why pendle bout to explode: the deep dive everyone is missing
been digging into $PENDLE for days now. the more i look, the more bullish i get.
this ain't just another defi token. it's a money printer with zero vc dumps and some new thing that could take billions from binance and coinbase.
here's what nobody is talking about.
no more vc dumps. ever.
first thing got my attention → zero vc unlocks left.
all the investor stuff finished back in 2021. means no surprise dumps ruining your bags.
check defillama unlock page if you don't believe me. it's clean as hell.
most tokens get wrecked by constant vc selling. $PENDLE don't get this problem anymore.
supply getting scarcer every day
numbers right now:
• circulating: 167.42m $PENDLE
• total cap: 281.5m
• locked up: 58.65m tokens
that's 35% just sitting locked up long-term.
when people lock $PENDLE into vePENDLE, they betting on future. takes coins off market and makes rest more scarce.
vependle people getting rich
lock your $PENDLE and get:
→ vote on where rewards go
→ higher yields on positions
→ piece of protocol fees
the fees part is nuts. vePENDLE holders get $2m monthly from protocol money. that's real $ETH and other stuff, not worthless governance tokens.
my buddy locked 10k $PENDLE six months back. made $1,800 just from fee payments. that's 18% return on top of price going up.
➜ check yourself: app.pendle.finance/vependle/overv…
money coming in is legit
pendle making real cash:
- tvl: $8.713b (latest numbers)
- yearly fees: $56.85m
- yearly revenue: $55.77m
- staked tokens: $314.56m (35.42% of mcap)
comes from people actually using it for yield trading. real users paying real fees for real stuff.
most defi is ponzi schemes. pendle got actual business that pays holders.
boros bout to change everything
here's where it gets crazy. @pendle_fi just dropped boros → on-chain funding rate trading.
sounds boring but it's massive. boros lets traders long or short funding rates with leverage without holding the actual coins.
only platform doing this on-chain. zero competition right now.
boros scaling quick
just this week they bumped $ETH market from $15m to $20m. vault caps went $60k to $80k.
scaling slow so degens don't break it. team saying $25m+ caps coming soon.
revenue gonna be insane
boros fees work like:
• swap fees: 0.05% on position size
• interest fees: 0.2% when you close
• gas fees: ~$1 per 50 trades
that 0.2% thing is where money comes from.
current $20m cap makes ~$80k yearly. sounds small but listen.
$BTC futures across all exchanges: $80 billion
if boros gets just 1% of bitcoin futures, that's $800m making $3.2m yearly.
sounds impossible? uniswap stole billions from coinbase. same thing bout to happen with derivatives.
quick math on boros money:
$20m now → $80k yearly
$200m soon → $800k yearly
$800m (1% $BTC) → $3.2m yearly
$8b (1% all crypto futures) → $32m yearly
multiple markets launching. $ETH, $BTC, more coming. millions flowing to $PENDLE holders.
why this matters right now
binance and coinbase own derivatives trading. but defi eating their business bit by bit.
uniswap took spot. compound took lending. pendle taking yield. now @boros_fi coming for derivatives.
only on-chain funding rate platform. first one wins in crypto.
bigger picture stuff
pendle got:
• $8.71b locked across chains
• zero vc selling
• 35% supply locked up
• $55m+ yearly money before boros
• only platform doing funding rates on-chain
you ain't buying token. you buying piece of defi infrastructure.
my honest take
been in crypto since 2021. seen plenty "revenue sharing" tokens go to zero.
$PENDLE is different tho. real money, real use, real advantage with boros.
if defi derivatives blow up like spot trading did, $PENDLE holders gonna eat good.
price around $5 now. revenue growing. new stuff launching. supply getting tighter.
math pretty obvious to me.
what you think?
$PENDLE really about to take cefi derivatives business? or am i missing something big?
drop thoughts and follow for more defi deep dives.
been digging into $PENDLE for days now. the more i look, the more bullish i get.
this ain't just another defi token. it's a money printer with zero vc dumps and some new thing that could take billions from binance and coinbase.
here's what nobody is talking about.
no more vc dumps. ever.
first thing got my attention → zero vc unlocks left.
all the investor stuff finished back in 2021. means no surprise dumps ruining your bags.
check defillama unlock page if you don't believe me. it's clean as hell.
most tokens get wrecked by constant vc selling. $PENDLE don't get this problem anymore.
supply getting scarcer every day
numbers right now:
• circulating: 167.42m $PENDLE
• total cap: 281.5m
• locked up: 58.65m tokens
that's 35% just sitting locked up long-term.
when people lock $PENDLE into vePENDLE, they betting on future. takes coins off market and makes rest more scarce.
vependle people getting rich
lock your $PENDLE and get:
→ vote on where rewards go
→ higher yields on positions
→ piece of protocol fees
the fees part is nuts. vePENDLE holders get $2m monthly from protocol money. that's real $ETH and other stuff, not worthless governance tokens.
my buddy locked 10k $PENDLE six months back. made $1,800 just from fee payments. that's 18% return on top of price going up.
➜ check yourself: app.pendle.finance/vependle/overv…
money coming in is legit
pendle making real cash:
- tvl: $8.713b (latest numbers)
- yearly fees: $56.85m
- yearly revenue: $55.77m
- staked tokens: $314.56m (35.42% of mcap)
comes from people actually using it for yield trading. real users paying real fees for real stuff.
most defi is ponzi schemes. pendle got actual business that pays holders.
boros bout to change everything
here's where it gets crazy. @pendle_fi just dropped boros → on-chain funding rate trading.
sounds boring but it's massive. boros lets traders long or short funding rates with leverage without holding the actual coins.
only platform doing this on-chain. zero competition right now.
boros scaling quick
just this week they bumped $ETH market from $15m to $20m. vault caps went $60k to $80k.
scaling slow so degens don't break it. team saying $25m+ caps coming soon.
revenue gonna be insane
boros fees work like:
• swap fees: 0.05% on position size
• interest fees: 0.2% when you close
• gas fees: ~$1 per 50 trades
that 0.2% thing is where money comes from.
current $20m cap makes ~$80k yearly. sounds small but listen.
$BTC futures across all exchanges: $80 billion
if boros gets just 1% of bitcoin futures, that's $800m making $3.2m yearly.
sounds impossible? uniswap stole billions from coinbase. same thing bout to happen with derivatives.
quick math on boros money:
$20m now → $80k yearly
$200m soon → $800k yearly
$800m (1% $BTC) → $3.2m yearly
$8b (1% all crypto futures) → $32m yearly
multiple markets launching. $ETH, $BTC, more coming. millions flowing to $PENDLE holders.
why this matters right now
binance and coinbase own derivatives trading. but defi eating their business bit by bit.
uniswap took spot. compound took lending. pendle taking yield. now @boros_fi coming for derivatives.
only on-chain funding rate platform. first one wins in crypto.
bigger picture stuff
pendle got:
• $8.71b locked across chains
• zero vc selling
• 35% supply locked up
• $55m+ yearly money before boros
• only platform doing funding rates on-chain
you ain't buying token. you buying piece of defi infrastructure.
my honest take
been in crypto since 2021. seen plenty "revenue sharing" tokens go to zero.
$PENDLE is different tho. real money, real use, real advantage with boros.
if defi derivatives blow up like spot trading did, $PENDLE holders gonna eat good.
price around $5 now. revenue growing. new stuff launching. supply getting tighter.
math pretty obvious to me.
what you think?
$PENDLE really about to take cefi derivatives business? or am i missing something big?
drop thoughts and follow for more defi deep dives.
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