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@0xPhoenix77 @pendle_fi @Plasma Pendle

Plasma is starting its own DeFi summer on @pendle_fi. The key signal goes beyond APY. These 4 markets are splitting capital into different roles inside the @Plasma ecosystem. 1. Fixed APY hunter - PT yzUSD 8.37% PT yzUSD currently offers the highest fixed APY on Plasma Pendle, with maturity on July 30. This pool represents “duration capital”: users willing to lock into a clear maturity for predictable yield. If this market expands, it shows real fixed-income demand forming on Plasma. 2. Leverage king - YT sUSDe 265x This is the main market right now, with ~$85M liquidity and ~$5.2M 24h volume. YT sUSDe acts as Plasma’s volume engine. Users are trading future yield, points, and incentive expectations. This is the layer that attracts traders, whales, and attention fastest. 3. Balanced yield - syzUSD syzUSD has 7.16% underlying APY and 7.13% fixed APY. This pool works like a yield-routing layer, letting capital rotate between fixed return and variable upside. It helps Plasma form a more flexible yield structure. 4. Stable play - PT USDe 4.78% PT USDe is the base liquidity layer for stablecoin holders. It gives users a simple place to park stablecoin capital with clear fixed yield. Overall, Pendle is helping Plasma build its own yield curve: PT brings stable capital, YT drives volume, SY adds flexibility, and USDe anchors stablecoin liquidity.

Every week, @pendle_fi does something that makes it harder to argue against. Protocols are increasingly building their liquidity strategy around Pendle. APYX and Saturn are the clearest examples of this right now. @apyx_fi launched on Pendle and went from $26M to $371M TVL in two and a half months. A 14.3x increase. Pendle holds roughly 77% of all APYX TVL. That is not a protocol using Pendle as one tool among many. That is a protocol whose liquidity expansion is being driven through Pendle. @saturn_credit tells the same story from a different angle. $48.7M to $159.8M in thirty days. Native USDat holders grew 12x since listing. Pendle holds 48% of Saturn TVL. The PT markets are currently offering around 19% fixed APY. If you are willing to loop on @Morpho, yields can stretch to 60–110%. PT-apxUSD and PT-apyUSD are now the largest PT markets on Morpho with $50.5M TVL combined. The Paxos USDG pool crossed $200M TVL. These numbers are not happening because Pendle got lucky with timing. They are happening because the protocol built something that serious capital wants to sit inside. Now for the part most people overlook. The orderbook upgrade quietly changed the efficiency of everything. Before the migration, the orderbook handled 38.4% of volume. It now handles 59.9% of volume. $1.64B has been routed since the migration, a 2.5x increase even while TVL contracted. Volume efficiency improved while TVL declined. Half of all markets can now absorb $100K+ at under 2% price impact. The largest single trade absorbed was $13.3M on Global Dollar. The LO incentive numbers deserve their own moment. Roughly $32K spent generated around $280K in fees. Nearly 9x efficiency, and still climbing weekly. Most liquidity incentives bleed capital. They only work when the underlying product is strong. Emissions were cut 36.5%. 73% of remaining emissions are now directed toward fee-generating pools through AIM. 97.27M PENDLE staked, which is 35% of circulating supply. The protocol is getting leaner and more efficient at the same time. That combination is rare. @boros_fi does not fit neatly into any existing category. That is exactly why it is worth paying attention to. OI is at $125M, up 12.9% week over week. Volume sits at $52.5M, up 5.7%. Brent Oil, WTI Oil, Gold, Silver, the S&P 500, SOL, XRP, and HYPE across Hyperliquid, Binance, OKX, Bybit, and Lighter. Thirty-eight active markets in total. That list is worth reading slowly. Oil. Gold. Silver. The S&P 500. Pendle, a protocol built around yield, now has markets tied to macro assets traded across global finance. That is not a small product decision. That is a statement about what this protocol intends to become. BTC and ETH liquidity also improved this week, with OI rebuilding across 18 markets spanning four exchanges.

Pendle 的护城河之一：对市场的敏锐嗅觉与产品研发的前瞻性。 以前很多人说没有积分，Pendle就没戏了——这种时候反驳没用，只能靠新的漂亮成绩单说话。 从去年开始， @tn_pendle 就意识到了RWA的潜在重要性，团队也一直在积极部署相关方向：哪些协议在做RWA、哪些协议/机构在做什么、如何更好提升资金利用率与资金深度、如何添加新功能优化用户体验、如何用更精细的策略发展并养护不同画像的用户、以及如何适配各个地域市场的不同特性。 团队每个人都在不同领域专心打磨每一个细节，让Pendle稳居蓝筹交易平台龙头。 这几年下来，我也重新审视了很多事，包括Pendle一直以来偏低调的宣发风格。 从去年开始，我们在不同阶段的产品教学科普、研发计划方向的透明度、以及更机构友好的沟通角度等方面都做了优化。从长远来看，在拥有坚实PMF的前提下低调稳步前进：每一件承诺的事情都能交付，每一次在新叙事出现之前抢先布局、满足市场和用户需求，比任何用钱砸出来的PR都更珍贵。 不论是熊市还是牛市，总还是有人需要交易，需要理财，只是每个用户对于风控和资金利用的要求随着大环境的改变而不一样。 如今各式各样的RWA火热进军币圈，Pendle V2上的大部分TVL也悄然转为RWA系列。 这里也欢天喜地恭喜一下： 🥳USDG在Pendle上的TVL超过207M美金，成为Pendle上最大的池子。🔥 📍循环贷爱好者敲黑板：Aave上PT USDG的额度也加码到了120M美金。 紧随其后的是Ethena（目前大部分底层已经是美债），以及最近超火爆的$STRC系列Apyx的池子。 新产品Boros上，除了BTC和ETH市场的深度越来越好之外，也能看到美股、金属和原油的市场。 Boros的出现，方便用不同策略交易和对冲funding rate：不仅把funding rate发展成新的收益来源品类，也填补了市场在交易与对冲上的一大需求。 虽然Boros仍处于早期阶段，风控的优先级依然更高，但我们也看到越来越多的专业traders和机构联系团队，开始学习并使用Boros；市场上也出现越来越多的竞品，初步证明了这条路的PMF与未来可行性。 还蛮期待更多RWA入驻DeFi，相信不论任何叙事和创新，Pendle和Boros都能稳稳接住用户交易需求，也相信一个低调稳重的团队，不论外界声音如何嘈杂，不论市场环境的高低起伏，一定能走得非常远。 永远重仓$PENDLE。🫡

