pendle

Multi-chain narrative battling out with with #Cosmos having IBC and #Avalanche on Subnets I'm a fan of both but in case you want to know more here's a 🧵

Leaving HK, have mixed thoughts Crypto events used to be ordinary folks geeking out ideas on the tech, strategies, opportunities on crypto, deep in the trenches Now there are guys in suits, tradfi money men on the stage talking about digital money and regulation Is crypto global adoption coming or are we being phased out

The @LayerZero_Labs ecosystem is where I'd put majority of my time as I see it as a major player in the future. The Omni-chain narrative is very compelling for multi-chain interaction and bringing DeFi towards 2.0 🧵 as to why you should and some projects in my list

Hot take Sonic should not do a memecoin craze, rather focus on utility and opportunities that makes an impact (DeFi, PayFi, CeDeFi, games, social) The chain speed is amazing

Pendle is akin to interest rate trading, one of the biggest markets in TradFi reaching ~$400T in notional volume. In DeFi, anyone can be the "house" for Pendle yield tradors and earn fees via vePENDLE The alpha you didn't know yet but would be glad you read The vePENDLE thesis 1/

What I want AI in DeFi is "deposit my eth that generates the best yield with minimum IL" Not "swap 0.5E to USDC then bridge both assets using rhino then deposit 50:50 in a uniswap V3 pool launched on Base" 😭

I don't know what to feel

My daily use of DeFi apps atm (not in order) 1. @pendle_fi stables 2. @pendle_fi ETH farms 3. @pendle_fi YT BTCFi babylon points 4. @GammaSwapLabs perp options 5. @Contango_xyz PT looping (I still don't get it) 6. @SiloIntern looping 7. @IntentX_ perp trading 8. @TimeswapLabs

Thanks for the 5K friends Please don't unfollow me

Yo next time happy to discuss on any crisis comms before spreading fud We always focus on security and have been an avid believer of safety before deployment Call me anytime, message me anytime Job's not done Pendle

So $METIS Mainnet is launching tomorrow and not a lot is talking about it In Summary: - Ethereum L2 solution just like Matic - EVM Compatible and easy integration of existing dApps - Has a $100M Ecosystem fund to grow the platform - still at $150M marketcap (Matic is at $11B)

$1bn TVL on @SonicLabs

December with @pendle_fi is filled with some easter eggs that you may have missed. Pendle giving back to the community this holiday season and i'm here to get you up to speed 1. PendleSwap - The aggregator of aggregators. Swap up to THREE kinds of tokens at ONCE back to one token with some of the best rates out there. Pendle does not charge a fee so any swap is done FOR FREE (nitter.app/pendle_fi/status/18668…) 2. Pendle BTC Bonanza - We all love $BTC but would it be great to let your Bitcornssss to work for you? how about a 17% APY? Possible with Pendle (app.pendle.finance/btc) 3. AIRDROP - ICYMI Pendle collects a 3% fee from all yield accrued from YT and all yields from the SYs of matured unredeemed PTs, including the POINTS Where does this go to? vePENDLE holders. The recent announcement here medium.com/pendle/boros-by-p… shows how much tokens are set to be distributed which at current prices estimates ~$8M It's especially interesting for item 3, vePENDLE, while waiting for the airdrop vePENDLE is eating good as Pendle has been facilitating a daily trading volume ~$150M. Just last month alone 408 $ETH has been distributed Pendle's new product, Boros, is dead set to launch next year unlocking new types of yield, rates and opportunities, unlocking interest rate swaps on margin. Value accrual from Boros all flows to $pendle and vePENDLE holders. NO NEW TOKEN. Facilitating perps funding rates, a market of $100B to $200B in daily trading volume, in Boros? Imajin the smell of fees It's just getting started. Are you ready for 2025 anon? Trust Job's not done

Pendle Kaito Sonic Gamma Ethena Cook

Wow imagine being 4 years old, launching a platform to trade floating and fixed yields in Crypto Watching the first assets aUSDC, sJOE and Ohm but fragmented trading, tough UI/UX to now composable and all in one platform Managing the billies in TVL and volume And still planning to do more imagine

Sonic

This would work

Meeting the CT anons was both exciting and nerve-wracking because I don’t know if we would get along But they are honestly the most down to earth and insightful people I met. Able to share anything from life experience, future plans or DeFi alpha (I know what protocols I should look out for now 😂) And coincidentally, most of them were at the side event hosted by @BytetradeLab . Decided to party and hang after. Amazing social night 🍷 Thank you for giving one of the most memorable experience in Token2049. Other anons are not here but you know who you are. See you all again soon @arndxt_xo @0xFinish @2lambro @JiraiyaReal @stakedqueen @0xjeff @CryptMoose_

