Pendle Profile picture
Mar 31, 2023 11 tweets 4 min read Read on X
With just $10,000, a Pendle user is now earning yield from $158,957, effectively leveraging capital 159x with zero liquidation risks.

But here's the best thing, anyone can do it too 🔥
Earlier today, the Implied Yield for newly listed @StargateFinance USDT pool onArbitrum sat at ATL of 4.19%, way below the actual APY of Stargate USDT at 5.84%.

Refresher - Implied Yield is the "price" of YT. The lower it is, the cheaper YT is.

This was the point of entry.
With 10,000 $USDT, the user initiated a transaction to purchase 158,957 YT-USDT.

1 YT-USDT gives you the right to collect yield generated by 1 USDT, which means this user just bought the rights to collect yield generated by a $158,957 position.

arbiscan.io/tx/0xd08a9dfa1…
Assuming the Underlying APY remains constant, the user is on track to earn $14,004, or $4,004 (40%) in profit.

Annualized, that's 31.5% APY for a stablecoin position, more than 5x what the user would have gotten from only holding the underlying (5.85%) ⭐
Another quick way to gauge the profitability of a long-yield is by looking at its Long Yield APY.

For instance, assuming the Underlying APY stays at this level, YT-ankrETH-WETH will yield you 137% APY.
The Pendle Calculator can also be helpful in helping you estimate the profit in various scenarios.

Here's what happens if the Underlying APY for #Aura ankrETH-WETH goes down to 10.5% instead:
If you need help getting started on your yield-trading journey, here's a simple ELI5 version of YT 🪔
For the simple farmers who prefer a more straightforward, no fuss, no IL approach, you can also provide liquidity to the same pool to earn up to 133% APY.
Even with just the base APY, the $USDT pool on Pendle currently offers some of the highest returns for a single-asset, stablecoin exposure, according to @DefiLlama
In short, there are plenty of opportunities on Pendle, you just have to know where to find em and catch em all.
15.9x ***

Once again, the intern has failed to math. Another round of cram school he goes.

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More from @pendle_fi

Jul 2
The Pendle Symbiotic arc continues with a 4some this week 🧬

@ethena_labs x @mellowprotocol x @symbioticfi x Pendle, featuring:

🔹rsENA (26 Sep)
🔹rsUSDe (26 Sep)

With Mellow Points, Ethena Sats, Symbiotic Points, USDe staking yield and more up for grabs 👇🏻 Image
What are rsENA and rsUSDe?

rsENA and rsUSDe are the first non-ETH assets to be restaked on Symbiotic, curated by @Re7Capital, @MEVCapital & @k3_labs.

Both assets are used to secure cross chain messaging of USDe, and later multiple layers of the Ethena ecosystem via Symbiotic.
With YT-rsENA / SY-rsENA portion of LP, Pendies will be earning:

🔹30x Sats
🔹2x Mellow Point
🔹1x Symbiotic Point

Since ENA is the only pool with remaining cap space on Symbiotic, this will be the first instance where Symbiotic Points can be earned on PendleImage
Read 6 tweets
Jun 20
Narrator: In the vast expanse of DeFi, an extraordinary instance of a threesome symbiosis emerges - Pendle x @symbioticfi x @mellowprotocol

Here, we witness the first example of a Symbiotic Points Campaign on Pendle, featuring:

1️⃣ steakLRT by @SteakhouseFi
2️⃣ Re7LRT by @Re7Capital
3️⃣ amphrETH by @MEVCapital
4️⃣ rstETH by @P2Pvalidator

Lush pools teeming with points and potential 🧬Image
In the intricate web of DeFi, every connection counts.

Symbiotic, a restaking infrastructure layer.

Mellow, a platform enabling curated deployment of Symbiotic LRTs (e.g. steakLRT, Re7LRT, amphrETH, and rstETH).

And then there's Pendle.
In the heart of this 3-party symbiosis, a tapestry of new possibilities are woven.

With YTs, users thrive on a diverse array of points:

🔹 2x Mellow Points
🔹 Symbiotic Points (if available)
🔹 LRT Points (if available)

Note: YTs in this campaign will only receive points. Underlying yield accrues to PTs.
Read 6 tweets
Jan 25
Introducing Pendle LRT's newest addition - rsETH by @KelpDAO 🚄

With this, you'll finally be able to start racking up Kelp Miles faster than anyone else, while earning great yields and rewards from Pendle at the same time. 🚀
Liquid restaking with rsETH earns you Kelp Miles and @EigenLayer Points on top of the usual yields.

rsETH on Pendle earns Kelp Miles at a bonus 3x rate for the 1st month.

For YT-rsETH, this potentially means some serious boost for your Miles, more than what we've seen in eETH: Image
For LPs, that would mean a chance for you to capitalize on these rapid yield swaps, earning multiple streams of fees and rewards:

✅ EigenLayer Points
✅ Kelp Miles
✅ ETH Staking Yield
✅ Restaking Yield (once live)
☑️ Swap Fees
☑️ PENDLE incentives
☑️ PT-rsETH Fixed APY Image
Read 7 tweets
Oct 10, 2023
Education is the passport to the future, and this is even more true for Pendle and yield-trading.

Starting today, you'll be able to embark on a journey of self-improvement to master the art of yield-trading, conquering yields like never before.

Introducing Pendle Academy 🎓 Image
The Academy is a comprehensive, one-stop-shop for all of Pendle's yield trading secrets.

Whether you're an absolute Beginner who's just starting out, an intermediate journeyman or an expert yield trading guru - there's a path tailored just for you 🛣️ Image
From the foundational basics everyone needs to get started, complete with easy-to-follow, illustrative analogies to facilitate your understanding Image
Read 8 tweets
Jul 21, 2023
The GREATEST trade of all time on Pendle?!

0xfab just smashed the ETH staking yield of all staking yields, and is now on track to earn a whopping 88% APY.

For context, the current staking yield on Lido is only 4.06% APY, making this a 22x outsized return.

How? Pendle YT 🌈 Image
For those of you who missed the previous "best yield trade of all time", you can check out the thread below.

But that's old news now.

And unless you're getting >88% APY from ETH #LST, the king is dead, long live the king 👑
Here's what happened this time 👑:

1. Spent 0.88 wstETH
2. Bought 68.5 YT-wstETH (Dec 2023 maturity) - 78x yield exposure to wstETH

That means that from now until maturity (or whenever YT is sold), 0xfab will be receiving ALL of the yield generated by 68.5 wstETH. Image
Read 12 tweets
Jul 18, 2023
Introducing Pendle Earn
Let’s face it, DeFi fixed-rates and yields haven’t been the easiest to understand.

With Pendle Earn, we set out to change this, making simple yet powerful deposits accessible to everyone. Similar functionality to centralized products, yet fully on-chain.
You no longer need to be an expert to earn like a pro

Pendle Earn is all about making yields easy and convenient.

A streamlined experience that helps you earn and grow the Pendle way, without getting lost in mumbo-jumbo technicalities. Image
Read 6 tweets

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