Previous maturity was good, but this short-dated one is even BETTER. That means ~3x higher velocity of PEAKS earning > 10,500,000 Peaks guaranteed for YTs - MINIMUM > 100,000,000 Peaks total issuance - MAXIMUM > TGE in October 2026 > $6.5M FDV to breakeven (assuming 2x current YT TVL + maximum Peaks) All @SierraIsMoney needs to do is TGE for YTs to 🖨️🖨️🖨️

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 🪂

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 👀

If you didn't already know, Pendle LPs of the following pools are in line for some EXTRA FREE MONEY 🪂 • Corn LBTC 26DEC2024 • Corn SolvBTC.BBN 26DEC2024 • eBTC 26DEC2024 Thanks to @Infinit_Labs' airdrop campaign, you can now get >25% on $BTC with Pendle 👇🏻

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 🪂

USUALx on @usualmoney = 781% APY YT-USUALx on Pendle = 17,151% APY How...where...who...𝒏𝒂𝒏𝒊?! Here's all you need to know and how you can take your USUALx yields to 𝒖𝒏𝒖𝒔𝒖𝒂𝒍 levels USUALx Megathread 🧵👇🏻

The HYPE airdrop was crypto's largest wealth generation event representing a $12b liquidity injection. As the largest protocol in the @kinetiq_xyz ecosystem, there's opportunity for sidelinooors to run it back. Upwards of 230% Pendle-powered RoI on YT-kHYPE? Let's explore. 👇

Wooohoooooooo Pendle has officially launched on @Plasma for a grand total of NEGATIVE 15 minutes and already we have ~$30M in TVL. Higher. TRILLIONS.

Aave = Billions Aave + Plasma = Trillions Aave + Plasma + Pendle = Gorillions Few

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 +50% more than current • End of September snapshot assumption for Karak • FDV of $2B + 5% airdrop assumed vs. FDV of ~$15B versus EigenLayer • Ethena TVL growth trajectory based on last ~14 days • Maintaining the same ENA airdrop projections, Pendle market is only valuing Karak airdrop at ~$250M FDV (with 5% airdrop) based on current Implied APY, which seems low 💵 Estimated APY = ~728% 💵 Estimated Profit = $980 (+98%) Disclaimer: These are just morning musings of a marketing Intern before my coffee break and should never ever be construed as financial advice in any way, shape or form. You are however encouraged to absorb the spiritual positivity from such posts. Namaste NFA DYOR🙏🏻

If you're holding spot $HYPE you need to dump it NOW Here's why 👇

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 👀

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... ⏰

If I had 7 figs in crypto, I’d spend hours studying protocols on Pendle PTs are one of the cleanest edges in crypto: - PTs let you lock in a fixed rate, while others gamble on direction - Predictable, consistent yield, perfect for preserving and compounding large stacks - Steady compounding without the stress, yield that you can actually sleep on especially with blue-chip assets PTs are how 7 figs stay 7 figs, and grow quietly in the background to 8 figs If you don’t know what the fuck I’m talking about, go study

Earn 133% APY on $USDC in four easy steps: 1. Deposit $USDC 2. In the aUSDC pool 3. ? 4. 133% APY Could've just said one step but four steps sounded cooler 🤷‍♂️

Step 1: Buy @kinetiq_xyz PT-vkHYPE (15.28% Fixed APY) on Pendle Step 2: Short same amount of $HYPE on @HyperliquidX (93% APR) That's it. You're now enjoying a delta-neutral, blended yield of ~54% APR. No matter which way $HYPE price swings, your position will be covered. $HYPE funding is off the roof now so this is a super profitable play now, just need to monitor this incase it turns negative. The good thing? Unless funding swings super negative for the long run, your Fixed Yield of ~15% should cover most cases. Only thing missing here is a @boros_fi market to lock in the funding and ride this worry free mmmmm~ Enjoy.

The premise is simple. Buy $1 for $0.93. Wait till maturity. Redeem. Profit $0.07. This is the basis of how Fixed Yield works on @pendle_fi. Buy a discounted asset. Redeem for full value at maturity. The price appreciation constitutes your "Fixed Yield". In traditional finance, this role is normally fulfilled by stuff like T-Bills, bonds, term deposits... often ranging in 3%-5% in yield. On Pendle, Fixed APY for stablecoins can go as high as 17%-18%. For context, even high risk, CCC-junk bonds only offer ~12%. Now ask yourself this, which one would you trust more? A permissionless fixed yield contract governed by code, or the "trust me brah" of a dilapidated strip mall on the verge of financial ruin? As romantic and dreamy as it sounds, stuff like HarryPotterObamaSonic10Inu won't be ones to lure in big peepees like Blackrock and Fidelity. They need stability. They need familiarity. They need to feel comfortable parking billions and trillions, knowing it won't go tits up in the next minute. Fixed Yield, ladies and gents, is our best chance of onboarding these mfs into DeFi. And Pendle is the gateway. But but who the hell and what the f*ck is Pendle and why should we trust you? To that I say we're the largest crypto yield trading platform in the world, having settled over $58 billion worth of Fixed Yield. Pendle works. Over $13B have decided to trust Pendle. Have you?

