Pendle Intern
@PendleIntern
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Chief Meme Officer (CMO) @pendle_fi || Shitpost Extraordinaire🥇|| Grand Wizard of Pendle 🪄 || Wingardium Leveyieldsa ⬆️
Borough of Pendle
Joined April 2023
Don't wanna be here?
Send us removal request.
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Pinned Tweet
While the rest of us are stuck with ~4% APY from
@ethena_labs
sUSDe, whales have been gobbling up close to 4.5x yield 🐳
And all it takes is just one single move - buy PT-sUSDe
🔹 sUSDe APY = 4.14%
✅
@Karak_Network
PT-sUSDe (26 Sep) = 17.61% Fixed APY
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Few understand the power of
@ether_fi
eETH on
@pendle_fi
...
Play your cards right here, and you'll not only be earning some good ETH yields, but also potentially 4, 5 digits worth of restaking airdrops.
Buckle up folks, here's how it should be done 🪂
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EigenLayer points have been trading for $0.31-$0.46 per point on
@WhalesMarket
.
Which also means at their current rate, 1 ETH worth of YT-eETH/YT-rsETH are tracking to generate over $13,000 worth of airdrops 👀
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GM, been receiving a lot of questions about YT-eETH so here goes.
The definitive guide to EigenLayer and
@ether_fi
points farming with
@pendle_fi
, including the steps needed to get your hands on your first YT-eETH 🪂
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YT-USDe Karak 🪂 Highlight
Now that
@Karak_Network
is in Pendle town, let's take a look at how their new USDe pool is doing for the YT apes.
TLDR:
• Figures based on 1,000 USDe buy of YT-USDe (Karak) at time of writing
• Daily XP Growth is overestimated at approximately
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You can buy restaking points on both
@pendle_fi
and
@WhalesMarket
at the moment - but which of these is better?
Let's find out 🧮
Spoiler - MAJOR arbitrage opportunities ahead 👀
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Y'all have witnessed the might and power of
@ether_fi
eETH on
@pendle_fi
.
Believe it or not, it's going to be even crazier for
@KelpDAO
rsETH.
You like points? Oh you're gonna love this.
eETH, but even MORE.
But hurry up, there's only limited time on some things... ⏰
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Get into the sheets with Intern: YT-eETH (Karak) 🍊
Underestimated Season 2 ETHFI due to some errors earlier. New updated projections:
Estimated APY - 293%
Estimated Profit - 52%
TLDR:
• Figures based on 1 ETH buy of YT-eETH (Karak) at time of writing (21.2% Implied APY)
•
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I don't think many have noticed this yet but ezETH by
@RenzoProtocol
on
@pendle_fi
has a shorter maturity than rsETH and eETH.
This means a higher leverage potential with YT-ezETH (the HIGHEST on Pendle at 13.6x now) letting you stack points faster than you can say "airdr.." 🧵
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Restaking is now on
@Arbitrum
, thanks to
@ether_fi
and
@pendle_fi
.
With LRT picking up steam, now is our best chance to get some high yields for our precious ETH, with some potential juicy airdrops to boot.
Here are the best resources (by yours truly) to get started 👇🏻
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While intern is a Pendle bullpostoooor he feels it is important to transparent and highlight the 𝐥𝐨𝐬𝐞𝐫𝐬 of these YT shenanigans.
Enter 0x7121c, the high 6 figure LOSER...
...Or is he
Read on as intern regales you on this incredible YT-USDe trade.
👇
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Symbiotic x Mellow x Pendle YTs 🍡
Projected ROI = 113%-145%
Projected APR = 1538%-1961%
Before you ape in with no regards, please understand that these numbers were conceived between an intense gym session and lunch on an empty stomach.
In other words, there is no world where
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Remember analytico.eth?
The biggest YT-eETH holder?
Fun fact - the user is about to get ~$3.6M worth of $ETHFI airdrop in Season 1 (assuming $5 per token) 😵💫
Huge chunk of this comes from their Pendle positions.
