[Pendle Adjusts PT Circular Trading Fees to Automatic Regulation Mode] Pendle announced that it has adjusted the fees for PT (Principal Token) circular trading to an automatic regulation mode, with the rate set at approximately 10% of the circular trading APY and capped at 10 basis points (i.e., 0.1%). This means that as the maturity date approaches, the rate will decrease accordingly; for circular trading with lower APY, the fees required will also be significantly lower than before.