Pendle STRCx deposits hit record $50.4 million on Ethereum
Photo: Crypto Briefing
The tokenized version of Strategy Inc.'s preferred stock keeps pulling capital into Pendle's yield markets ahead of a switch to daily dividend accruals STRCx deposits on Pendle ’s Ethereum deployment have reached an all-time high of $50.4 million. STRCx is a tokenized representation of STRC, the variable-rate perpetual preferred stock issued by Strategy Inc . and listed on Nasdaq. Think of it as a blockchain-native wrapper that lets the security move through DeFi apps instead of sitting in a brokerage account. The underlying stock pays variable dividends.
Source: Crypto Briefing
