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且行且看
🔍21亿美元都上链了？先别急着下结论。据Pendle披露，这是底层基金管理规模；NGI+代表经济敞口，已有PT、YT、LP市场。
我更看重抵押准入：借贷还得等货币市场接纳。这是我的推测：若接入，需求可能从收益交易扩到杠杆，规模标题反而不是重点。
后续一起盯：你猜抵押借贷先落地，还是更多机构策略先上链？看谁猜得近。
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