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Pendle Intern
12.1K posts
Pendle Intern
@PendleIntern
Chief Meme Officer (CMO) @pendle_fi || Burger Engineer @McDonalds
Borough of Pendle Katılım Nisan 2023
1.1K Takip Edilen23.4K Takipçiler
Pendle Intern retweetledi
Pendidlers probably already caught the @Paxos USDG external incentive program ($150k in rewards over 5 weeks)
But I want to zoom in on something specific → limit order incentives
While I was scouting for places to farm with my stables (again KEK), I noticed this nice little yellowish-brown prompt - supply liquidity within a range, get a bonus APR on top (worth noting: this only applies to YT/PT, and only for select pools)
Say I want to capitalize on this USDG campaign incentives,
👉 I'd place my YT orders between 5.12% to 5.66% to earn 60.75% APR (this can fluctuate wildly, heads up)
What other pools are running something similar?
• @USDai_Official → USDai and sUSDai
• @ethena → sUSDe
• @strata_markets → jrUSDe and srUSDe
• @Re → reUSD
• @Neutrl → sNUSD
• @avantprotocol → savUSD
The range with limit order incentives creates a "demand zone" to keep the IY price up + a win for us farmooors comfortably stacking points (excl. Paxos USDG)
Juicy yields get juicier with @pendle_fi
Pendle@pendle_fi
Click 'See All' next to the 'Incentivized Limit Orders' card to display all markets with LO incentives. Find your market here: app.pendle.finance/trade/markets
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@PendleIntern lol ur morning alarm is literally whale alerts now
no way ur missing any move with that notif speed
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Woke up because I got spammed by Yellow-Hippo-d85.
Rude.
Pendle@pendle_fi
Pendle is now the largest holder of $USDG - 2 weeks after the market went live. By turning yield into tradable markets, Pendle gives institutional assets a direct path to building onchain liquidity and traction 🤝
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@crypto_linn you know what else gets filled and removed quickly after?
how's Mrs Au doing these days @chutoro_au?
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Funny quirk about LO incentives
Since orders are removed from the book as soon as they get filled, LOs quickly rocket back up to 100% APR
Gentle reminder...
...yes, 100% APR on stabelcoins 🥱
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pendle PT tokens spike to 15%+ fixed yields during market panics when they normally trade at 8-9%. ethereum foundation just put $7.5m into morpho vaults using PT strategies. institutions want fixed rates. degens want variable. the spread between panic pricing and normal pricing on PT-USDG is the cleanest vol trade in defi right now.
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We live in a society where reserve banks hike rates by 0.25% to quell inflation
Meanwhile, Pendle enjoyooors just buy YT-USDG and print 834% APY
Checkmate, economists
Pendle
Pendle Intern@PendleIntern
If you've been eyeing USDG on Pendle, you may have noticed a dip in its underlying yield. This usually means YTs are losing money. In this case, YTs are actually earning a LOT of money. Here's how our UI is hiding one of the biggest stablecoin opportunities in DeFi. 👇
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Pendle Intern retweetledi
Pendle is proud to power the yield curve for @OCRRate, the first standardised onchain benchmark for stablecoin yields.
OCRR uses Pendle's fixed-rate markets to construct a full term structure, bringing institutional-grade rate infrastructure to DeFi 🤝
OCRR@OCRRate
Introducing OCRR: the Onchain Reference Rate The DeFi equivalent of SOFR; a daily benchmark for stablecoin lending yields across the top chains and protocols. Oh, and we don't stop at spot rates, we're introducing DeFi's yield curve too. Live now at onchainreferencerate.com
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Pendle Intern retweetledi
As of now, assets can exist in multiple Pendle pools across multiple chains.
Take @ethena sUSDe for example, there are 3 pools existing across Ethereum and Plasma.
The vision of Pendle's omnichain is to collapse all of these into a single, gigantic pool on a canonical "home" chain.
