Pendle has partnered with LevelUSD to create the lvlUSD and slvlUSD markets, with an expiration date of May 29, 2025. lvlUSD is the native non-yield stablecoin of the protocol, based on USDT and USDC; while slvlUSD is the staked yield stablecoin, with yields sourced from the base returns of Aave V3 deposits and the re-staking yields of Aave aTokens.
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