Abraxas Capital earns $7.52 million in interest income through Pendle agreement

Odaily Planet Daily News: According to on chain data analyst @ ai_9684xtpa monitoring, the $220 million principal deployed by hedge fund Abraxas Capital Management in the Pendle protocol is due today, with a cumulative interest income of $7.52 million. This position includes: 196 million sUSDe PT 21.01 million USDe PT 95.51 LBTC PT This not only verifies the ability of Pendle protocol to handle large amounts of funds, but also reflects the mature application of DeFi profit strategies by institutional investors. The current Pendle TVL remains at $5.87 billion, with an annualized agreement revenue of $120 million.