TN Lee is Co-Founder and Chief Executive Officer at Pendle, a DeFi protocol deployed on Ethereum in June 2021 that enables users to tokenize and trade future yield. He has held a director-level role at Pendle since September 2020. Prior to Pendle, he worked at Kyber Network. He is based in Hong Kong and is fluent in English, Chinese, and Malay.

Under his leadership, Pendle grew its total value locked from approximately $250 million to a peak of $6.7 billion in June 2024, driven by demand for yield and airdrop point exposure across protocols including EtherFi and EigenLayer, before settling at around $2.7 billion by end of August 2024. The protocol experienced a 40% TVL decline at end of June 2024, attributed to the maturity of several liquidity pools. Lee has outlined a plan for the protocol covering the next two to three years, with Bitcoin restaking identified as a priority area, citing the Babylon protocol as a driver of new yield sources for Bitcoin holders. Pendle intends to offer exposure to Bitcoin-based airdrop points and stablecoin yields in this context. In 2025, Lee represented Pendle alongside Deutsche Bank, Morgan Stanley, BlackRock, Franklin Templeton, and Anchorage Digital in a meeting with Vietnam's Deputy Prime Minister in New York, where he made the case for asset tokenization in the context of Vietnam's International Financial Center.

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