whoever wins the @HyperliquidX USDH bid pendle is ready 🫣

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) • Daily Karak XP Growth is overestimated at approximately +50% more than current • End of September snapshot assumption for @Karak_Network • FDV of $2B for Karak + 5% airdrop assumed vs. FDV of ~$15B versus EigenLayer • EtherFi points growth rate based on past ~7 days figure • Underlying APY of 2.57% assumed for eETH • $EIGEN is NOT taken into account here, neither is the potential value of EtherFi Points post Season 2 (i.e. subsequent seasons) ---------- Disclaimer: NFA. Despite the rampant rumours, Intern isn't a psychic. Numbers are not indicative of the future, and should never be construed as financial advice in any way, shape or form. How much are points worth? Will the airdrops be able to cover your YT investment costs? No one knows for sure. We can only guess. Please DYOR and ape responsibly Salam 🍊

I don't think many have noticed this yet but ezETH by @renzoai 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.." 🧵

If you're bullish @ethena (you should be), the best way to capitalize is through $ENA exposure. $ENA on the spot market? 🧠 $ENA on the discount market? 🧠🧠 $ENA on the lottery market? 🧠🧠🧠 Here's up to 82% APR on Pendle powered by ENA. 👇

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 👇🏻

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. 👇

Last cycle, 15-20% APY on 'stable' coins was the harbinger of some very dark times. This cycle, 15-20% APY on stablecoins is just business as usual... and now as FIXED yield. No trickery. No tomfoolery. No shenanigans. Just some good ol' fashioned Pendle Ethena Terminal 😋

The first AI pool is now on @pendle_fi. But WTF is Aerodrome VIRTUAL/cbBTC? TLDR ELI5 It's polygamy (with consent + blessing) for your precious capital 5̶5̶%̶ ̶A̶P̶Y̶ → 317% APY More details 👇🏻🧵

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 these should ever be construed as financial advice. Lots of assumptions were made, so please DYOR and take the time to understand them 👇🏻 @symbioticfi Point • Symbiotic Points are NOT being accrued by YTs at the moment, not until a cap increase by Symbiotic is able to accommodate them. For now, assumption is that you'll only be getting Symbiotic points for ~50% of the days (from now until maturity) • Current points are derived based on Daily TVL record from @DefiLlama, multiplied by the base rate of Symbiotic Points (0.00025 point/day per $) • Daily Points Growth have a 10x multiplier, meaning the number shown here is 10x more than the current estimated rate. In other words, numbers are more conservative. • FDV of $10B assumed + 5% airdrop allocation + snapshot on 30 Sep 2024 @mellowprotocol Points • Mellow LRTs are earning 3x boosted rate at the moment on @pendle_fi. Once SYMBIOTIC caps are lifted, this reverts to 2x boosted rate (for Pendle only). Assumption here is that you'll get the boosted 3x rate for 50% of the days only. • Daily Points Growth also have a 10x multiplier, meaning the number shown here is 10x more than the current estimated rate. In other words, numbers are more conservative. • FDV of $750M assumed + 5% airdrop allocation + snapshot on 30 Sep 2024 Remember - Mellow YTs have no yield and are points only. ROI is estimated based on these assumptions and numbers, which may or may not be correct. How much are points worth? Are they enough to recover your YT costs? No one knows for sure, please DYOR and of course, NFA 🫡

HYPE showed us crypto with infinite buy-side demand. kHYPE gave it yield and points. PT-kHYPE transmuted points into more yield and made it fixed. With @hyperlendx, we have the opportunity to package all the above into what the people REALLY want. 35% APY on HYPE LESKOOO 👇

incoming new profile pic in a few more days? a couple more weeks? meh who knows 🤷‍♀️

So you're telling me $ENA from Ethena Season 5 will only be worth 0.33%? The fastest growing stablecoin in the world? The one that just got on Binance Earn? And is now building a permissioned instance to onboard trillions of dollars from institutions? And that's worth 0.33% APY? In the words of the wise o' @jimcramer: "Every once in a while, the market does something so stupid it takes your breath away"

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 about to net $1.7M wewwww 💦 2 words come to my mind about this: "kudos" and "daddy?"

