Just went out for a meal and came back to find that the TVL of $thBILL has exceeded 200 million dollars, and the price has risen to 1.009. Pendle has just launched the lending market for $thBILL PT, directly integrated with @Morpho, and Arb has also started offering incentives. This means that $thBILL can not only be used to earn stable returns, but can now also be split into PT + YT to repeatedly extract liquidity on DeFi. Hyperithm has provided a batch of USDC as a collateral pool, and it is already possible to borrow using $thBILL. Unlike the traditional government bond model, every step here is done on-chain, from minting to vault, and then to collateralized lending. $thBILL can be considered a cash-like RWA, balancing between liquidity and security. @Theo_Network @KaitoAI #KaitoAI