Taking into cost of YT acquisition, these Pendle trades are
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Now that $ETHFI is out, Intern has redone some of my previous LRT points projections/moonsheets, namely for
@RenzoProtocol
and
@KelpDAO
with revised parameters (modelled after $ETHFI 🙏🏻)
Spoiler alert - things are looking better, much better LOL, and this is for NEW YT buyers 👇🏻
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Fooled around with some
@ethena_labs
SATS projections and things are looking up for YT-USDe on
@0xMantle
👀
Based on current price of ~80% Implied APY so any lower + earlier and you should be looking at something even yummier
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Lots of users are asking "what's next" for
@pendle_fi
now that $EIGEN's out:
🔹 Points season ain't over yet, with Season 2 of
@ethena_labs
,
@ether_fi
,
@RenzoProtocol
and
@eigenlayer
ongoing. Decent allocation here + potential chance for higher share with YTs especially with
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Crypto's a dangerous world, fraught with scams, frauds, and unscrupulous characters.
Here's the Ultimate Opsec Guide that EVERYONE needs to protect your magic internet money 👇🏻
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Intern often gets questions about how marketing/content creation works in this space.
You can't run it like a traditional corpo in this space.
Crypto is an entirely different ball game that demands an entirely different beast.
Keep in mind that Intern's going rogue here and
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THIS IS IT.
The one glance overview Pendies n̵e̵e̵d̵ deserve to ape irresponsibly -
@ethena_labs
edition 😉
Summary:
YT-USDe (25 July)
[80% profit, 1801% APY]
🔹In terms of 𝙥𝙪𝙧𝙚 $ENA exposure, YT-USDe (25 July) on Ethereum is the best
YT-sUSDe (25 July)
[91.4% profit,
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If you snagged yourself 60% APY on $ETH by scooping up some PTs, you're probably thinking:
𝑆𝑢𝑟𝑒𝑙𝑦... 𝑠𝑢𝑟𝑒𝑙𝑦 𝑡ℎ𝑎𝑡'𝑠 𝑎𝑠 𝑔𝑜𝑜𝑑 𝑎𝑠 𝑖𝑡 𝑔𝑒𝑡𝑠...
I'm here to tell you now - respectfully - that's just the beginning.
Let's put those PTs to work 👇
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OKAY HERE'S THE YT MOONSHEET FOR THE LATEST
@ethena_labs
sUSDE POOL:
sUSDe (26 Sep)
Expected Profit: 76%-105%
Expected APY: 638%-1165%
New sUSDe pool seems to offer the best absolute returns when factoring in funding rate yield too.
Even if yield drops to 15% APY, expected
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CT's been hard shilling $ENA lately so Intern took a closer look to see what's up and let's just say
@ThorHartvigsen
and
@Defi_Maestro
seem like they know what they're talking about 🧐
If you're looking to score more $ENA ahead of this romoured omega bullnews, or maybe you're
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Cooked this up for all you
@ethena_labs
Sats apes out there 👩🏻🍳
In all cases, splitting your capital between YT-USDe + YT-ENA > YT-USDe lets you earn more Sats/day.
Another underlooked aspect of this strategy is the 𝒍𝒐𝒏𝒈𝒆𝒗𝒊𝒕𝒚 of it...
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45.8% APY LMAOOO
These
@pendle_fi
x
@yearnfi
auto-rolling PT vaults are disgusting and I love it
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Farming
#restaking
points on
@pendle_fi
is like a cheatcode.
While others are slaving it in the battlefield with hoes and rakes, some are already rolling in a colossal, cosmic-powered, Pendle shovel.
You don't know how powerful this is, not until you see this 👇🏻
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MegaETH sounds like it can be Pendled
Yesterday, MegaETH raised $20M at a 9-figure valuation.