IF YOU'RE EARNING LESS THAN: 📌 69% (nice) APY on $S 📌 42% APY on $USDC YOU'RE LITERALLY LEAVING MONEY ON THE TABLE. $PENDLE INCENTIVES HAVE JUST GONE LIVE ON SONIC WHICH MEANS LP YIELDS HAVE GONE INTO THE STRATOSPHERE. CAPS LOCK ON. 👇

first 100m pool on hyperevm woo

USDai's upward depeg is a fascinating case study into stablecoin mechanics, PT <> YT flows, and basic economic principles that underpin DeFi. WTF is intern waffling about? Let me break this SILLINESS down and how YOU could have capitalized. ___________________________________________________ Unlike MOST depegged stablecoins, USDai by @USDai_Official depegged in an UPWARD direction. What this means is that traders are currently willing to pay more than $1 for something that should be valued EXACTLY $1. Your first instinct is probably "what type of regard is buying $1 for more than $1" and I'd USUALLY be in agreeance. The difference is that holding USDai gives users Allo Points which are being 'priced in' to the standard $1/USDai value. "But wait... shouldn't every stablecoin with points also be valued > $1 then?" ___________________________________________________ To answer this question, we need to understand how stablecoins maintain peg in the first place. The most common method is using a Peg Stability Module (PSM) which allows users to arbitrage mispricings while returning the stablecoin to peg: 1. Price < $1 → users buy stablecoin and redeem for $1 of underlying (or something similar) 2. Price > $1 → users mint stablecoin and sell for > $1 We are in Scenario 2. for USDai but there is an issue - USDai caps are fully filled so arbitrageurs CANNOT mint more to return it to peg! The surge in demand for USDai's Allo Points WITHOUT the ability for new mints disrupts the stablecoin equilibrium. As a result, USDai SHOULD be expected to be ABOVE peg until caps are raised. ___________________________________________________ The next thing you may have noticed is USDai's Implied Yield running to an absolutely SILLY 51.6% fixed APY, by far one of the highest yielding stables on the platform. There is something CRITICAL to note here - Pendle prices assets in terms of the UNDERLYING token. In our case, it is USDai which is currently trading at $1.06. A 51.6% fixed APY is based on this $1.06 face value. What does this mean for you? > Buying PT-USDai will let you capture a fixed yield if you are ALREADY holding USDai. > If you are swapping in from USDC, there is a chance you'll end up with a loss in the event USDai repegs from $1.06 → $1 DEFINITELY exercise caution if you plan on entering PTs now. ___________________________________________________ One thing that is VERY interesting indeed is that if you were an early YT-USDai buyer, you are up heavily on both implied yield AND USDai/USD. This should make sense since: 1. IY has spiked heavily from ~20% → 51.6% 2. USDai has depegged upwards from $1 → $1.06 While a large component of this IY spike can be attributed to demand for Allo Points, the rest is due to something a widdle bit more structural. Recall that the thing that affects IY is trading activity of YT and PT: 1. IY ⏫ if people buy YT OR sell PT 2. IY ⏬ if people sell YT OR buy PT In our case, we have PLENTY of people buying YTs. We do NOT have many people buying PTs since PTs are depegged upwards. This means we're ultimately left with IYs that we can expect to continue an upward trajectory AT LEAST until USDai's underlying caps are raised! ___________________________________________________ This is a neat little lesson into how caps on stablecoins can: 1. Cause price to depeg in an upward direction 2. Cause IY to spike in an upward direction 3. Both without standard market dynamics to bring them back to normal If you are able to identify similar set-ups on Pendle's underlying stablecoins, it could VERY MUCH be possible to captures these opportunities. Intern for one will be keeping a VERY close eye on said protocols and see where dem money bags be lying. NFA NLA NMA MDMA Pendle

Now that $ETHFI is out, Intern has redone some of my previous LRT points projections/moonsheets, namely for @renzoai and @KelpDAO with revised parameters (modelled after $ETHFI 🙏🏻) Spoiler alert - things are looking better, much better LOL, and this is for NEW YT buyers 👇🏻

Fooled around with some @ethena 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

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 👇🏻 1/69

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, @ether_fi, @renzoai and @eigencloud ongoing. Decent allocation here + potential chance for higher share with YTs especially with some outflow post Season 1 🔹 Pending TGE of multiple protocols such as @zircuit, @KelpDAO, @Bedrock_DeFi, @swellnetworkio and @puffer_finance. As we've seen from the $REZ and $ETHFI, just one airdrop could double, triple your profit. 🔹 @Karak_Network native LRTs? 🔹 Pendle V3 still in the works, and will offer exposure to entirely new verticals 🔹 Multiple launches in the pipeline still including new asset classes Team understands job's not done, so will stay cooking 🫡

With @ethena S4 concluded, we know $1k in YT-USDe at the entry IY of 8.66% would've netted you a ~$1.8k 🪂. That's an 87% RoI. The November Maturity YT-USDe is now trading at 7.48% IY 🤫 Something something history doesn't repeat itself something something rhyme Pendle

