Pendle

Usual

<p>Pendle Finance, a popular protocol enabling future yields’ trade and tokenization in <a href="https://blockchainreporter.net/real-world-assets-are-unlocking-defis-full-potential/" rel="noopener noreferrer nofollow">RWAs</a>, has announced its partnership with UsualMoney. As per Pendle Finance, the partnership targets to release the $USUALx token. The <a href="https://blockchainreporter.net/defi-decentralized-finance/" rel="noopener noreferrer nofollow">DeFi</a> platform took to social media to share the news of this upcoming event with the community.</p><h2 id="header-0">Pendle to Launch the UsualMoney-Native $USUAL Token’s Staked Version ‘$USUALx’</h2><p>Pendle Finance mentioned in its recent X post that, in collaboration with UsualMoney, it will launch $USUALx. While $USUAL operates as the native token of Pendle, $USUALx works as its liquid and staked version. The need to launch $USUALx emerges due to $USUAL’s shortcomings. Despite being UsualMoney’s native token, $USUAL lacks direct economic or governance rights. Contrarily $USUALx addresses that by claiming both the economic rights as well as governance power.</p><p>Keeping in view the growing popularity of $USUAL, Pendle Finance has planned to launch the staked version of the token. With this move, the platform intends to leverage the rising momentum surrounding the $USUAL token and meet the user requirements. Based on the company’s significant experience in the case of tokenization, this move will potentially benefit UsualMoney with more efficient functionality.</p><h2 id="header-1">The Platform Announces 27th of March as the Launch Date for Launch</h2><p>According to <a href="https://www.pendle.finance/" rel="noopener noreferrer nofollow">Pendle Finance</a>, it will launch the $USUALx token on the 27th of March next year. By teasing the token’s upcoming launch, the platform focuses on raising enthusiasm among the crypto enthusiasts. Following this short announcement, Pendle Finance is expected to provide additional details about the project over time.</p><p>In line with the UsualMoney’s staggering popularity for its distinctive DeFi endeavors, the partnership with Pendle could expand the adoption of decentralized finance. Moreover, the $USUALx token’s release  could redefine the way the DeFi consumers interact with tokens having higher yields.</p>

Pendle Announces Partnership with UsualMoney to Launch $USUALx

Table of Contents

BlockchainReporter

Other articles published on Dec 21, 2024

QuizBot AI: Revolutionizing Learning and Engagement

Hawk Tuah Price Prediction: HAWK Soars 117% After Hawk Tuah Girl Haliey Welch Reappears, While Th...

What is MOVE Token and How It Rose to the Top 100 Cryptos

Ripple’s CTO Shares How RLUSD Boosts XRP Ledger for Users

This Hidden Gem Has Experts Talking: Expect It to Skyrocket Faster Than Dogecoin (DOGE) and Shiba...

Trending Meme Coins to Watch: BTFD, Popcat, and Brett

Join our free newsletter for daily crypto updates!