Pendle launches fixed-rate USDe term market on Ethereum

Decentralized exchange Pendle (PENDLE) announced the launch of a fixed-rate USDe term market on Ethereum. Users can choose maturities of three, six, nine, or 12 months. The product lets users lock in a fixed-rate structure similar to a discount bond purchased below face value and redeem it one-for-one in USDe at maturity.