USDD adds 21,000 USDD and 12,000 TRX to Pendle sUSDD rewards

Decentralized stablecoin USDD said on August 13 that it is increasing incentives for Pendle's sUSDD market by adding TRX-only rewards and raising the base USDD reward. The campaign will distribute 21,000 USDD and 12,000 TRX, plus PENDLE tokens valued at about 30% of the combined value of those USDD and TRX rewards, during the period from August 13 at 8:00 to August 20 at 8:00 Singapore time. USDD also said Pendle has integrated PT-sUSDD, a principal token for sUSDD, into its PT Looping module, a yield strategy that can recursively reuse positions, allowing users to extend returns through Morpho, an onchain lending market, via its USDC and USDT markets. The project added that it is working with Pendle on renewing the sUSDD market, with details to be announced later.

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