Pendle Finance (@pendle_fi) is rapidly expanding its stablecoin yield marketplace, approaching approximately $1 billion in total value locked (TVL) from stablecoins outside of Ethena, with 70% month-over-month growth. The platform has demonstrated strong customer acquisition capabilities, growing from zero to around $50 million TVL in just two weeks. The USDS market on Pendle has surpassed $50 million TVL, with users benefiting from a 25x SP boost in the Spark Points Campaign. Spark is noted as the top new market on Pendle, experiencing rapid growth and upcoming announcements. Stablecoins are predicted to become a trillion-dollar market, and Pendle offers up to 36% annual percentage yield (APY) on stablecoins with low risk, supported by investors such as Tiger Global and Sequoia. Meanwhile, Scallop has launched an incentive program boosting multiple borrowing pools from May 25 to June 1, with key metrics including over $648 billion in total lending volume, $105 billion in borrowing volume, $8.63 billion in flash loan volume, and an average utilization rate of 53.77%. Liquity Protocol recently launched Liquity V2, with QuillFi allocating a portion of its 4% $QUILL supply to reward $BOLD users as part of its Season 1 launch program.