TN Lee is a prominent figure in the cryptocurrency and Web3 space, primarily known as an angel investor. He has invested in projects like Joyn and Alliance DAO, focusing entirely on Web3 ventures. TN Lee's contributions to the crypto ecosystem include involvement in early-stage fundraising rounds, such as Alliance DAO's $50 million seed round in January 2022 and Joyn's $3.5 million round in April 2022.
TN Lee is a co-founder of Pendle Finance, a decentralized finance (DeFi) protocol focused on tokenizing and trading yield-bearing assets. Prior to founding Pendle, Lee was the Head of Business at Kyber Network, a well-known blockchain liquidity protocol. His experience in the DeFi space has been instrumental in developing Pendle into a leading platform for yield trading, offering innovative solutions such as splitting assets into Principal Tokens and Yield Tokens for flexible yield management strategies.
Pendle Finance, launched in June 2021, has attracted substantial investment and adoption in the DeFi ecosystem. With backing from investors like Bitscale Capital and Crypto.com Capital, it secured $3.7 million in early funding. The platform operates on Ethereum, Arbitrum, BNB Chain, and Optimism, and as of 2024, it boasts a Total Value Locked (TVL) exceeding $2 billion.
Credit: @when-shift-happens
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