On August 2nd, Pendle said on the social platform that last week, Pendle's market product worth 1 billion US dollars expired on July 25th, which is the second largest market product expiration event in the history of the agreement. Within a week, the platform has completed the redemption of 918 million US dollars, successfully passing another major stress test of the Pendle mechanism. As of now, about 92% of the expiring positions have been redeemed, and more new products will be launched soon.