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 these just some points plucked off the top of my mind before my morning coffee: 1. No plan? No problem This space moves way too quickly to have a quarterly content schedule. Memes fade, numbers change, and strategies don't last long. There should be an overarching goal, sure, and product releases/partnerships should be deliberately strategized. But on a day to day basis, CCs should be able to work on the fly with what's given, a creative who's able to respond to the daily happenings and spin out content relentlessly. 2. Jack of All Trades There's no time to for your shitpost to undergo the usual lengthy review and approval processes, there's no time for your designer to iron out the details in that graphic till perfection. Don't get me wrong, important announcements and PR pieces should still be rigorously reviewed by multiple parties to ensure it's well positioned. But those daily, spontaneous threads? CCs should be able to get all things done from start to finish. That means having the DeFi/crypto knowledge to operate independently when hunting down content/inspiration. Having basic graphic design skills (i.e. Paint, Powerpoint, Photoshop, doesn't matter) so your graphic design can be freed up for more important tasks. Doesn't have to be pretty, but good enough to get the point across and realize your vision. Basic adherence to branding should be respected where relevant of course. Having the right tinge of degeneracy, enough to keep things interesting for your protocol, but still maintaining the necessary sense to know when, where and how to toe the line. 3. Trust in a Trustless World You're handing the social media keys to someone who might have a few screws loose in there, it's the driving force behind both their brilliance and unhinged moments. This can't just be any Tom, Dick and Harry with a Marketing Degree plucked from the streets. There needs to be trust to realize the potential of your chaos unicorn. Prose, meme preference, taste for humour, communication style...All of these need to be screened and assessed, things that might not always come up in a 20-min interview. Preferably, you'd want someone you already trust but absent of this option, take the time to vibe with the person outside of work. Converse, share memes, go on a food trip together (if available), get to really know this person on a semi-personal basis and see if it's someone you'd want to be the voice of your protocol. --------- Keep in mind that this so-called formula isn't a one-size fit all solution for ALL protocols. But generally, in a space where attention is so scarce, a paradigm shift away from "marketing product" to "marketing for attention" is needed. And yes, that means pushing out some stupid memes that have little/nothing to do with your protocol too. Time is of the essence, you won't have time to overlook all things and everything. Stop fighting the chaos and learn to harness it. What other "X-factors" do you think are needed in this space when it comes to marketing/content creation?

48% ROI. 400% APR. Seems like a pretty decent haul for Ethena Season 4, only on Pendle 🫡 So is this ENA-ugh for you, anon?

AIRDROP SEASON 🪂 Some of the ones you should keep an eye on/check, especially for Pendies: EigenLayer : claims.eigenfoundation.org/ EtherFi : claim.ether.fi/ Renzo : ezeigen.liquifi.finance/ Swell : app.swellnetwork.io/ Puffer : claims.puffer.fi/ EigenPie : eigenlayer.magpiexyz.io/ KelpDAO : kelpdao.xyz/claim-kep/ LayerZero : layerzero.foundation/claim Zircuit : app.zircuit.com/airdrop Ethena S2 : claim.ethena.fi/ -------------------------- Debridge : debridge.foundation/ ZetaChain : claims.zetachain.com/project… Aleo : claim.aleo.org/ ⚠️⚠️⚠️Be sure to double check the URLs and cross-check all of them with official sources⚠️⚠️⚠️

Here's how you can Boros without knowing how to Boros:

What is the best yield available on @SonicLabs? Preferably something with deep liquidity (>$1m), no IL, single token exposure + audited. Set that exact filter on @defillama and you'll find Pendle's $stS LP on top. (staked S, by @beets_fi) But what does it mean to LP on Pendle?

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 👇

If you hear people tell you that DeFi is dead Don't show them this list because they clearly hate money 24 PT-powered stablecoin strategies with yields up to 42% APY. THANKS BYE (NFA)

THIS IS IT. The one glance overview Pendies n̵e̵e̵d̵ deserve to ape irresponsibly - @ethena 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, 2490% APY] 🔹This will give you the best bang for your buck in pure profit/APY, based on ~14.49% average underlying sUSDe yield at time of writing Zircuit YT-USDe (27 June) [~60% profit, 949% APY + 😺🐈😽] 🔹The @zircuit USDe variant has the X factor in 2x Zircuit Points exposure to outperform all of these, 𝙖𝙣𝙙 already gives you more $ENA vs. the other remaining 3 pools despite a shorter maturity/runway

1 token, 6 layers of points and a dream. Of course, intern is talking about NONE other than the new YT-liquidberaETH powered by @ether_fi and @berachain. If you don't know how to read (i.e. 🐻 community member), number big good. For others, let intern break it down. 👇

OKAY HERE'S THE YT MOONSHEET FOR THE LATEST @ethena 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 APY/profit is still sizeable. If the bull market sustains or USDe yield ends up being higher.... 🚀🚀🚀 --- USDe (25 Jul) Expected Profit: 65% Expected APY: 1616% APY Highest exposure to $ENA airdrop --- @zircuit USDe (27 Jun) Expected Profit: 43% + ??? 😺🐈😽 Expected APY: 3355% APY + ??? 😺🐈😽 Highest APY due to the short tenure/maturity. Has the potential to be the best performing one depending on how the X factor of Zircuit airdrop goes

Pendle now generates > $100m revenue per year That is quite a bit of money(!!!) 👏 Might do a breakdown of our different revenue streams in a bit so y'all can see what we're playing with Pendle

Cooked this up for all you @ethena 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...