Narratives is a word related to Alpha. Being ahead to a certain niche before it comes to fruition has been key to good investing for the past months Need to know more? Here's a 🧵 on the current narratives

Pendle is not hacked, only a person's wallet. Announcement in a bit

Thanks for the 6k lovely folks Please don't unfollow me

People trade options People trade perps I trade funding rates 😉

A few days after launch and @InitCapital_ has been growing surprisingly well, introducing liquidity hooks to create composable DeFi strategies Sharing my thoughts on the flywheel effect of InitCapital, the money market on @0xMantle

Pendle just reached $100M TVL and is an exciting milestone especially at current market conditions But hey anon, still no idea what Pendle is? I’ve curated a good list of content creators to help you out It’s time to PendleV2 101

They tend to forget that @pendle_fi is not only trading points but a platform to have a view on anything yield, and it's steadily showing with the generated fees last November at $1.6M, 80% going to vePENDLE vePENDLE lockers do not only enjoy the fees but also get to boost their LP positions up to 2.5x A 2.5x LP boos can get you up to 1. 54% APY on $BTC 2. 77% APY on stables 3. 30% APY on $ETH LPing is single sided staking, meaning IL is at a min Why vePENDLE? - 164M Pendle is circulating | 52M is locked as vePENDLE (31.7%) - Average lock duration is 391 Days (long term trust) - Fees generated since Nov 28 to now is $377K - Airdrop by end of this year - Boros, the new product being built, will not have a token but all its value accrual goes to vePENDLE PendleV2 expands to Base Boros ann Job's not done

In Boros you can receive 8.85% APR And pay -0.02%...... so technically you don't pay Magic

2023 was a year of building in the bear with protocol launches looking to innovate the space. While there are a number of launches released, here's some that I believe can do great in 2024

506ETH distributed for vePENDLE holders 🤝

This week's photo grabbing is sponsored by Pendle x @symbioticfi Pendle x @mellowprotocol Pendle x @veda_labs Pendle x @shadowxyz Pendle x @Bloomberg Pendle x @blocmates

4.4B TVL 50B Trading Volume New UX improvements New UI upgrades New product soon

Hey anon! Expecting you already have an idea of what Pendle is now. But here's the thing, PendleV2 is still innovating Did you miss some updates? From launch to today. Here's a quick timeline of PendleV2

Before 2024 ends I want to personally thank everyone I met, I interacted, turned into great friends with and those who believed in us in this journey I'm not taking a break tho, just really appreciative of this space. Job's not done, 2025 Pendle

Pendle If you enjoy Pendle now Wait until you see next week

Dare I say it Big week ahead

You can tell if someone isn't crypto native when they message you in a formal manner and not using stickers "Good day dear, do you have time for me to discuss a potential collab?" Bro this isn't linkedin

Please push me to 4K 🥹🥹

Boros, Pendle’s new platform for trading funding rates with margin, officially launches. Launching first on Arbitrum, starting with BTC & ETH funding rates from Binance, with more markets to follow. Initial rollout: - $10M Open Interest cap per pool - 1.2x leverage Team will be closely monitoring the launch and adjusting parameters as we progressively open more access. Find out more on @boros_fi

After years of developing, brainstorming, iteration, audits, etc Boros is officially out in the wild. The platform to trade funding rates is here

zkEVM has arrived and many are excited based on the shills and interest in CT. I believe it to be exciting tech and able to compete in the L2 space. But it won't be ready this year. A 🧵 on how zkEVM will grow

Where my Pendle maxis at

Just the name itself you should've known it was going to rug

Other devs: "Holidays are coming let's slow down a bit so we can enjoy" Pendle devs:

Trading Volume in @pendle_fi has blown up to $4B, generating massive fees for vePENDLE holders up to 191.2% APY! Maximize your vePENDLE by voting the right pools. The hidden strategy no one talks about so they don’t get diluted, but I’m diluting them for you 😉

This is what happens when you read the intern's moonsheets and think it's a good idea

Time to lock in

The more I read on IBC Clients, the more I'm bullish on $ATOM and $OSMO Shouldn't sleep on this tech. It's an advanced and approachable way to bridge different chains together

Results of studying Pendle Academy is starting to show and I'm on track to earn 1,201% APY Who'd have thought that you could get this sort of degen yields from a stablecoin too? A look at my YT-gDAI trade:

