PT-slisBNB achieved significant adoption on its first day, representing approximately 10% of slisBNB's total supply on Venus.​

Key Features Driving Adoption:

• Fixed yield structure through Pendle
• High capital efficiency with 87% LTV in BNB E-Mode
• ~3% APY spread between BNB and PT-slisBNB
• YT token allows flexible reward claiming via bnb.​xyz

The integration enables users to maximize leverage through looping strategies while earning Lista DAO rewards simultaneously.​

Pheasant Network made progress on its upcoming token distribution this week:

Key Developments

• Built test environment for $PNT token claiming
• Continued designing $PNT tokenomics structure
• Improved Sign-In with Ethereum (SIWE) implementation for token system
• Participated in Optimism governance voting

The team is focused on preparing the technical infrastructure for the $PNT token launch.​ Previous weeks saw the development of distribution APIs, dashboard design work, and contract reviews.​

Pheasant secured $2M in seed funding in December 2025 to advance its AI-powered intent system for cross-chain operations.​ The protocol processed $3.​2M in monthly volume across 14,125 transactions in December.​

The network supports bridging between Ethereum Layer 1 and various Layer 2 networks, with recent integrations including MegaETH Frontier Net and Unichain.​

A new non-custodial launchpad has been introduced, designed to serve a global community of builders.​

Key Features:

• Non-custodial infrastructure, allowing users to maintain control of their assets
• Built to support builders worldwide
• Continues development of launchpad infrastructure

The platform represents an evolution in launchpad technology, prioritizing user control and global accessibility.​ This follows previous commitments to building robust launchpad infrastructure.​

The non-custodial approach means users retain ownership of their funds throughout the process, reducing counterparty risk compared to traditional custodial solutions.​