PT, high-leverage exposure via YT, or LP to earn both yield and points simultaneously. Additionally, users may be eligible for transaction fees and PENDLE incentives. This expansion is expected to enhance the user experience on Pendle.