This absence of noise and capitulating in the TL reminds me of when pendleV2 was prepping for launch last 2022 And now we're prepping for Boros, you know what happens next Back to fundamentals

I'm a simple man You thread Pendle/Boros i like and retweet You thread Pendle/Boros twice i follow you You thread Pendle/Boros thrice we are now friends

Pendle x Boros at full speed - HyperEVM x Pendle $285M TVL, kHYPE so gud - Pendle Total TVL ATH $8.7B - Pendle accumulated trading volume $59B - Boros launched 5 days ago, raised caps 3 times 🔹OI Cap: $15M → $20M 🔹Vault: $60k → $80k

Abracadabra Your money is gone

TVL 5B Trading Volume 33B Daily trading volume >100M vePENDLE airdrop end of the month Pendle That's the tweet

4 Days in the HyperEVM x Pendle arc and is one of the fastest growth drivers yet - $80M in TVL with Kinetiq's kHYPE at $52M showing the interest of earning Hype yields & points - $83M in total trading volume and counting - LP Yields reaching 18.99% still growing + more soon

Kudos to Loudio for generating the largest mindshare to date taking advantage on onchain incentives and being transparent, 90% chance this campaign makes everyone talking about them rich I just hate these "KOL" participants posting useless threads using a clickbait title "Loudio is going to be the top protocol for the year, here's why" then proceeds to just talk about the IAO. Bro at least make insightful content. These fellas should be slashed and will likely be the first to leave after TGE I also don't like the continuous DMs about asking a follow for the sake of being eligible for the campaign. Instead of asking a follow ya'll should just post good content about them (or if you make good pendle content that's an automatic follow from me) Well that's enough ranting, Goodjob loudio team this straregy is def worth taking notes (I know I did) but closing my TL today 🫣

At the end of the day @pendle_fi is a yield trading protocol Pendle charge fees but all go to 80% vePENDLE 20% LPs Pendle wins when everyone wins

I tried to tour her around but we got lost lemeow @crypto_linn should've been navigating but instead on Twitter 🙂‍↕️

This is pretty exciting, Pendle venturing towards more AI opportunities to optimize fixed yields with PTs based on your preference - No worrying about where to move your assets after maturity dates, let AI roll it for you finding the best fixed rates - The management is non-custodial, you enter and exit anytime - Arbitrum chain is just the beginning, AI powered cross-chain PT strategies to build to maximize your fixed returns soon Big things for Giza, big things for Pendle Job’s not Done

"I don't want to lock my tokens to ve it doesn't give me returns"

Some HyperEVM alpha I found today -> 132% for Hyperwave's hwHLP and an LBP sale for $HWAVE hwHLP is a wrapper to HyperEVM allowing users to provide liquidity and earn a share of the trading fees and liquidation profits generated in Hyperliquid. Think of GMX's GLP generating yield from GMX's trading fees and liquidation. Practically a no brainer if you think Hyperliquid will remain the dominant perp dex (which imo it will) But then again this is not the only highlight for Hyperwave because aside from hwHLP you have - PT-hwHLP generating 15.12% fixed APY redeemed equal to up to 1 USDT0 staked in Hyperwave at maturity - hwHYPE allowing to earn more yield with $HYPE with their strategy without you going through the DeFi search for $HYPE yield (13.2% APY) Also Hyperwave's $HWAVE is doing an LBP program on balancer and will end on October 21 - 70M $HWAVE (7% of total supply) for the sale - Revenue sharing with $HWAVE through buybacks - A loyalty found with $GWAVE for early supporters to earn more, distributing yields to loyal holders Thesis would be fairly simple If hyperliquid continues to dominate the perp trading scene and generates fees, hwHLP receives a proportional amount of fees that grows the ecosystem of Hyperwave, allowing both hwHLP and $HWAVE to grow My gameplan is - Wait for the right timing for the LBP on balancer to buy in, thinking around near the end of the round (october 21) - Deposit my Hype as hwHYPE because I not only get yield, I get 3 sets of points (Hypurrfi, Felix, Hyperlend) - Wait for PT-hwHLP to maintain its watermark and exchange rate to purchase PT, sell if it goes below, rinse and repeat A lot of fun things to do in Hyperwave rn while waiting for market to be better, until then maxing my HyperEVM capital in there

Sunday is a great time to catch up on your readings Stay hungry on learning fellas

It's challenging to help a new fren set up their crypto wallet. Yes, it is essential but the current experience just won't cut it if we want to bring in the next wave of users A 🧵 on Account Abstraction, the best thing yet, enabling even your grandparents to use dApps