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 just trying to cosplay as an @ethena fangirl, Pendle has just the things for you... 1. YT-ENA Straight up, YT's looking good. At current $ENA price, expecting ~45% Profit / 227% APY. More so if $ENA goes boom 🚀 <Daily Sats Growth> here is based on past trend with a higher USDe TVL so if things hold, these numbers would actually be higher. Plus, if you already hold USDe or YT-USDe, this gives you that nice +50% boost too assuming you meet the threshold. Zoom in here 🔎👇🏻

AFTER ALL THIS TIME? Always. Yeah @ethena pools are still this good. 71% Profit + 249% APY for YT-USDe (July 2025). And this is considering: 🔹3% airdrop for both Season 3 + Season 4 🔹A "bear market" FDV of $7B → down from previous months' highs of $14B-15B iUSDe is coming online this year. Gateway for more institution adoption. Strong catalyst + a very strong @pendle_fi exclusive multiplier of 50x and you have yourself a recipe for some jooocy returns 😋

Maximizing your return as a PT looper means taking advantage of the spread between: - PT's fixed yield - Underlying's borrow APY To summarize this in one sentence: the larger the spread, the fatter your bread. Ima show you REAL QUICK how to: 1. Earn 56% paid in pure HYPE rewards 2. Delta-hedge 1 to earn HYPE rewards on stablecoin exposure CRIME TIME ________________________________________ PT-kHYPE is the best-performing yield-bearing HYPE derivative that's fully integrated with lending markets. You see that 12% Fixed APY? That's >5x higher than kHYPE's standard staking rate! This means in order for a PT-kHYPE/HYPE loop to be profitable, you're willing to pay up to 12% APY on your loan. Said another way, if you pay anything LESS than 12% APY your loops making 💰💰💰 ________________________________________ With that 12% APY hurdle rate in mind, it gets even more interesting when we look at Hyperlend's HYPE IRM. With the kink rate set at just 1% borrow APY, this means PT-kHYPE/HYPE strategies earn 11% APY (12% - 1%) per LOOP. This is REAL YIELD earned on one of the biggest winners this cycle 👀 ________________________________________ With PT-kHYPE's 80% maxLTV, we can loop this position up to 5 times. Thanks to an extremely fat spread between PT-kHYPE's fixed yield and HYPE's borrow APY... ...you can earn 56% APY in PURE kHYPE yield. ________________________________________ For those that are feeling even cheekier, you can run a delta-neutral trade using PT-kHYPE/HYPE as the long-arm. How? Simply short HYPE/USD on Hyperliquid to offset your price exposure! You end up with a delta-neutral (essentially holding stablecoins) exposure while taking advantage of: - PT-kHYPE looping APY - Short HYPE/USD funding That's real yield earned in HYPE while having full principal protection against market drawdowns 😋 Pendle Hyperliquid - you literally don't get better than this

Nah what that's crazy Pendle Hyperliquid

This little piece of alpha kinda got buried in the thread. $900k of $XPL incentives to be given out weekly to these Pendle markets. WEEKLY. By logic, all @Plasma assets should trade at a premium vs. their counterparts in other chains. $XPL rewards aren't live yet, but speculating on this with YT buys now before the market reprices upward could be our chance of buying in low. NFA though teeheeee! Trillions.

45.8% APY LMAOOO These @pendle_fi x @yearnfi auto-rolling PT vaults are disgusting and I love it

GM @pendle_fi 💙

ENA running means YT-USDe running and YT-USDe meanings I ape LP-USDe. "Wait... LP-USDe? Why LP-USDe?", I hear you ask. Here's 30% APY on stablecoins and a lil' lesson on risk and yield management by your favourite intern.

Those funding rates aren't gonna farm themselves Pendle Boros Hyperliquid

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 👇🏻

It's been a long time since we've seen an @ethena PT breaking 15% APY. We now have PT-tUSDe at 15% APY AND a decent amount of time til maturity. That means HIGHER YIELD for LONGER... ...AND a suite of lending market integrations to boot. 👇

You can now earn 21% fixed APY on stablecoins by buying PT-sUSDf. This is 5.25x higher than the risk-free rate (4% APY). Your $190k in PT-sUSDf earns the same amount of yield as $1m in short term T-Bills... ...AND you can leverage it on Silo and Euler 🤫 KAW KAW

MegaETH sounds like it can be Pendled

With @ethena making big money moves, ENA price action has followed. Not enjoying a fat discount via PT-sENA? Let's see how YT-USDe and sUSDe on Pendle are ALSO tools to nab ENA at a discount. 👇

