Pendle Intern

Bite me, Intern made a few mistakes for @SierraIsMoney YTs last time 🙇🏻‍♀️ Turns out I was being TOO conservative: • Didn't factor in yield ⬅️ +40% ROI here • YT TVL was ~50% higher than what it should have been ⬅️ Less airdrop dilution! In other words, YTs are actually better than expected. With these new projections, all they need to do for YOU to win is to TGE. Even at $30M FDV, it'll be an absolute cook for YTs 💦 And $10M FDV is roughly the breakeven point. With @opentrade_io, who oversees Sierra's reserve strategy, raising $17M recently, plus the amazingly transparent and super generous (for Pendle) airdrop scheme by Sierra (see post below)... Yes, I like YT-SIERRA. I like it alot.

Woke: longing oil on @HyperliquidX when it dips Bespoke: longing oil funding rates on Boros when traders long the dip to collect the funding payouts Rn, longing any of our 4 oil markets will give yield each funding settlement, and the rollover window isn't till 5th June...

✅ Saylor ✅ H.E. Who's next 💅🏻

🔥 The Ultimate DeFi Yield Opportunity is here — sUSDD is now live on @pendle_fi with $300K+ in exclusive rewards over 91 days! 🔹 Stacked Incentives: Surprise TRX airdrops throughout the campaign period 🔹 Extra Pendle Rewards: Earn up to an additional 30% APY in $PENDLE rewards ⏰ First Incentive Campaign Starts: May 28, 2026, 08:00 AM (SGT) 🥳 Set your alarms and don’t miss it! 🔗 PT/YT Market: app.pendle.finance/trade/markets/… 🔗 LP Pool: app.pendle.finance/trade/pools/0x…

GM @trondao 👋🏻 Introducing sUSDD (27 Aug 2026) by @usddio $300k of exclusive $USDD rewards to be earned, including additional $TRX airdrops for YT. Read on to learn more about @justinsuntron’s favourite stable 👇🏻

@0xTindorr @HastraFi @SierraIsMoney PT underrated af. 10.3% Fixed APY on a bluechip-RWA backed asset.

My top 5 RWA yields right now (non-Pendle/STRC edition) You might be finding a way to diversify from STRC farming like I am. So here it is. Here are the five I like most, ordered by yield. 1. PRIME by @HastraFi — 6.66% APY This is DeFi's most direct connection to consumer credit. PRIME is backed by HELOC loans originated by Figure Technologies (NASDAQ: FIGR), America's largest non-bank home equity lender. How it works: homeowners take HELOCs, Figure originates $1B+ monthly in peak periods, loans tokenized on Provenance blockchain, Hastra packages the interest into PRIME for onchain users at 6.66% APY. Zero correlation to crypto markets. You can also PT on Pendle to get fixed yield at 7.87% APR. 2. Theo thUSD by @Theo_Network — 5.40% APY Delta-neutral gold carry. Long physical gold lent to retailers as inventory financing. Short CME gold futures to make it delta neutral and earn the futures basis, so you don't care where gold trades. This held steady during March 2026 when crypto funding rates collapsed. 3. syrupUSDC by @maplefinance — 4.8% APY A decentralized credit marketplace connecting retail capital to institutional borrowers. KYC'd market makers, prop trading firms, and miners borrow USDC against BTC/ETH collateral at 9-14% APR. Lenders get roughly 4.8% after fees and first-loss cover. The RWA here isn't the collateral (BTC/ETH) but the borrowers. These are real businesses doing arbitrage, market making, and mining operations. $12B+ originated with 99% repayment rate. $109.9M in interest paid to LPs. 4. SIERRA by @SierraIsMoney — 4.07% APR A liquid yield token holding a rebalancing basket of investment-grade RWAs and blue-chip DeFi. Roughly half is RWAs: US Treasury MMFs (Fidelity), investment-grade commercial paper (Volkswagen, BP, ING), and AAA-rated CLOs (PGIM PAAA ETF). The rest goes into Morpho. The RWA portion is not tokenized wrappers. Assets held directly at BNY Mellon and Wilmington Trust via bankruptcy-remote accounts. Weekly vault reports from an FCA-regulated manager. You can also PT SIERRA on Pendle for 10.31% fixed APY. 5. sUSDS (Sky) by @grovedotfinance — 3.65% APY Grove is the infrastructure layer for RWA liquidity. It routes $2.57B across BlackRock BUIDL (Treasuries), Janus Henderson AAA CLOs (corporate credit), and DeFi lending markets. Grove Savings parks you in the Sky rate (about 3.75% on sUSDS) plus points right now. The part I care about is Grove Basin: up to $1B a day in instant liquidity for tokenized treasuries. Grove Basin solves the settlement gap. Tokenized RWA funds settle T+1/T+2. Basin provides instant stablecoin liquidity so you exit immediately while the backend settles. Up to $1B committed daily capacity. Zero-profit pass-through model. None of these are circular DeFi loops. Every yield traces to something real. A house, gold bars, a corporate balance sheet, a government bond. The RWA category is now at its best. NFA. DYOR.

