Pendle and DeFi in a New Era: How Regulation in the U.S. Could Catalyze a New Cycle of Growth

Pendle Finance is a DeFi protocol that allows for the tokenization and trading of future yields from yield-generating assets. In 2025, the project is in a phase of significant expansion, with important updates to its infrastructure, integration with real-world assets (RWAs), and plans to reach new markets.

Pendle is actively exploring integration with real-world assets (RWAs), utilizing products such as MakerDAO's sDAI and Flux Finance's fUSDC. These assets generate yields from traditional financial sectors, such as U.S. Treasury bonds, allowing Pendle users to profit from real-world assets.

Perspectives for 2025: With the implementation of Pendle V3, the protocol is prepared to explore new opportunities, including the tokenization of rewards and points from other projects, such as EigenLayer. The team is also considering expansion to networks like Solana, leveraging the Rust programming language, although this is not an immediate priority.

The approval of favorable legislation for the decentralized finance (DeFi) sector in the United States may represent a significant catalyst for projects like Pendle Finance. Recently, the U.S. House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21), which aims to establish a clearer regulatory framework for digital assets. This bill proposes that sufficiently decentralized cryptocurrencies be exempt from certain regulations applicable to securities, transferring some oversight from the SEC to the CFTC.

Although the bill still needs to be approved by the Senate, its initial approval indicates a positive move towards regulation in the sector. For platforms like Pendle, which operate in the tokenization and trading of future yields, a more defined regulatory environment could attract institutional investors and increase the adoption of their products.

Furthermore, the $PENDLE is expanding its operations to integrate real-world assets (RWAs) and exploring new networks, such as Solana and TON, through the initiative "Citadels". These strategies, combined with a more favorable regulatory landscape, may position Pendle as one of the leading DeFi platforms in the global market.