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What is happening to the APY of PT-USDS on @pendle_fi?
I visited @sparkdotfi's TVL on DeFiLlama, and it reached a new all-time high, sitting at $8.156 billion.
USDS is also ranked 5th among stablecoins by market cap.
Which is the cause?
+ The spiked TVL leading to a huge APY on Pendle?
+ Or the huge APY on Pendle driving the growth in TVL on Spark?
There's another factor: USDS is widely adopted on @arbitrum, resulting in increased USDS supply and a growing number of holders.
Go Sparkfi.

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