To look at all the $PRIME opportunities on Pendle now, take a look here: app.pendle.finance/trade/pools/0x… NFA NLA NMA MDMA Pendiddler

↔️ PT/YT-PRIME For those looking for a more active approach, PT and YT could be a play for you. PT-PRIME lets you lock in 7.87% fixed APY from now until maturity YT-PRIME lets you speculate on $PRIME's yield exceeding 7.87% APY Up to you how you play it!

The $480m+ on Pendle powered by STRC showcases the IMMENSE demand for on-chain yields powered by RWAs Last week we launched the REALEST of all possible RWA pools and its got a VERY juicy 12% APR to boot. Haven't heard of @HastraFi and $PRIME? Let's take a look. 👇

"Mirror, mirror on the wall, who's the thiccest of them all?" @apyx_fi PT-apyUSD claims the crown and reign. With $42M swapped in a single breath, at 20% effective APY unto maturity's depth. No pool so thicc, no rate so bold, even @saylor himself would pause and behold.

Pendle Strategy has acquired 361.2m apxUSD and 55.3m sUSDat and has achieved preferred dividend yield of 11.50% APY. As of 5/25/2026, we non-custodially hodl 2,618,824 $STRC powered by @apyx_fi, @saturn_credit, and @saylor

@apyx_fi I DONT KNOW WHAT THIS MEANS BUT IT SOUNDS SMART 👍

Apyx isn’t just bringing onchain digital credit yield to $ETH. We’re also helping improve DeFi infrastructure. 🙌 Our latest ERC proposal introduces tokenized withdrawal claims for async ERC-4626 vaults, improving composability & capital efficiency. 👇 ethereum-magicians.org/t/erc-tokenizi…

For those not tracking the orderbooks, the YT whale has returned with a MASSIVE order. For PT-apyUSD this means: 🅰️You ape: $40m 🅱️You earn: $486k In just 24 days! Pendle 👨‍❤️‍💋‍👨 @apyx_fi 👨‍❤️‍💋‍👨 @Strategy

$HYPE YUs on @boros_fi show why trading funding rates is simple and easy: 🔹HYPE goes to a new ATH? Traders FOMO into longs 🔹By longing HYPE funding rates, you get paid out if funding rate (Underlying APR) shoots above your Implied APR entry 🔹You're not exposed to HYPE's PA (SAFU for those wary of a price correction!), just the behavior of traders on HL 🔹Even if the upcoming HYPE unstaking tanks price, if traders keep longing the dip, your position on Boros keeps winning With Boros, you can trade the behavior of the crowd, and get paid handsomely if you're right 👀

Steady lads

If you haven't signed up already, you can use your BOY'S link here: app.apyx.fi/join/a50l1yr If you're just looking to ape, take a look at the Pendle pools here: app.pendle.finance/trade/markets?… NFA NLA NMA MDMA Pendiddler

There's multiple ways to stack S2 ponts on @pendle_fi. Do you: 📌 Maximize leverage using near-dated pools? 📌 Ape strictly based on IY/Pips? 📌 Speculate on underlying yield offsetting IY? Choice is yours 🤷‍♂️

APYX TGE date has been LOCKED IN for 13 October: 🅰️S1: 5% 🪂 → Ended today 🅱️S2: 6% 🪂 → Ending October 11 That's a total of 11% of @apyx_fi's total supply up for grabs to Pip holders. S1 participants ALSO get a 20% boost during S2 AND an an even larger pie to share from!