Du Jun shifts focus from Curve to Pendle, now holding 7% of Pendle’s circulating supply, highlighting its dominance in on-chain interest rate trading.
Du Jun, founder of Vernal Capital, shared his preference for Pendle in the current DeFi cycle, marking it as the largest on-chain interest rate trading market. He revealed that his fund holds 7% of Pendle’s circulating supply, compared to a smaller 1% for Curve. His comments, made on X, reflect a strategic shift in his investment approach within decentralized finance.