RightSide

@blue_clarity Gm

Gm (Apparently my mutuals will see this)

Day 256 — full position breakdown. @HyperliquidX PERPS (3x long, cross margin) ETH | Mark $1,876.9 | PnL +$17.09 (+43.3%) | Funding -$0.73 AAVE | Mark $99.600 | PnL +$66.67 (+168.7%) | Funding -$1.66 MORPHO | Mark $2.0224 | PnL +$6.05 (+50.4%) | Funding -$0.28 CASHCAT | Mark $0.15470 | PnL +$4.41 (+52.3%) | Liq $0.25614 | Funding +$0.52 — flipped from -65.7% loss yesterday to green AERO | Mark $0.50089 | PnL +$3.29 (+5.6%) | Funding -$0.98 — back in the green ETHFI | Mark $0.39337 | PnL +$75.99 (+58.8%) | Liq $0.04240 | Funding -$4.67 Green across the board today. @Lighter_xyz PENDLE 5x Entry $1.6132 | Mark $1.5152 | Liq $1.3523 | PnL -$156.75 (-30.38%) — clawing back from -46.59% yesterday @boros_fi (6 positions — the two SOLUSDC positions from yesterday are gone, a new ETHUSDC 72d leg is here instead) WTIOILUSDC 2d (17 Jul 2026) | 2,496.8 YU | Pay 11.32% | Rcv -83.18% | PnL -$7.96 — underlying cratered further, matures in 2 days ETHUSDC 16d | 14.5 YU | Pay 5.31% | Rcv 10.95% | PnL +$51.35 ETHUSDC 72d (25 Sept 2026) | 4.8 YU | Pay 5.55% | Rcv 10.95% | PnL +$0.67 — new position ETHUSDC 163d (25 Dec 2026) | 1.74607 YU | Pay 4.62% | Rcv 10.95% | PnL +$0.55 HYPEUSDT 16d | 4,000 YU | Pay 3.23% | Rcv 10.95% | PnL +$0.37 HYPEUSDC 16d | 65,882.8 YU | Pay 8.55% | Rcv 10.95% | PnL +$43.67 @prjx_hl — HYPE/USDT0 V3 2% Position $739.97 | APR 144.07% | Unclaimed $4.3833 | Total fees $163.06 (+$0.4868 today) @prjx_buddy — HYPE/USDC V3 0.3% | $2,169.18 | APR 46.37% | Unclaimed $19.00 V3 0.05% | $378.54 | APR 50.35% | Unclaimed $3.5413 V3 0.05% | $188.12 | APR 67.75% | Unclaimed $4.4950 Total fees $391.16 | +$3.6508 today | Pending yield $27.03 @Uniswap V3 — PENDLE/WETH 0.30% (Ethereum) $807.73 | Fee APR 63.00% | Total APR 63% | PnL +$10.04 | Uncollected $10.47 @Aerodrome_fi CL — MORPHO/WETH 0.30% (Base) $739.97 | Fee APR 100.00% | Total APR 100% | PnL +$3.55 | Uncollected $25.94 @0xfluid — USDC-ETH Loop #18524 (Ethereum) Collateral $2,471.09 | Debt $1,947.42 | Supply 22.56% | Borrow -13.21% | Ratio 78.78% (max 88%) @ipor_io @628Labs TAU cbETH Dynamic Looping (Base) $1.58K | 0.74 cbETH | APY 9.40% + 3.73% incentives | TVM $35.3M @eulerfinance on @monad — K3 Isolated PT-AUSD-8OCT2026/AUSD, 9.03x NAV $397.46 | Debt $3.19K | Collateral $3.59K (3.65K PT-AUSD) | Net APY 1.92% | ROE 17.36% | Health 1.03 | LTV 88.93/92% @byreal_io — xStocks and LP book Total liquidity $2,324.56 | Total profit -$331.82 | Liquidity fees $96.21 @pendle_fi PORTFOLIO Total balance $1,552.26 | Claimable yield $67.11 Ethereum $1,108.25 (71.4%) | Monad $365.77 (23.6%) | HyperEVM $78.24 (5.0%) Winners: apyUSD 43d +$49.71 (+24.94%) | savUSD 22d +$43.87 (+10.57%) | sUSDD 43d +$24.47 (+15.19%) | eEARN 71d +$6.73 (+33.44%) | USD mROX 15d +$6.27 (+10.91%) | earnAUSD 85d +$16.32 (+3.54%) | fxSAVE 106d +$2.06 (+7.53%) | STRCx 43d +$0.60 (+18.55%) | wstETH 533d +$0.0003 (+3.34%) Laggards: jrUSDat 43d -$7.84 (-80.53%) | superUSDC 134d -$37.29 (-32.44%) | USDG 71d -$39.82 (-13.48%) | stHYPE 43d -$0.29 (-11.33%) | haHYPE 15d -$0.06 (-20.12%) | sUSDS 134d -$1.35 (-0.43%)

Boros Broadcast #7: Yield's Coming Home - Over $20B in trading volume in less than 1 year! - How to use our new Boros Data Board - The best reverse spread trades to take on Boros

Linn's Leverage #1065 is out: (Link in tweet below) @boros_fi @pendle_fi @maplefinance @Theo_Network @KyanExchange @Mantle_Official Like/Repost to support:

@ahboyash Slop slop slop slop slop

Wow finally seeing post from people I follow and no more SLOP CT and the markets are back

@WilcosX Monad pools

@Rightsideonly pendle is how i mute doubt. which pool are you riding rn?