It is backed by CEOs of Ethereum, EigenLayer, and Consensys,
They said, "It will have 100K TPS"
Everything you should know about this L2 🧵👇
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New: YT-sUSDe Karak 🪂 Highlight
By popular request, here's the sUSDe version of
@Karak_Network
YT on Pendle:
Estimated Total APY = 730%
Estimated Profit = +98%
TLDR:
• Figures based on 1,000 USDe buy of YT-sUSDe (Karak) at time of writing (31.3% Implied APY)
• Daily Karak
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Y’all are crazy, 300M USDe total caps reached for both Ethereum and Mantle pools on
@pendle_fi
in just half a day lol
Steady lads…
🫡
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So the year is 2024 and you've 𝑓𝑖𝑛𝑎𝑙𝑙𝑦 decided to delve into those YTs and you're thinking to yourself...
...why in
@tn_pendle
's gracious name are people aping into this so hard that PTs are paying out 60% APY?
Let's take a look at some NFA numbers 👇
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For all intents and purposes, these 2
@ether_fi
eETH pools are pretty much the same thing.
Same underlying asset in eETH.
Same maturity.
The only difference is that in the
@ZircuitL2
variant you're getting 2x Zircuit Points on top of 2x EtherFi Points + 1x EigenLayer points😼
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If you saw the brand new weETHs AKA Super Symbiotics LRT market on
@pendle_fi
and are scratching your head on "what the hell does this even mean"
𝐖𝐄𝐋𝐂𝐎𝐌𝐄 𝐓𝐎 𝐓𝐇𝐄 𝐂𝐋𝐔𝐁
Today your favourite intern is going to break it down REAL SIMPLE 👇
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Another restaking points pulse 🧮
Seems like points are potentially still undervalued, especially when it comes to YT on
@pendle_fi
.
👉🏻 Points on Pendle going as low as ~$0.069 😉
👉🏻 Points on
@WhalesMarket
selling for ~$0.1497
Potential value of EigenLayer point = $0.27 😳
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Wewww this 9-fig legend woke up and just casually yeeted $35M into
@RenzoProtocol
PT-ezETH on Ethereum
🔹 10,000 ETH in
🔹 10,182 ETH out
🔹 60% Fixed APY
🔹 +182 ETH / +$640k
🔹 All these in just freaking 14 days
When you're this loaded, Fixed Yield really is the way to go 👍🏻
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The
@ether_fi
fans saw what was happening to rsETH and ezETH and decided to one up them 😐
ATH Implied APY @ 60% for eETH on
@Arbitrum
, another chance for YT-eETH folks to TP and earn points for 𝑭𝑹𝑬𝑬
This should get you healthy boost in the Pendle Trading Comp too 👀
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Mellow x Pendle LRTs (Updated with
@symbioticfi
Points)
wstETH cap on Symbiotic had been lifted, and majority of Mellow LRTs' TVL is now on Symbiotic, which also means Symbiotic Points are now in play on
@pendle_fi
.
With this, Intern decided to relook into the Mellow YTs but
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With so many pools hitting maturity recently on
@pendle_fi
, it's perhaps time to have a look at some of the biggest PT winners from this round.
⚠️ Warning, proceed with caution, may evoke intense feelings of extreme FOMO and jealousy
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EVERYONE IS WINNING IN
@pendle_fi
sUSDe (Sep 2024)
----------
1) PT-sUSDe
News flash - fixed deposit is in DeFi now, and it's one of the best ways for whales to grow their capital.
You can ape in with size to secure 38% Fixed APY, which works out to ~11.5% profit in just 4
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Points. Yield. $PENDLE. For aspiring Pendiddlers, this is all too much.
Intern's broken down 3 key strategies to new enjoyooors:
1⃣ 𝐏𝐨𝐢𝐧𝐭𝐬 𝐌𝐚𝐱𝐢
2⃣ 𝐓𝐡𝐞 𝐀𝐧𝐭𝐢-𝐅𝐔𝐃
3⃣ 𝐁𝐚𝐥𝐚𝐧𝐜𝐞𝐝 𝐅𝐚𝐫𝐦𝐨𝐨𝐨𝐫
Let's find your fit using our $eETH pool as an example.
