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Key Takeaways
- Almanak launched alUSD stablecoin on Pendle.
- Liquidity providers (LPs) and yield token (YT) holders receive a 1.25x Almanak Points multiplier.
Almanak launched its alUSD stablecoin on Pendle today, offering a 1.25x multiplier on Almanak Points for liquidity providers and yield token holders.
The integration provides a 25% bonus in Almanak Points for users who participate as LPs or hold yield tokens on the Pendle platform. The launch expands alUSD’s presence in the decentralized finance ecosystem and creates new yield-earning opportunities for users.
Pendle operates as a yield trading protocol that allows users to tokenize and trade future yields from various crypto assets. The alUSD integration enables users to earn yield while accumulating additional Almanak Points through the enhanced multiplier system.
The 1.25x points multiplier applies specifically to liquidity provision activities and yield token holdings within the Pendle protocol, creating incentives for users to engage with the newly launched alUSD pools.
