Pendle, a platform for Ethereum and Arbitrum-based liquid staking derivatives (LSD), is expanding to the BNB Chain network to attract new users and generate revenue. Liquid staking is a rapidly growing sector in decentralized finance (DeFi) and the potential for LSD-based financial products is largely untapped. Pendle offers users yields in the form of tradable digital tokens, with some strategies providing up to 82% annualized yields on ether (ETH) and ether derivative tokens. The platform aims to establish the liquidity foundation for LSD in these ecosystems to allow other protocols to build on top. Despite a general bear market, Pendle's locked value of tokens has grown almost 300% since the beginning of the year.