👇
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"Provide liquidity on
@pendle_fi
via Zero Price Impact (ZPI) mode to retain all point exposure"
But WTF is ZPI?
How do you use it and how does it work?
If you want to max out your points and returns from LRT, you're gonna want to know know this 👇🏻
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YT-rsENA - The best way to earn Symbiotic Points?
Fact - every
@symbioticfi
asset has now reached its cap, except for this little o' thing called $ENA 😋
Now that
@mellowprotocol
rsENA is finally on
@pendle_fi
, this would also make YT-rsENA the only YT earning Symbiotic Points
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The ultimate PT-rsETH and PT-eETH looping strategies are open for business again on
@SenecaUSD
.
If you have these PTs, there's little reason to NOT do this.
With this, you can pretty much supercharge your ETH Fixed Yields for free, taking that juicy APY up to 115% and beyond 🚀
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Pendle isn't in its final form yet, not even close.
Points Meta has pretty much Pavlov-ed Pendle for degens, teaching them yield trading without them even knowing it 😏
It's done wonders for our growth and education, but it pales in comparison still to what we have planned for
The doors to Project Permissionless are opening:
+ Standardized Yield
+ Open Access, Plug-and-play market creation
+ Scalable (Thanks to
@KyberNetwork
and
@LayerZero
)
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Update:
@ether_fi
eETH Implied APY shot up from 18% to 28% in just a day WTF.
I know YT's the fan-favourite now it's $ETH here for 28% FIXED YIELD.
Funnily, this also means a "lossless" airdrop farming strat is now viable and you can now farm FOR FREE👇🏻
Few understand the power of
@ether_fi
eETH on
@pendle_fi
...
Play your cards right here, and you'll not only be earning some good ETH yields, but also potentially 4, 5 digits worth of restaking airdrops.
Buckle up folks, here's how it should be done 🪂
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TradFi is paying attention to EigenLayer and Restaking - are you?
Next edition:
Pendle: The Blackhole for LRTs
EigenLayer: The Blackhole for Ethereum
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WE DID NOT REGAIN ACCESS.
Until you have confirmation from
@tn_pendle
or me, do not engage with
@pendle_fi
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DO NOT INTERACT WITH THAT AIRDROP POST FROM
@pendle_fi
That is not from the official team.
There is no PENDLE airdrop.
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Projected numbers for Season 1 of LRT +
@eigenlayer
airdrop based on Intern's earlier thread below.
This Pendie bought 3 ETH worth YT-eETH right after the post and are looking at some pretty hefty returns from $EIGEN + $ETHFI 👀
TL;DR
Looking at $EIGEN price on
@aevoxyz
+
Few understand the power of
@ether_fi
eETH on
@pendle_fi
...
Play your cards right here, and you'll not only be earning some good ETH yields, but also potentially 4, 5 digits worth of restaking airdrops.
Buckle up folks, here's how it should be done 🪂
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Has
@KelpDAO
discovered the secrets to ETH staking/restaking? 🤔
rsETH yield is now at 8.22% APY, higher than the Implied Yield...
If this sustains, YTs will be profitable even without points 👀
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Super Symbiotic LRT sounds Pendle-able 🤔
Announcing the Symbiotic LRT $weETHs called Super Symbiotic!
Users will be able to deposit any kind of LST token and earn Symbiotic points, points and Veda points. Triple points madness!
👇🧵
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USD0++: Usual Money with Unusual Yields 💵
@pendle_fi
's new RWA addition, a T-Bill backed stablecoin, has been one of the hottest assets on the market.
With Pills (i.e. points for
@usualmoney
), you'll be able to land some $USUAL on snapshot day, slated to be 6 November 2024.
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GM to the OGs who've been here since this dropped 👇🏻
Few understand the power of
@ether_fi
eETH on
@pendle_fi
...
