DeFi· ★★★· bullish·

Pendle STRCx deposits hit record $50.4 million on Ethereum

  • —STRCx deposits on Pendle rose from $39.8 million on October 16 to $50.4 million
  • —About 25% of STRCx supply is held in Pendle markets
  • —98% of STRCx DeFi deposits are on Ethereum
  • —Shareholders approved daily dividend accruals for STRC on October 28, effective November
Why it matters: The shift to daily dividends could further boost on-chain demand for STRCx and set a template for yield-bearing tokenized equities.
Source: Crypto Briefing
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