The same pool that gets accessed by everyone, from everywhere, from any chain. Better depth means better swaps. One pool per asset per maturity means better streamline and zero confusion.
The downstream effect is that Pencosystem integrations stop being chain-constrained. Any lending markets on Base for instance can support any PTs on Plasma. The result is an explosion of choices for PT holders, and also for any DeFi apps looking to support Pendle assets becomes trivially easy.
What we have here is a step towards that near future ⚡
Pendle@pendle_fi
Pendle is now omnichain ⚡ Any token to any PT, from any chain, to any chain Example: 1. Using ETH on Arbitrum 2. Swap to PT-sUSDe on Plasma 3. Receive PT on BNB Chain All of these in just ONE transaction
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$150M swap with only -0.01% price impact.
What would usually OTC desks and days of coordination, Pendle is now providing for you in just a snap ⚡
Combine this with @aave loop and we're looking at ~30% APY
Fixed yield at institutional scale instantly, BABY.
Pendle@pendle_fi
Here's something absolutely bonkers 👇🏻 $150M market buy of PT-srUSDe, with only -0.01% price impact. That's a 4.31% effective fixed APY on $150M in a single swap. Not even the deepest $BTC markets on CEXs could let you do this 👀
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Pendle Intern retweetledi
📍Pendle UI新推荐、最高循环贷资产排排站～
📍恭喜USDG在Pendle TVL 5天超过$50M、LP APY还有8.21%。
搓手手希望Paxos续杯加码。💫
📍最近新上线的挂单奖励LO incentives也人气爆满，搓手手期待下一步universal token 挂单- 用一颗USDT就可以挂N个不同资产市场，无限订单簿深度。
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Pendle Intern retweetledi
🎁 AVLT on Pendle
Pendle lets you unlock the full yield suite for AVLT:
🟢 PT-AVLT → Fixed Yield
🔵 YT-AVLT → Leveraged Yield
🟣 LP-AVLT → Boosted Yield
Thanks to $27k in bonus rewards, LP-AVLT currently earns 47% APY.
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Bonus incentives are now live for the AVLT pool by @alturax
Provide liquidity and earn a share of $27k in USDT and PENDLE over the next 4 weeks (47% APY currently)
Find out more below.
👇
Pendle@pendle_fi
Shhhh... here's where all the incentives (and best yields) are hiding in this epoch 🤫 • USDG YT - 904% Long Yield APY • USDG LP - 7.02% • sNUSD YT - 503% Long Yield APY • AVLT LP - 47% APY • ynRWAx LP - 50% APY
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Pendle Intern retweetledi
+40% move captured? This guy knows how to Boros:
DarkLord_gr@DarkLord_gr
Commodity funding rates are moving. This is how I caught the last one. XAG and $BRENTOIL spreads on @boros_fi are climbing these are the setups most people ignore because they're not chasing token names. I shorted XAG at 26% annualized on @boros_fi. One of the cleanest paying positions I've had this cycle. Set your alerts here: pendle-arbitrage-monitor.vercel.app Don't miss the next one because you weren't watching. P.S. Good thing I don't have many followers yet — can't dilute what nobody knows about. Won't be a problem forever.
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Multiplying this by YT's natural leverage and annualizing it gives us YT-USDG's long yield APY.
That's right - 922% APY on USD powered by @global_dollar, @Paxos and Pendle.
Don't fall for the front-end team's TRICKs again.
YT-USDG: app.pendle.finance/trade/markets/…
Pendle
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🆕 Updated Graph
If we wanted to portray YT-USDG more accurately, we'd need to push the underlying yield up to reflect its bonus rewards.
This makes a pretty significant POSITIVE spread of 2.89% APR.
That means YTs are actually trading at a 35% discount 👀
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If you've been eyeing USDG on Pendle, you may have noticed a dip in its underlying yield.
This usually means YTs are losing money.
In this case, YTs are actually earning a LOT of money.
Here's how our UI is hiding one of the biggest stablecoin opportunities in DeFi.
👇
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