Play your cards right here, and you'll not only be earning some good ETH yields, but also potentially 4, 5 digits worth of restaking airdrops.
Buckle up folks, here's how it should be done 🪂
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Bored of points?
Or maybe you just wanna switch things up for some FIXED yield?
Say no more as Intern introduces you to the hardest hitting PT-leverage farms for up to 4.89x your base yield (41% APR in some cases)
Let us take a proverbial GEEZE, friendinos 👇
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Offering some new perspective on the "imminent"
@eigenlayer
TGE as CT seems to claim.
Short-dated YTs are the goldmine now for those punting on TGE soon, which that doesn't mean long-dated ones should be shunned like the plague now.
Remember - play both sides 🧘🏻♀️
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YT-eETH is in for a treat 😗
If you already own YT-eETH or you're planning to shop for some, here are some quick math for reference 🧮
Based on 100% filled prices on
@WhalesMarket
for EtherFi and EigenLayer points, 1 YT-eETH is generating ~$34.36 in the best case scenario.
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PT-eETH (27 June) has been the hottest commodity on
@pendle_fi
🔥
Largely thanks to these 2 whales that have accumulated ~62,505 PT-eETH in the past 3 months:
> 0x0f1 spent $105M on 33,430 PT-eETH for 22%-47% APY
> 0xdde spent $89M on 29,075 PT-eETH for 21%-45% APY
Why? 👇🏻
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Heh so $KEP is finally live, and we can finally do some fancy DeFi footwork with this 😏
With
@pendle_fi
, all the $KEP owners can basically get MORE points, for free.
Here's how 👇🏻
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Let's be honest - points ain't for everyone.
They're like soft promises whispered into your ear, a great tease that may or may not work out 🤷🏻
Looking for something more concrete? Stable?
If you think Walter White's yield is pure, wait till you get a load of this 💦
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The Season 1 $ENA Big Winner at it again.
This OG YT-USDe accumulatoor:
> Bought 1.34M PT-USDe between 130%-178%
> Started selling PT → YT + Buying YT below 97%
> Up to 4.22M YT-USDe
Running it back full steam ahead for Season 2
@ethena_labs
Sats campaign 👀
While intern is a Pendle bullpostoooor he feels it is important to transparent and highlight the 𝐥𝐨𝐬𝐞𝐫𝐬 of these YT shenanigans.
Enter 0x7121c, the high 6 figure LOSER...
...Or is he
Read on as intern regales you on this incredible YT-USDe trade.
👇
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Chad spent $3.5M buying up
@ethena_labs
PT-USDe between 35%-106%.
Redeemed it all today for $3.668M, bagging a cool +$168k in 1 month 🫡
Not as flashy as $ENA but profit is profit and this is the closest thing to "risk-free" you can get in
#DeFi
3️⃣ PT-USDe
You can redeem your PT for the underlying USDe at
Every 1 PT-USDe is redeemable for 1 USDe.
You can also pick a different output from USDe, and Pendle will automatically swap the newly redeemed USDe into the asset of your choice.
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Picture this: You are a USD enjoyooor looking for 𝑓𝑖𝑛𝑒𝑠𝑡 yields known to man.
BoA: subpar customer service, aggressive colour schemes (red makes you hangry), chuckling amongst themselves
BoP: exceptional service, handsome clerk, good eye contact
Now let's talk yield 👇
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With sUSDe printing so hard, decided to update the latest projections and in the words of the greatest pop supergroup to ever exist - Mamma Mia
sUSDe pool on
@pendle_fi
is capped now so some numbers such as YT amount is based on the previous update.
Yield is of course dependent
To date the sUSDe contract has received protocol yield attributable to assets backing staked USDe, with the protocol retaining the remainder
As of today, the retained portion is reduced to 20%, with the remainder going to the sUSDe contract
As a result sUSDe APY = 37.2%
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Hear me out, YT-eETH might just be the hottest Prada in town right now.
With the announcement of the Final Countdown from the
@ether_fi
team, we can dig into some calculations for Etherfi points.