🛑 If you HATE MONEY stop reading now 🛑 Oh? Looking to print some fine yields in the beautiful new year of 2025? Here's a collection of EXCEPTIONAL delta neutral (i.e. stablecoin exposure) yields powered by the @usualmoney's USUALx pool and @HyperliquidX's USUAL market. 👇

So you're a @SonicLabs enjoyooor who's knee deep in the trenches. You saw that @pendle_fi has launched but you don't know what to do. Whether you want yield, points, or both, there's something for everyone! Here's interns quickfire walkthrough on what you can do with us. 👇

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 XP Growth is overestimated at approximately +50% more than current • End of September snapshot assumption for Karak • FDV of $2B for Karak + 5% airdrop assumed vs. FDV of ~$15B versus EigenLayer • Ethena TVL growth trajectory based on last ~17 days • A more conservative sUSDe staking yield is used here (15%) vs. current Underlying APY of ~21% shown on Pendle • Assuming all else equal as per the projections here, current Pendle is projecting Karak to be ~$300M FDV only based on current trading price of YT-sUSDe • The advantage of YT-sUSDe vs. the other YTs is the substantial staking yield, which helps to cushion the cost of YT and gives you more wriggle room, even in the case when airdrops don't work out. ------------ Disclaimer: NFA, just waffles 🧇 How much will points be worth? Will the airdrops be able to recover your YT costs? We can only guess. No one knows for sure. Please DYOR and understand the risks before aping 🫡

Don't worry little bro, we'll take good care of her Real good care of her Pendle

Up to ~13% Fixed APY up for grabs for @ethena PTs over on @Plasma wewwwww Some reasons why this could go ever higher: 1) $900k of weekly $XPL incentives incoming for these Pendle pools, which should translate to even more yields. More deets on this later. 2) Funding has flipped positive, and sUSDe APY is projected to bounce back to ~8% APY now according to Ethena's dashboard

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… 🫡

If you're a vePENDLE holder and think you missed @Aster_DEX's generational run-up, you actually didn't. 80% of points received by @pendle_fi's Point Share goes straight back to vePENDLE holders. That's $750k in free 🪂 straight back to you gremlins. 😋😋😋

On the topic of tokenomics, @pendle_fi's fee switch has been on the ENTIRE time. This has seen over $36m distributed to $PENDLE holders for a ~31% historical APR. But... but what if we could make the tokenomics BETTER 🤔🤔🤔

At 12.85% APY, you're already earning back ~75% of the YT costs here 50x Cred for YT (the highest Cred multiplier, a @pendle_fi special) does the rest of the heavy lifting even at 2% airdrop for Season 2 (assumption) And this is: 🔹Overestimating current Cred growth by 300% 🔹NOT including the Boosts you could add on

It has come to my attention that I now have 41.67% more followers than the boss man. As such, I will be unilaterally promoting myself to Head of Housekeeping at @pendle_fi. Any important Pendle-related things now go through ME. Pendle

INTERN'S GUIDE TO GAMING THE USDAI POINT SYSTEM Want to make the most of @USDai_Official's point program? While you CAN just buy YTs, there's a better way to optimize your 🪂. Today I break down the game theory behind their points and how you COULD 1.45x your returns. _____________________________________________________ ↔️ Understanding Alignment Holding USDai or sUSDai doesn't just earn you Allo points which defines how those points are converted: > ICO Alignment (USDai) → ICO access @ 300m FDV > Airdrop Alignment (sUSDai) → Free 🪂 The interesting thing about this is you can only have ONE alignment at time of TGE which depends on your alignment relative to the total community's alignment. More ICO-focused? All your points will ONLY be used for the ICO. More 🪂-focused? All your points will ONLY be used for 🪂. This means it's not a one-man adventure: you NEED to know how other players are operating to maximize your return. _____________________________________________________ 🫵 Relevance So you're probably thinking "I want 🪂 so I'll just ape YT-sUSDai" which is admittedly a stellar strategy. But let's take a look at the USDai <> sUSDai point multipliers: That's inch resting - YT-sUSDai gives 12x while YT-USDai gives a whopping 25x. This means there's an opportunity to DOUBLE your points per $ as long as you know how to game the system. _____________________________________________________ 😋 Gaming the System The base case for a 🪂 farmer is to all-in YT-sUSDai and ignore the so-called 'game theory. It's a STELLAR strategy - from $1,000 principal, you can farm 26m Allo Points which are guaranteed to contribute to your airdrop. A more efficient strategy, however, is to split your position between YT-USDai and YT-sUSDai to take advantage USDai's lower IY AND 2x point multiplier. Outcome: 1.45x more points with a diversified point strategy. _____________________________________________________ 🛑 Risks This strategy is NOT risk-free - if your allocation split ends with a higher ICO share than the broader community, your points will go to ICO only. This means its CRITICAL to keep an eye on how other players are strategizing to get the outcome you want. Points are also NOT guaranteed to be profitable and will come down to FDV, 🪂 %, and TGE dates so tread carefully! If you'd like to join your boy's USDai Allo team, feel free to use his REF LINK here: app.usd.ai/i/l050y To start your Crypto x AI journey, you can find the USDai x Pendle markets here: app.pendle.finance/trade/mar… NFA NLA NMA MDMA Pendiddler

