With Pendle as its accelerator, $USDe grew from $1B to $4B.
Projects will learn from this case study - and list their stables on Pendle.
New products = more opportunity to get in early = get rich faster.
Our mission is to profit in yields and GET FREE AIRDROPS.
2/ How to abuse YT?
Pendle currently has >60 stables, each with different designs and POINTS system.
Some say POINTS are like gambling - hoping that the airdrop will be good.
But to us, it don't matter.
We're here to SHOOT and SCOOT.
2b/
PAY ATTENTION.
You should always use LIMIT ORDER whenever you can.
In @pendle_fi, maker order fee is 0 (only taker pays the fee).
This allows us to:
1. Strategically set our entry price;
2. Save on hefty taker fee;
3. Higher chance to make profit.
2c/ READ THE BOOK.
E.g. @FalconStable $sUSDf order book:
- Buy YT has THIN order book until IY hits 9.15% = whale could easily smash IY down to 9.15%
- UY at 10% = anything under means YT makes free money (from yield and Falcon's airdrop)
- Good liquidity = healthy market.
2d/
Learn to read the charts (and news):
- @FalconStable announced their points system on April 30 = huge surge of YT = IY skyrockets
- Whales quickly discovered and bought PT with size (PT-sUSDe was only 9% in comparison)
- UY steadying at 10%.
2e/ THE PLAN
The trend tells us the IY will keep getting hammered to the ~10% range
You should then set limit order (BUY YT) from 10.83% - 9.89%.
REMEMBER, if UY stays at 10%, any YT below it = free points and yield.
Then if IY rebounds to >11%, SELL IT.
2f/ RECAP:
- Check if the market is healthy (i.e. good liquidity);
- Read the order books to identify opportunities to set limit orders;
- Identify and predict trends by understanding the chart;
- Set up your plan and BE PATIENT;
- and remember - EXIT when PROFIT.
3/ HOW TO IDENTIFY ALPHA/TREND?
You're here outrun the n00bs, not a points-maxi.
As such, its important to predict WHEN is a good timing to buy YT (and even APE in w/ market order).
Three sources of alpha:
- News;
- KOLs e.g. @ViNc2453 ;
- and mofo @PendleIntern.
3b/ NEWS NEWS NEWS
When $sUSDF listed their product on @pendle_fi, they haven't announced their points program.
Even when they announced it on April 30 - there was still AMPLE of time to ape in their YTs.
You'll have conviction once you understand the game.
3c/ KOLs
Check your favorite KOLs and see who's CREATING the trend.
@ViNc2453 made a post on @sparkdotfi $USDS
Soon enough there was massive volume, pumping the IY from 9.5% to 10.3%.