The Final Countdown is on from now until March 15!
For every 50k eETH staked over the next 2 weeks, we’ll top-up our community allocation by 0.25% (up to 2%) for a total allocation of up to 10%!
50% of the top-up will go to new minters, and 50% will go to previous users.
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analytico.eth is probably the best YT trade in the history of
@pendle_fi
As one of the largest YT-eETH holders:
> Spent 247 $ETH buying YT
> YT worth up to 305 $ETH now (+58 ETH unrealized profit)
Note: only taking into account 3,003 YT-eETH that was bought and not minted here
One of the most infamous on chain farmers of recent years is analytico.eth.
If ur a farmer, I'm sure this $30m address isn't new to you.
Wallet operator extremely bullish on EigenLayer points.
And they doubled down, buying insane amounts of
@pendle_fi
YTs
But that's not all.
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This is probably the most capital efficient way to farm
#restaking
points.
Now that the Arbitrum eETH pool (boosted version by
@Penpiexyz_io
) is available on on
@stellaxyz_
, we can now loop this LP position at 0% borrow cost.
In other words, you're stacking points for FREE 🚀
The
#LRT
season has officially started on Stella☄️
Users can now open up to 10x leveraged LRT positions with $eETH LP on Penpie.
All with 0% cost to borrow🔥
See how Stella’s leverage makes everything even better for
@ether_fi
@penpiexyz_io
@pendle_fi
🧵👇
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Having just chatted about point efficiency on near vs. long-dated pools, you might think 𝑤ℎ𝑜 𝑐𝑎𝑟𝑒𝑠.
If you think TGE is imminent, near-maturity pools are the 𝐦𝐨𝐬𝐭 capital-efficient point exposure.
Let's see some recent YT-ezETH trades for our 5 day expiry pool.
👇
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The apes are strong with
@ethena_labs
PT-ENA 🦧
YT-ENA made a rally since the post below to ~87% Implied APY, before the PT whales came over and pushed it back down to ~68%.
c'est la vie.
But hey, good news for YT apes, means YTs are cheaper than ever now.
At the current $ENA
CT's been hard shilling $ENA lately so Intern took a closer look to see what's up and let's just say
@ThorHartvigsen
and
@Defi_Maestro
seem like they know what they're talking about 🧐
If you're looking to score more $ENA ahead of this romoured omega bullnews, or maybe you're
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The actual intern is on leave and I (marketing manager) have absolutely no idea how to run this account....
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With Ethereum's major 2024 upgrade coming, there's just one question on everyone's mind:
𝐻𝑜𝑤 𝑡𝑜 𝑠𝑝𝑖𝑛 𝑡ℎ𝑖𝑠 𝑖𝑛𝑡𝑜 𝑠𝑜𝑚𝑒 𝑓𝑟𝑒𝑠ℎ 𝑃𝑒𝑛𝑑𝑙𝑒 𝑏𝑢𝑙𝑙𝑝𝑜𝑠𝑡𝑖𝑛𝑔?
Introducing: Pencun™️ (formerly Dencun); Pendle's very own Etheruem upgrade
👇
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Was at a family dinner last night. 14 years old cousin said she saw Pendle on Bloomberg and asked me what "restaking" is.
Kinda rude of her considering I was halfway through slurping my Buddha Jumps Over The Wall. But also got me thinking how I could ELI14 Pendle so here goes:
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𝐒𝟏 𝐏𝐞𝐧𝐝𝐥𝐞𝐭𝐡𝐞𝐧𝐚 𝐢𝐬 𝐝𝐞𝐚𝐝, 𝐋𝐨𝐧𝐠 𝐥𝐢𝐯𝐞 𝐒𝟐!
What a lovely bunch of YT-(s)USDe winners, would be a shame if a new crop of Pendiddlers
PUT 👏 THESE 👏 FOOLS 👏 TO 👏 SHAME.
