III. Most of you would recommend using @ether_fi, and it makes sense for me.
Although there's a 1% FX fee, the 2-3% cashback more than compensates for it. Additionally, if you're using the @ether_fi card, you can get up to 65% off luxury hotels.
- Maximum supply: 281,527,448
- Circulating supply: 165,790,532 (58.89%)
- 8.33% of the supply remains locked (dedicated to liquidity incentives)
- Emission with a 1.1% decrease each week until April 2026. At that point, it will switch to a terminal inflation rate of 2% per annum for incentives.
III. "What about vePENDLE?"
Holding vePENDLE entitles you to:
- Vote to channel $PENDLE incentives into a pool
- Vote to receive voter's APY (80% of the swap fees of the voted pool)
- Receive base APY
- Boost LP rewards (up to 250%)
🧵: How it revolutionizes yields from Aave, Morpho, Yearn, and Balancer.
II. First, 2 minutes of history.
Remember what @Uniswap did for DeFi?
It enabled anyone to create a pool without permission, sparking a Cambrian explosion of projects releasing their ERC-20 tokens for everyone to trade.
To date, token trading remains DeFi's primary activity.
III. And just like @Uniswap revolutionized ERC-20 tokens trading, @spectra_finance aims to do the same for interest-bearing tokens from protocols like @aave, @MorphoLabs, @yearnfi, and @Balancer.
"What are they? IBTs?"
For example, depositing $USDC in a lending protocol such as @aave returns $aUSDC, a token representing the initial deposit and the entitlement to future yield.
II. "... @berachain has 'bear' in the name—it's down 65% since its ATH. @redstone_defi has 'red' in the name—will this become a coincidence?"
In fact, it's been a while since a top oracle had a TGE and understandably so—it takes time for a newcomer to break into an established industry and start stealing market share from the big players.
III. "Hmm... Is @redstone_defi just an oracle?"
First of all, @redstone_defi is a modular oracle that provides the necessary data feeds for dApps—it was live on @berachain, @StoryProtocol, @unichain and others from Day 1.