Pendle Finance, a popular protocol enabling future yields’ trade and tokenization in RWAs, has announced its partnership with UsualMoney. As per Pendle Finance, the partnership targets to release the $USUALx token. The DeFi platform took to social media to share the news of this upcoming event with the community.
Pendle to Launch the UsualMoney-Native $USUAL Token’s Staked Version ‘$USUALx’
Pendle Finance mentioned in its recent X post that, in collaboration with UsualMoney, it will launch $USUALx. While $USUAL operates as the native token of Pendle, $USUALx works as its liquid and staked version. The need to launch $USUALx emerges due to $USUAL’s shortcomings. Despite being UsualMoney’s native token, $USUAL lacks direct economic or governance rights. Contrarily $USUALx addresses that by claiming both the economic rights as well as governance power.
Keeping in view the growing popularity of $USUAL, Pendle Finance has planned to launch the staked version of the token. With this move, the platform intends to leverage the rising momentum surrounding the $USUAL token and meet the user requirements. Based on the company’s significant experience in the case of tokenization, this move will potentially benefit UsualMoney with more efficient functionality.
The Platform Announces 27th of March as the Launch Date for Launch
According to Pendle Finance, it will launch the $USUALx token on the 27th of March next year. By teasing the token’s upcoming launch, the platform focuses on raising enthusiasm among the crypto enthusiasts. Following this short announcement, Pendle Finance is expected to provide additional details about the project over time.
In line with the UsualMoney’s staggering popularity for its distinctive DeFi endeavors, the partnership with Pendle could expand the adoption of decentralized finance. Moreover, the $USUALx token’s release could redefine the way the DeFi consumers interact with tokens having higher yields.