Time to recap Ethena's S1 and see how they won (HINT: they pressed the 🟢 button)
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With the point farming craze, most people have probably forgotten that purchasing YT stands for 𝑌𝑖𝑒𝑙𝑑 Tokens.
This means you get the 𝑌𝑖𝑒𝑙𝑑 of the underlying.
When you look at our YT-sUSDe vs. YT-USDe pool... most people have 𝐝𝐞𝐟𝐢𝐧𝐢𝐭𝐞𝐥𝐲 forgotten.
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YT-sUSDe (Karak) vs. YT-sUSDe (Sep 2024) 🍊
Have received quite a few requests for
@ethena_labs
YT-sUSDe update, so here's a quick look at the two Sep 2024 maturity pools on
@pendle_fi
👇🏻
Karak YT-sUSDe
Estimated APY = 598.71%
Estimated Profit = 85.33%
--------
YT-sUSDe (Sep
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YT (and LP) has satisfied a lot of Pendies lately, thanks to the juicy $ETHFI airdrop from
@ether_fi
😋
Mind you, we haven't even accounted for the value of
@eigenlayer
points, which could be a whole other beast altogether.
Here's a look at some of the biggest winners 👇🏻
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Unpopular opinion 😤
Bidets are superior, period.
Don't care if it's 3-ply, gold foil you're wiping with, there'll always be crusts and nuggets still clinging to some hair, and wipes are just smearing the paste into your hair follicles.
But with water? You can be 99.9% sure
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One of the best ETH F̵i̵x̵e̵d̵ Yield opportunities across DeFi is running out quickly on Pendle 🏃🏻♂️➡️
Consider this
@symbioticfi
x
@mellowprotocol
x
@Re7Capital
LRT:
• 25-26% Fixed APY
• 1 month to maturity (25 July 2024)
Exactly the kinda thing that both granny and hedge
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So PT-dUSDC just quietly became one of the best stablecoin yields on
@Arbitrum
🤫
15.85% Fixed APY, one of the highest out there (if not the highest).
On a risk-adjusted basis, it's hard to find something better
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PT-eETH (Ethereum) is now supported on
@SenecaUSD
.
With this, we'll be able to supercharge our PT-eETH Fixed Yield from ~26% up to ~118% APY.
And all it takes is just a simple, good o' looping strategy 🔁
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Everyone's talking about the $ETH symbol in Roaring Kitty's video but Intern's more interested in whatever the hell this is 👀
cc
@pendle_fi
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Your grandma gets 3.5% from the bank in 1 year.
But you, you know better. You can do better 🐳
sUSDe on Pendle.
Maturity on 25 July 2024.
48% Fixed APY.
4.97% ROI.
48 days.
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Now that we have confirmation on
@RenzoProtocol
$REZ airdrop allocation, decided to simulate some numbers for those early buyers from Intern's thread below and well... 🚀🚀🚀
Heh seems like you'll only need only EITHER one of $REZ or $EIGEN to profit:
I don't think many have noticed this yet but ezETH by
@RenzoProtocol
on
@pendle_fi
has a shorter maturity than rsETH and eETH.
This means a higher leverage potential with YT-ezETH (the HIGHEST on Pendle at 13.6x now) letting you stack points faster than you can say "airdr.." 🧵
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You've probably noticed Pendiddle now has two pools for
@ether_fi
$eETH for all your point-y goodness.
But what's the difference?
Which one's better?
This, as with many questions, is down to what 𝐲𝐨𝐮 want to get out of the point game.
Let the intern walk you through it 👇
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We like fixed-yield.
We like leveraged-fixed-yield.
How about, leveraged-fixed-yield-with-fixed-borrowing-cost?
Everything is DETERMINISTIC.
The ultimate fixed-yields strategy with PT-eETH, only with
@pendle_fi
,
@SiloFinance
and
@ether_fi
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New year, new opportunities.
Here are some of the things that intern is personally excited for in 2024 🎆
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PT-rsENA is at 88.39% Fixed APY now.
