📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Due to the expiration of multiple products, Pendle's TVL has dropped by 40% in the past week.
Odaily Planet Daily News: DeFi protocol Pendle saw nearly $3 billion in withdrawals since last Wednesday, as multiple market products expired. Most of the withdrawals were in the form of liquidity-re-staked tokens. As of Monday, the total deposited value dropped to $3.7 billion, and Pendle's Total Value Locked (TVL) decreased by 40% in the past week. Kairos Research founder Ian Unsworth said the outflow of funds is mainly due to the expiration of some products. The ether.fi eETH, Renzo's ezETH, Puffer's pufETH, Kelp's rsETH, and Swell's rswETH related products in the Pendle market expired on June 27, resulting in a large outflow of funds. The outflow of funds from Pendle also affected the related protocol Zircuit, whose deposit value dropped 15% in a week. (DL News)