Pendle

Posting w/o context

In case you didn't notice @pendle_fi devs just casually pushing new updates on the app Now you can directly swap PT/YT to any pool without the need of moving it back to the underlying

At the end of the day @pendle_fi is a yield trading platform Yesterday was a $280M trading volume day for on chain yields Imajin if Boros comes in with off chain rates Pendle Boros Iykyk

To stay relevant in this short attention span you either Distribute talking points like crazy or Improve the product like crazy Or do both

Here at Hongkong finding for alpha Just anons meeting anons

One word Pendle One line Job's not done

Been very interested with @246_club and Glovin's vision to build something special on top of money markets. It's imo simple but has potential to scale And their first partnership... Aave 246Club allows you to lend out your borrowing power as you deposit collateral called 're-lending'. This is convenient for those who have no use to borrow or loop and just want to earn lending yield. When you lend it out you get additional yield on top of your lending APY APY on APY = Good APY An opportunity here is their mechanics enabling cross protocol loans, taking advantage of the best APY available through arbitraging various pools (for ex Aave to Rings) - if Aave has lower borrow APY and Rings has high lending APY - then through 246Club you can borrow in Aave, Lend on Rings to take advantage of the disparity less borrow, more lend = Good APY 3. Lastly would be credit delegation as a service for institutions who are looking to maximize their capital to DeFi. As more inflows come from RWA, 246Club can act as the go-to platform for credit delegation and optimize their yield, creating a seamless flow between from institutions to protocols. When 246Club liquidity grows, the partner protocols that join in grows too, at the same vein institutions earn more Win-Win-Win Still pretty new but looking forward to see @Glovin_ build the re-lending arc for DeFi

For today's yield farming - ~22% stable APY, one of the highest right now - $18M in liquidity (trusted) - 45x Resolv points - who doesn't like double digit stable yield?

The kaito yapper content is slowly getting worse with all the copy pasta and AI slop Read your stuff boiz and atleast have your own tone. Most of em are wrong or outdated info

I bet you all start opening Debank now when you wake up GM

For the meme, AI and low cap gem hunters out there, @pendle_fi giving back this holiday season by introducing Pendleswap. Swap any token without fees (yes its free)

I love @blocmates

Kaito Connect is genius. This changes the way you bootstrap your protocol for a growth driver that isn't on-chain ATTENTION Attention is crucial for a protocol's growth and to stay relevant in the space. Attention pulls in retail, institutions, B2B, etc. to meet your objectives. "build and they will come" rarely works now, you need a strong moat or a 0 to 1 product to scale without any marketing One marketing activity that has been proven effective is engaging with influencers to talk about your product/service however without the knowledge you may be engaging with influencers that aren't beneficial like those skem moonboiz with botted followers @_kaitoai solves this problem by filtering those skem influencers from smart yappers that earned Yaps. The Yapper Leaderboard provides a public social graph of a protocol that gives you - A view of your smart followers/supporters. This allows an alignment on who are the right influencers to work with - Allows influencers/content creators to rise up the ranks in the leaderboard to earn yaps and get a potential collaboration with the protocol - Free publicity in the Kaito Ecosystem, where most of the attention is now Kaito Connect is the latest announcement that gamifies the yapper leaderboard, providing pre-TGE protocols a chance to earn a leaderboard spot when influencers with Yaps gives you the highest votes. - You get a leaderboard spot in Kaito - Gives a protocol a view on which smart followers are supporting you (opportunity to collab) - Incentivizes influencers to grow their yaps to vote for the protocols they like Influencers who earned yaps are now incentivized for voting -> nitter.app/onchainMo/status/18824… Influencers with yaps -> get paid to vote for pre-TGE protocols -> protocol earns a leaderboard spot -> influencers talk about the protocol on the leaderboard -> influencers rank up earning yaps in return -> influencers with yaps -> get paid to vote by protocols....... Basically Kaito Connect has become the avenue for Pre-TGE Attention (like how @pendle_fi is the avenue for Pre-TGE Liquidity/TVL) And if you combine both... oh?🫣 Kaito connect is still on X but I believe it's set to capture other channels and markets soon Kaito -> Pre-TGE Attention Pendle -> Pre-TGE Liquidity/TVL I love Kaito, Fuggin Geniuses nitter.app/_kaitoai/status/188207…

Revenue is dynamic because pendle trades anything yield And DeFi is yield But pendle is more than just on-chain yield Off-chain rates? Oh I said too much