The number itself is juicy, that's for sure, but what does it really mean?
Intern breaks down one big reason why you should be holding
@pendle_fi
PT-rsENA instead of ENA 👇🏻
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GM Pendle enjoyooors,
You might have seen /certain_individuals/ printing egregious sums from their vePENDLE positions.
But how did this happen? And how can you replicate it for yourself?
Lets go through how vePENDLE works 👇
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Many moons ago PTs had one job: fixed yield on the hardest hitting blue chip tokens.
While they still do that today, there's a whole lot more 𝒉𝒆𝒂𝒓𝒕 to them these days.
Here's a peek at what sorta DeFi magic PTs can unlock for you 👇
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If you've been point trading, one thing has probably been on your mind:
𝐹𝑈𝐷
𝐴𝑏𝑏𝑟𝑒𝑣𝑖𝑎𝑡𝑖𝑜𝑛; 𝑓𝑒𝑎𝑟, 𝑢𝑛𝑐𝑒𝑟𝑡𝑎𝑖𝑛𝑡𝑦, 𝑑𝑜𝑢𝑏𝑡.
However, we actually have 𝐦𝐮𝐜𝐡 more clarity on the true value of points thanks to extra information from Eigen and LRTs
👇
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Lmaooo YT-eETH just became so much more powerful
EigenLayer Points + EtherFi Points + $ALT maybe?
🪂🪂🪂🪂🪂🪂🪂
Few understand the power of
@ether_fi
eETH on
@pendle_fi
...
Play your cards right here, and you'll not only be earning some good ETH yields, but also potentially 4, 5 digits worth of restaking airdrops.
Buckle up folks, here's how it should be done 🪂
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Ethena is airdropping 750 million $ENA (5%) supply in Season 1
Pre-sale $ENA is going for $0.645 on
@aevoxyz
, which places it at ~$9.675B valuation
And because intern's an onchain busybody I checked on my old pal analytico.eth again (fun fact - they're also one of the biggest
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King Karak LRT 👑
@ether_fi
x
@Karak_Network
YT-weETHk is now trading at ~10.8% Implied APY, which seems relatively low, especially when you compare it against eETH (26 Sep) of the same maturity (trading at ~6.5% Implied APY), with fewer points exposure AND lower multipliers 🤔
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I'll try to TLDR ELI5 this:
YTs "emit" value to you continuously, overtime.
This comes in the form of yield or in recent case, points.
As such, YTs lose value overtime, ceteris paribus.
Since YTs cost less closer to maturity, you can buy more YTs with 1 ETH than you could
Pendle's success this year has caused quite the buzz on CT. I've been tinkering with the protocol for a while and wanted to share some of my learnings
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Are airdrops
#ezpz
with pzETH? 🪂
It's McDonald's 🍟season so numbers will be reflected accordingly in the Sheets 🙏🏻 Still, there's quite a bit of brightside to be found in
@pendle_fi
YT-pzETH.
But fair warning - we're venturing into a magical land of hopium and assumptions
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The infinite sum game taking another step forward ♾️
Lots of people wondering "What's after points?" are forgetting the bigger picture.
You're getting a glimpse of it right here. Infinite scaling. Infinite yield.
And AVS rewards aren't even live yet.
IYKYK.
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Rock Hard
@Bedrock_DeFi
Diamonds 💎
Woke up fiddling in the sheets as intern usually does and came across a gigantic, rock hard surprise for
@pendle_fi
YT-uniETH.
Slathered on some somewhat conservative (in my opinion) assumptions but you can decide for yourselves 👇🏻
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PENDLE is an altcoin governance token with claims on yield trading revenues, and they operate a multi-chain yield trading dex that trades RWAs AND LSTs AND LRTs AND points AND are launching a V3 AND their CEO is bald
COIN is an altcoin governance token with legal claims on treasury, and they operate a cross chain dex AND bridge AND staking service AND are launching a Layer 2 AND their CEO is bald
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