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 👇

It's kinda weird that even after clarifying that Pendle has NOT been hacked, people are still saying otherwise. Folks, this is not some sorta cloak-and-dagger conspiracy lmao. To make things clear: 1) Pendle was NOT hacked, and has never been 2) @strata_money was NOT hacked, and has never been 3) The affected wallet is NOT a team wallet, and is not affiliated with us in whatsoever manner. It belongs to a random, albeit extremely unfortunate individual. Intern OUT 🎤

I'll bet my first born most of you didn't know that the best PT-USDe isn't even on @ethereum 👼🏻 That's right, it's tucked away quietly on @avax. Untouched. Unbothered. Unravaged. And papa intern is gonna show you way into this hidden gem of 89% APY with PT-USDe (Nov 2025) 👇🏻

The Edge of Certainty A watchmaker was once asked why his clocks cost more than others. He said, “Because mine tell time tomorrow the same way they do today.” Reliability commands trust. Behavioural psychologists call this "ambiguity aversion", the human instinct to prefer the known over the unknown. And it’s the exact instinct that @pendle_fi PTs are built for. PTs remove ambiguity from yield. You know your return the moment you buy. The ROI is fixed, the time horizon is defined, and your decision is complete upfront. There’s no wondering how things will play out. You’re already content with the deal. Then there’s "comparative ignorance", the unease that someone else knows more than you. In crypto, that feeling never really goes away. Some wallets always seem to move before others. Some people are capable of foresights to open a $500M short position with 10x leverage right before a major dip. Some people...but not us. PTs render all these irrelevant. Once your yield is fixed, it doesn’t matter who’s early or who’s plugged into the right TG group. You’re not competing on information anymore. You’re already satisfied with the outcome you locked in. And that’s the quality serious capital is built on. When you’re managing 7 or 8-fig positions, uncertainty isn’t exciting. It’s expensive. The ability to forecast yield, match duration, and model returns is what separates allocation from gambling. That’s why PTs resonate with institutions and mega corporations. They mirror the structure of fixed-income instruments that the biggest players already understand. The same psychology that drives Amazon or Apple to prioritize stable cash flows, or BlackRock and JP Morgan to favor predictable yield curves, is the same instinct that will draw them to PTs. Ambiguity aversion isn’t fear. It’s discipline and the foundation of rational capital management. PTs make yield calculable, risk transparent, and outcomes knowable, all within a structure that feels instantly familiar to TradFi. This is precisely why they will be the gateway for institutions entering crypto yield. Not because they promise the highest returns, but because they offer the rarest one: certainty. And you know what else is certain? I BELIEVE IN $PENDLE!!!!

The funding rate market: - $200B Open Interest - $300B Daily Volume Even just 1% of this... 😏

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 @zircuit variant you're getting 2x Zircuit Points on top of 2x EtherFi Points + 1x EigenLayer points😼 That gap in Implied APY is basically accounting for this, and this also essentially opens up the opportunity for potential arbitrage plays between the 2 pools. Now because YT-eETH (Zircuit) is valued higher than its OG counterpart, this means that Fixed Yield hunters in particular are gonna have a field day here. That is to say, you'll also be getting a higher fixed yield to the tune of 62% APY for a tenure of 90 days.... gmeow 💚

In the next episode of absolutely ludicrous Pendle x @berachain yields, intern presents the next long-awaited moonsheet: 𝐘𝐓-𝐥𝐢𝐪𝐮𝐢𝐝𝐛𝐞𝐫𝐚𝐁𝐓𝐂 If you thought YT-liquidberaETH was ludicrous, how does another 4 digit APY (NFA) strategy sound? 👇

📢 HYPE HOLDER EMERGENCY ANNOUNCEMENT 📢 IF YOU ARE JUST HOLDING HYPE IN YOUR WALLET YOU ARE LOSING MONEY. THERE'S PEOPLE OUT THERE YIELDING 37% APY ON PT-kHYPE/HYPE LOOPS AND YOU'RE SITTING THERE IN SPOT? THIS IS DEFI MUDAFUKA GET IN AND START WINNING. 👇

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 👇

Ladies and gents, it seems free $ENA airdrops is back on the Pendle menu 🤤 Season 5 of Ethena has been confirmed. sUSDe/USDe have already started accruing S5 rewards. There's a pretty huge mispricing of @ethena sUSDe and USDe on Pendle at the moment. "While prior results are not necessarily indicative of future outcomes, YT buyers at this level (and even ~100-200bps above) have not historically realized losses" sUSDe in the past 3 months averaged ~8% APY. Since YT-sUSDe is being priced at ~7.25% APY, not only will YTs earn positive yield at this rate, but also FREE $ENA on top of that. In fact, the current Underlying APY (7.48%) is already more than the Implied APY you're paying (7.25%). Mmmmmm nothing quite like waking up to the smell of FREE $ENA 😋