Always the best convos from these chads. Alphas smelling sweet, good yield, good farm, good token Highest energy awarded to @dapandaETH 🇹🇭 Genesis @JiraiyaReal @stakedqueen @siamphoenix1 @Cryptotrissy @0xjeff

Playing more with funding rates in Boros as the market dumped, doing really well Shorted funding to receive 8.36% APR while paying 1.28% floating rate every 8 hours, netting me 7.08% APR At the same time entry at 8.36% is at profit with the implied APR dropping to 7.20% Settlement in the green Position in the green Might size up soon because.... I understand it now

Who are these 40 KOLs and why can't i see them in CT even

Welcome to Boros Redefining yields in DeFi

All your Stablecoin yield needs is in Pendle

Good Stuff

Thanks for 3k Followers. Please don't unfollow me

Diluting vePENDLE holders 😉 If you vote on the new USDe pool you get around 1,573% APY

Part 2 of the narratives thread. Here I share thoughts on what could be the next catalyst for crypto and what projects to dive on Some thoughts for your investment games, a 🧵

Kaito turned me into 007 James Bara And i'm loving it

New day, new agentic yield with Pendle

Pendle

Pendle

In a volatile market, there's opportunity to take advantage of, and what better way to do it than @GammaSwapLabs Gammaswap combines both the experience of trading Perps and Options, creating a unique way to trade in DeFi called Perp Options. You can long, short or bet on asset volatility without getting liquidated by price movement. Other things that caught my attention: - Gammaswap utilizes various AMMs to enable traders to borrow an LP position as collateral, using that as leverage, to either long, short or straddle. Not confined to a single AMM for liquidity - Gammaswap doesn't use an oracle, mitigates any risk on price feeds - You get liquidated based on time, not on price, through a time-to-liquidation mechanism. This imo is a lot more deterministic to manage your risk on leverage - Intuitive UX, increase your leverage by adjusting your loan-to-value (LTV) ratio, the farther price moves away from your entry the higher your leverage moves - Straddle is the easy route if you don't know where the asset price is going (up or down). Just enter and if price moves wildly you win on any movement I've been trying to play with options for a while but gamma is easy to understand since i'm quite familiar with perps. Combining that makes things a lot more convenient. I don't do paid posts and tbh one of the few DeFi protocols I learned along the way and enjoy thanks to bossman @0xDeFiDevin. Also learned about their new things coming out very soon (yield tokens + eigen avs 👀) nitter.app/GammaSwapLabs/status/1… - follow my gamma journey heh

Pretty cool summary from infinit, using this everyday now

Seriously need to follow the quality creators in the space Some guys below 1k followers punch out amazing deep dives, just don't have the same tone catered for the general audience That's where most alpha are

😉

Was only hooked with Kaito when Sandra shilled it to me in SEA blockchain week last year, been following them and sometimes I tend to be an advocate, sharing their stuff to other protocols. Didn't know we're potentially gonne be rewarded yuge for signing up and yapping. Conferences matter as long as you put yourself out there and ask questions. I'm gonna do this again in Consensus. Learn what builders are building, talk how they and pendle grow together, and maybe share alpha here and there If you are ever around HK this week DMs are open. Stay Curious fellas 🤝

When doing a points program don't make things complicated with asking to RT a post, sign up with an email, do a quest campaign just to claim an airdrop Less barriers to entry, better user experience

Why Spark - Spark is a sub-DAO of Sky (former Maker) and has vast experience in DeFi being in it for years - Spark has $5.7B in TVL making it one of the leaders Why Pendle - In 6 Days, the USDS pool in Pendle has reached $9M in TVL making it liquid enough to support large PT purchases with a fixed APY of 9.8% - Pendle is the only place you can earn 25x points and with YT you can get a higher leverage to earn for the $SPK airdrop Why Spark x Pendle - Pendle enables options for users whether earning high stablecoin fixed yields (PT), accumulating points for future airdrop (YT), or a mix of both with four revenue sources (LP) - The TVL that grows in Pendle flow back to the underlying. When Pendle grows, Spark grows

No doubt NFTs enabled retail to discover the capabilities of blockchain, eventually popularizing "Web3.0" and "Metaverse" Yet we are just scratching the surface. NFTs are no longer just JPEGs as builders are creating new opportunities around it #NFT thread 🧵 on what's coming

GM Hope first half of this year has been good to you If not then it's time to bounce back for 2nd half No regrets, learn and grow, build and work. No success if no blood sweat and tears

Yield makes DeFi beautiful