Preferred stock dividends are coming onchain as tradeable DeFi yield, targeting 13-15% APY. Here's how Apyx and @Pendle_fi are bringing DAT dividend-backed yield into DeFi through fixed and floating yield strategies. Read the full article 👇 coingecko.com/learn/apyx-pen…

Besides making 9 figures shorting ethereum:native, Bear also printed $6.96m off his short positions... 🤯

everyone is reading CLARITY as “which tokens are commodities” but the better question is where the yield goes if passive stablecoin rewards get boxed in.. that is why $PENDLE and $MORPHO keep looking like the cleanest second-order trades. capital that can’t just sit in idle USDC earning rewards will look for structured yield markets, fixed-rate products, curated lending vaults and places where collateral can actually be underwritten. $PENDLE prices the yield. $MORPHO routes the capital. then the rest of the stack starts making more sense. $ENA becomes the crypto-native dollar/yield experiment. $ONDO becomes the institutional RWA distribution layer. $AAVE remains the battle-tested liquidity base. CLARITY does not just make DeFi “legal.” it may tell capital where it can go next.

💸Pendle上的USDG目前应该是DeFi最棒的稳定币理财了 🥳安心美债底层，目前也是Pendle上最大的市场，有超过208M美金TVL。 📍PT 提供 5.16% APY，在AAVE上循环贷收益有超过APY25%(supply已加码到120M） 📍YT提供真金白银的USDG和PENDLE奖励 📍还有丰厚挂单奖励 DYOR，选择适合自己的理财风控哈。

Don't miss out on these gas rebates for Pendies who've provided liquidity to the following $USDG, @apyx_fi and @saturn_credit pools!

Most people still describe @pendle_fi as a “yield trading platform.” I think that misses the bigger picture entirely. What Pendle actually does is reshape distribution. Once an asset gets PT/YT markets, it stops being just a passive token sitting in wallets and starts becoming financial infrastructure people can position around, hedge, borrow against, or lock fixed exposure into. That changes behavior. And behavior changes demand.

Pendle now holds 2,453,331 $STRC non-custodially through our $STRC yield coin markets, forming the primary venue for yield discovery and liquidity in onchain digital credit.

Linn's Leverage #1022 is out: (Link in tweet below) @boros_fi @pendle_fi @maplefinance @Theo_Network @KyanExchange @Mantle_Official Like/Repost to support:

@machibigbrother @boros_fi Want to see your funding rate payments? funding-receipts.pendle.finance

If only @machibigbrother knew he could hedge the funding rates he paid by using Boros he would have $6M more capital to trade 👍🫰

你这几年交易白付了多少资金费率？💸 资金费率多年来都是隐形的成本，对有资金体量的专业traders或者机构， @boros_fi 都是很棒的工具 。 除了可以直接交易funding rate，固定funding，也可以做不同的跨所策略。 Pendle专门做Boros的同事 vibe code了个小网站，可以用你Hyperliquid的钱包地址看看。

GM, @global_dollar PT-USDG market cap raised from 80M to 120M on @aave 25% APY is now back on the table 🫡

How much funding have you paid? The @boros_fi team vibe coded something over the weekend. Paste any wallet address to see the damage. Starting with @HyperliquidX, with more coming soon. Check it out and let us know your thoughts!

As we approach a more mature phase of RWA-Fi with ~$31B in tokenised distributed assets tracked by @RWA_xyz, it’s time to confront the structural bottlenecks holding the sector back. What most people overlook is that the real constraint isn’t issuance or demand, but the liquidation infrastructure. Existing DeFi liquidation models (DEX liquidity + permissionless liquidators) break down for RWAs due to: 1. shallow liquidity (no natural backstop for large positions) 2. compliance restrictions limiting eligible participants 3. long redemption cycles (60–180 days) Particularly #1 and #3 aren’t trivial problems, they require entirely new system design. This is where RedStone Settle comes in. @redstone_defi introduces a solver-based liquidation layer that transforms illiquid, time-locked RWA positions into instantly settleable liquidity via auction coordination. Instead of relying on open markets, the system routes distressed positions to a network of pre-approved, KYC-verified counterparties who compete to take over the position. The winning solver injects liquidity on-chain to close the position immediately, while assuming the off-chain redemption and duration risk. In essence: redemption latency is abstracted away and replaced with instant settlement. This removes the embedded illiquidity premium, making RWA collateral far more usable and attractive across DeFi. Better liquidity → tighter spreads → more participants willing to hold exposure → deeper markets → sustained growth. And that’s the unlock. As the underlying asset dynamic significant improves, we'll see: 🔸higher LTV ratios → better capital efficiency 🔸scalable RWA-backed lending as a result of greater depth 🔸institutional-grade collateral reliability instilling more confidence and ultimately, deeper DeFi composability.