FlexiCore

Do you want 65%? Or a mystery box of yield that could be 65%? That's the question that is driving an Ethereum catalyst for a massive H2 2024... A catalyst on par with ICOs in 2017 and to DeFi summer in 2020. Let me explain.. If you listened to the @xChanging_Good livestream on Tuesday, I made reference to the idea that zk-rollups will rent ETH from EL using projects such as Ether.fi.. This is not a new idea in crypto. But what is interesting about LRT projects is how they create rate swap markets on @pendle_fi (likely the best opportunities to see this year in terms of compounding ETH). You see, what Pendle enables is two parties to both get what they want. On the one side you have the farmers. They try to harvest points. So instead of needing lots of ETH to get points, they can lay claim to the yield produced by staked ETH. Then on the other side you can have somebody willing to accept a certain fixed rate in exchange for the other party getting the yield the staked ETH produces (points + ETH staking yield). This fixed rate side of things is the PT token on Pendle. In the livestream (youtube.com/watch?v=Qgme50…) I said it's how I look to build some of my ETH position as the yields for fixed rate markets will be very high. Well... that market is now here. @PanteraCapital and @dragonfly_xyz backed zk-rollup called Zircuit rolled out on Pendle's markets today. You can earn a 65% fixed apy over the next 90 days via the PT position. Or you can play the variable rate side to earn "who knows" what type of reward. Do you want the 65% yield or the mystery yield? I'll leave that to you. Now, much of this likely sounds foreign. I know the first question I typically get with clients is "where does the yield come from" and "are you lending your ETH out"? If you want to understand more about how this market works, go ahead and give this a read: espresso.jlabsdigital.com/locking-in-383… In the meantime be sure to subscribe and follow here as I'll be discussing these rate markets more and more moving forward. Current yield seen below.

Why am I apeing @ethena YT shards so heavily through @pendle_fi ? Its the easiest way for me to maximize my exposure to @ethena prior to their TGE. + TVL Growth has been crazy @ approx $30m / day + Shard campaign to last until they hit $1b TVL + YT tokens eventually decay to zero so the earlier u buy the more rewards you get + Revenue generation ratio is multiples higher than competitors - $ONDO and $MKR + Revenue mechanism is suitable for the current bullish climate when funding rates are sky high. + @ethena is heavily backed by key players in the industry so i expect a flurry of T1 CEX listings on TGE + Insurance Fund increasing rapidly to provide buffer when funding flips + I'm pretty comfortable with the risk presented - I've covered them in this post : x.com/Defi_Maestro/s… + I personally feel that the market has be under pricing Ethena Shards and hence aped at the first chance to secure a large bag. Useful Reads regarding the pricing of shards: x.com/NotSoAnonJoo/s… x.com/0xYaro/status/… x.com/kunalgoel/stat… + Overall feels like a decent trade w really good risk to rewards ratio. + This is probably highly degen but Im just an ape looking for fun. NFA. Either rekt or riches. LFG Referral Link: app.ethena.fi/join/hm37a