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 😳

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 again, please understand that these numbers are derived from many, many assumptions, some of which you may or may not agree with. Please take the time to go through the list 👇🏻 Assuming $500 capital: • Estimated ROI = 279%-304% • Estimated APY = 🚀🚀🚀 ---------- Symbiotic Points • Current points derived from current TVL data from @DefiLlama • Daily Point Growth is based on the latest daily growth figure, with a 4x multiplier on top, which means it's 4 times larger than it is estimated to be currently (i.e. production based on ~$4B TVL vs. $1B TVL now) • Default multiplier is 1x for Symbiotic. However, a discount is applied to <Pendle Multiplier> here, based on the ratio of Vault TVL in Symbiotic: Vault TVL not in Symbiotic at the respective VAULT CAP. In other words, <My Points> shown is lower than the current trajectory. • Assuming $10B FDV + 30 Sep snapshot + 5% airdrop ---------- @mellowprotocol Points • Current points derived from TVL breakdown of all Mellow vaults • Daily Point Growth is based on the latest daily growth figure, with a 10x multiplier on top, which means it's 10 times larger than it is estimated to be currently • Similarly, Pendle Multiplier is based on the ratio of Vault TVL in Symbiotic: Vault TVL not in Symbiotic at the respective VAULT CAP (2x Mellow Points when Symbiotic points are active, 3x Mellow Points when Symbiotic point are NOT active) • Assuming $750M FDV + 30 Sep snapshot + 5% airdrop ---------- Disclaimer: These are estimations which may or may not be accurate. These numbers should never ever be construed as financial advice. How much are points worth? Will the airdrops be enough to recover your YT costs? No one knows, we can only guess so NFA DYOR ⚠️⚠️⚠️ If price impact is too high, please place your orders via LIMIT ORDER

Missed $USUAL? Then you should look into YT-wstUSR... TODAY 👀 There's only 2 days left in Epoch 4 for +50% boost, which essentially translates to free Resolv Points. Projected ROIs seem decent especially vs. similar comps in Usual and Ethena More details below 👇🏻🧵

Wewww this 9-fig legend woke up and just casually yeeted $35M into @renzoai 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 👍🏻

Scanning some of the YT winners for @SolvProtocol and this is the chaddest one so far. • Spent $10.2k on Corn YT-SolvBTC.BBN (Dec 2024) • Sold YTs for $7.9k after holding 2 to 4 weeks Net cost = $2.2k Got 224,493 $SOLV ($33,112). 15x return. Truly a work of art 👏🏻

All this times a GEM was hidden right beneath our eyes. Yes, I'm talking about @aave's $aUSDC. Stablecoin with 20% APY and 20x Sonic Points? Call dat 20/20 👇

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 👀

The driving factor in big RoIs on YTs is understanding your edge. With @capapp’s YT-cUSD, this means understanding: 👉 Double point efficiency (exclusive to Pendle) 👉 33x leverage Sound like a print? I’ll let you decide.

The best bridge (aggregator of aggregators really) is secretly on @pendle_fi. Any token to any chain. Powered by 22 bridges, bridge aggregators, DEXs and DEX aggregators to guarantee the BEST RATE. Oh and Pendle takes ZERO fees. A public good to be enjoyed by every DeFi user 💙

If $HYPE is a $100 coin, you can buy it on the spot market right now at a 61.7% discount. But remember folks... Anything that's on discount on the spot market is on a GIGA discount on the Pendle market. That's the power of fixed yield, BABY(!!!)

The @pendle_fi PT ecosystem has grown to $8.1B in issuance, on par with the market cap of a mid-cap bond ETF like the iShares TIPS Bond ETF (TIP). Of this, $5.8B is actively used as collateral on money markets, making up 7.8% of all collateral across DeFi’s largest lending platforms. PTs have reached a size where they resemble small sovereign debt markets like Panama or New Zealand. The writing's on the wall. PTs are no longer experimental, they are core infrastructure. In TradFi, fixed income is the foundation of global markets. Bonds provide predictable returns, clear benchmarks, and deep liquidity. They are the backbone of institutional portfolios. Onchain, PTs mirror that same role. For institutions, this feels familiar. Defined maturities, known rates, and transparent settlement on @Ethereum. The implications are clear. DeFi now has a fixed yield market at institutional scale, one that can plug directly into treasury strategies, fund mandates, and risk frameworks. PTs do not just create new yield opportunities, they translate DeFi into TradFi’s native language. That’s why we’re already laying the rails. Launching a permissioned instance of Pendle, collaborating with @convergeonchain, @ethena and perhaps @aave Horizon? Together, we’re building the regulated gateways that will channel the next wave of institutional capital into DeFi.