"A bear market is a mental game more than a financial one. Liquidity dries up, people tap out, and the doubt creeps in about whether crypto has a future at all. That feeling has surfaced in every cycle, and every time the market has gone on to prove it wrong." yep Pendle

@defi_tigerr Pendle

@Rightsideonly doubt loud, pendle louder

@EternalEila Thankss

@Rightsideonly pendle is how i stay invested thru cycles

@crypto_linn Pendle

@Rightsideonly pendle

@quant_sheep Pendle

@Rightsideonly Pendle

@0xgilllee @pendle_fi Team is goated

@Rightsideonly @pendle_fi bravo to the UIUX designer :D

Noticing the latest news feed on the @pendle_fi platform. If you don't have enough time to scan Pendle's posts on X, just visit the Pendle site and click the 'Newsfeed' button to stay updated. Every detail on the rewards distribution is showing up here. Nice and clean incentives for Pendle mates.

Finally an easier way to degen

@crypto_linn @PendleIntern @tn_pendle @pendle_fi Got khao soid

@crypto_linn @PendleIntern @tn_pendle @pendle_fi Unfortunately i've been demoted and now in jail Regards Rightside

@PendleIntern @tn_pendle @pendle_fi @Rightsideonly pls return intern to his cage

New V2 feature I'm most excited about is finally here soon: PT Looping. PT auto-looping on @pendle_fi app, simplifying a tedious manual process of supply, borrow, swap, repeat...into a matter of just seconds. Beta to launch quite soon.

🔥又到搓手手抢先看时间了🥳 Pendle V2接下来会上线的，超级无比期待的新功能是 in- app PT looping 一键循环贷。 原来需要好多时间布局的策略如今会超便捷：直接从购买PT到循环，调整杠杆，加减仓位一气呵成。 目前在最后内部测试阶段，很快就会能上线啦啦啦！

@DOLAK1NG Pendle

Pendle has settled nearly $70B in yield. It sits under Ethena, etherFi, Aave, Morpho, and half the stablecoin trades you've made without realizing it. Most people still can't explain what it actually does. Here's everything you need to know 🧵👇 Every yield-bearing token does two things at once. It holds value, and it earns a stream. Your stETH is worth ~$3,000 and it pays staking yield. Bundled together, inseparable. @pendle_fi splits them apart. Deposit a yield asset, it mints two tokens. PT, the principal. YT, the yield. PT is the asset stripped of its yield, redeemable 1:1 at maturity. So it trades at a discount, like a zero-coupon bond. Buy PT-USDe at 92 cents, redeem for a dollar later, that gap is your fixed return. YT is the pure yield stream until maturity. Buy it and you're collecting everything the asset throws off, betting rates stay high. One token became two markets. ➠ WHY IT MATTERS Because it hands DeFi something it never had cleanly: a choice between certainty and speculation. Want to lock a fixed rate and stop watching APYs swing? Buy PT. You've turned a floating yield into a fixed one. Fixed income, onchain, no bank. Think yields are about to spike? Buy YT for leveraged exposure to the rate itself at a fraction of the capital. A farmer nervous about falling yields and a trader betting on rising ones can now take opposite sides of the same asset. Pendle built the venue where they meet. That's why it holds 50-60% of all DeFi yield trading. ➠ THE ENGINE ROOM Average TVL around $5.7B in 2025, up 76% YoY, peaking near $13.4B. Nearly $70B in cumulative yield settled. The concentration tells the real story. @ethena USDe is roughly 70% of @pendle_fi TVL, and the PT-USDe loop became one of DeFi's biggest trades: buy PT-USDe for ~8.8% fixed, post it as collateral on Aave, borrow USDC at 4-6%, repeat. When Aave raised the PT-USDe cap by $600M last September, it filled in under an hour. That's the part people miss. Pendle PTs are the collateral across Aave and Morpho. Pendle's fixed-income tokens became base money for the lending stack. @maplefinance syrupUSDC, @ether_fi staked ETH, @ethena synthetic dollar, all of it runs through Pendle to get fixed, split, or levered. It's the plumbing under the plumbing. ➠ THE MOVE THAT CHANGES IT @boros_fi. Every perp trader pays or receives a funding rate. It shifts constantly, and until now you couldn't cleanly hedge it. Boros turns it into a tradable instrument. The market it's reaching for is ~$150B in daily perpetual funding. Four months post-launch, Boros hit ~$6.9B in open interest. It's now listing funding markets on equity perps, an NVIDIA market on Hyperliquid, with S&P 500, Nasdaq, and Tesla flagged next. Think about who needs this. Ethena's entire yield comes from perp funding. @boros_fi lets it hedge that directly. Pendle is aiming at the interest-rate derivative desks of real institutions. ➠ HOW THE TOKEN CAPTURES IT Under sPENDLE, 80% of protocol revenue funds buybacks. Revenue comes from a 5% fee on PT issuance, 80% of AMM trading fees, and Boros fees. Roughly $40M annualized and climbing. Against a ~$175M market cap, that's under 4 cents of market value per dollar of TVL managed. Arthur Hayes bought ~$1M of PENDLE early this year for exactly that reason: the only scaled onchain rate protocol with an institutional path, priced like a mid-tier farm. Cheap or fair depends on Boros. If funding-rate trading scales, revenue re-rates. If it stalls, Pendle stays a yield venue with a nice buyback. In conclusion @pendle_fi built the fixed-income layer of a financial system that didn't have one. TradFi runs on the ability to fix a rate, trade a rate, hedge a rate. Crypto had none of it in usable form. Pendle shipped all three: PT for fixed income, YT for rate speculation, Boros for funding-rate hedging. Fixed income is the biggest market in global finance. Pendle's the one building it onchain while everyone else argues about stablecoins. That's a wrap!

@belizardd Pendle

@crypto_linn Gyat dem indeeed

holy moly gyat dem bullish af do yourself a favour and read the whole thing:

@PendleIntern I'm a cockroach Pendle