Crypto
Pendle Launches NGI+, a Fund Tracking Partner's $186 Billion Asset Manager
Pendle Finance has announced the launch of its new product, NGI+, which tracks the net asset value of a fund managed by Partners Group. This fund has an impressive track record, returning 48.8% net over 2.5 years.
The introduction of NGI+ could draw significant interest from institutional investors, enhancing Pendle's position in the DeFi space. Currently, Pendle's liquidity pool offers an annual percentage yield (APY) of 55.3%, further enhancing its appeal in a competitive market.
Pendle Finance is a DeFi platform that enables users to tokenize and trade future yield on various assets. With the launch of NGI+, it expands its offerings, tapping into the growing demand for innovative investment products in the decentralized finance sector.