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19 Aug, 8 tweets, 3 min read
SLP pools are now live!

Head over to app.pendle.finance and check them out!

Live pools:
1️⃣ PENDLE/ETH SLP tokens
2️⃣ ETH/USDC SLP tokens
Current APRs:

YT-Pe,P pool: 16,000%
OT-Pe,P pool: 6,000%
YT-ETH/USDC pool: 127,000%
OT-ETH/USDC pool: 12,000%
Learn more on how to Pe,P here:
medium.com/pendle/introdu…
Alongside this release, Pendle AMM swap fees have been updated to 1%.

This ensures LPs are fairly rewarded for providing liquidity + the capital efficiency of YT ensures that the fees are more in line with the notional amount being traded.
Relevant addresses:

PENDLE:
app.sushi.com/swap?inputCurr…

OT-Pe / PENDLE: app.sushi.com/swap?inputCurr…

OT-ETHUSDC / USDC:
app.sushi.com/swap?inputCurr…

YT Pools: app.pendle.finance
Relevant links:

1️⃣(Pe,P): medium.com/pendle/introdu…
2️⃣LP Tokenization docs: docs.pendle.finance/core-mechanics…
3️⃣SLP Tokenization: link.medium.com/mCJ8tR42Oib
Follow the steps here to Pe,P! 👇link.medium.com/JNvCJkJVPib

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More from @pendle_fi

Pendle Profile picture
18 Aug
NEW LAUNCH: @SushiSwap LP Tokens

With this initiative, the future swap fees of Sushi LPs can now be traded!
Captain PePendle has also found (Pe,P) - find out more below. 👇
The 2 initial @SushiSwap pools will be live on 19th Aug GMT 00:00

1️⃣ PENDLE/ETH LP tokens
2️⃣ ETH/USDC LP tokens
As swap fees are directly impacted by trading volume, traders can now speculate on the underlying trading activity or use it as a proxy for volatility.
Read 12 tweets
Pendle Profile picture
27 Jun
Locking Yield Case Study (Update)
Our first case study on hedging yield received some attention from those new to DeFi.

Credits to @AutomataEmily and @SamuelShadrach4 for the explanation on crypto inherent risks beyond price. We have updated the piece to reflect those. 👇
Pendle is a new protocol and using it assumes the risk of Pendle smart contracts.

We are built on top of other protocols such as Aave and Compound, and users assume their smart contract risk too.

Those unfamiliar with such risks should NOT use Pendle.
On to the case study:

A Pendle user locked-in yield on $300k worth of aUSDC and cDAI, receiving a return of 54.5k USDC (18%). This USDC was immediately available in his wallet.
Read 11 tweets
Pendle Profile picture
25 Jun
Risk is a nuanced topic, so let's run down the list of possible risks a user would be exposed to in our previously mentioned strategy.
Price Risk
1. Using a and c tokens as the base denomination, the user is taking 0 price risk.
2. This is what we refer to when describing the strategy as no risk.
3. Regardless of market volatility, the returns have been fixed in aUSDC and cDAI terms. There is no price risk.
Smart Contract Risk
1. User takes smart contract risk of Pendle .
2. As a holder of a and c tokens, user takes smart contract risk of the underlying protocols.
3. This applies to any future protocol integrations.

Users uncomfortable with this should NOT use the protocol.
Read 4 tweets
Pendle Profile picture
17 Jun
Pendle markets are open! We hope you’re ready to trade your yield.

Minting of YT+OT and trading of YT pairs are live on the app: app.pendle.finance
OT pairs for aUSDC and cDAI are live on @sushiswap:

app.sushi.com/add/0x8fcb1783…

app.sushi.com/add/0x3D4e7F52…
Kickstart the DeFi yield layer and be rewarded!

OT LPs do not have to stake their LP tokens.
Read 5 tweets
Pendle Profile picture
16 Jun
We’re live in 12 hours! We hope you’re as excited as we are :)

To help you ease into the system, we have created 2 cheatsheets for Ownership Token (OT) and Yield Token (YT), both of which are key components of Pendle.
Deposit a yield-generating token into Pendle to mint YT and OT.

At launch, @AaveAave‘s aUSDC and @compoundfinance’s cDAI will be supported.
YT represents the right to receive yield from the underlying.
Buy YT for direct yield exposure, sell YT to cash in your yield for an upfront payment.
Read 7 tweets
Pendle Profile picture
14 Jun
After nearly a year of building, we’re excited to share that we will be live on Ethereum - 17 June 0100 UTC.

Users will be able to trade and hedge their yield. In these volatile times, Pendle gives you the ability to act on your views of DeFi yields.

link.medium.com/oJg1F3Qa5gb
We will activate auto-compounding Pendle Staking in 1 hour.

Users can stake PENDLE for more PENDLE at app.pendle.finance.
Dual Rewards (PENDLE + SUSHI) in the @SushiSwap Onsen will be live later this week! Image
Read 6 tweets

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