When I search for Pendle PTs, I often look for yields that can lock in for longer durations, 60-120 days.
But given the demand to buy YTs in the final days and weeks for pools related to pre-TGE protocols, there are some higher PT fixed yields I could see rotating in and out of to maximize stablecoin yield.
Remember, if someone buys up YTs, then the price of the YT goes up, and so does the pool PT yield. More YT buying leads to higher YT price, leads to lower PT price, leads to higher fixed yield locked in.
Just an observation about maybe prioritizing your time in shorter duration PTs vs gunning for long term yields.
Example below is a little extreme with just 2 days left, but imagine if those higher yields were available with 7-14 days left for PT-sUSDe.
Another idea if you're seeking longer duration, competitive PT yields for stablecoins, but want to skip having to discover the best yields and skip the rollovers/expirations, you can lock for up to 13 weeks and earn @infiniFi_'s max yield (currently 16%).
🎙️ New @Edge_Pod on 10 predictions for crypto in 2024 by @BitwiseInvest!
Predictions include...
1⃣ New highs for BTC
2⃣ Spot BTC ETF approved
3⃣ @coinbase doubles revenue
4⃣ Stablecoins beat Visa
5⃣ JPM tokenizes a fund on-chain
6⃣ Ethereum 2x's revenue to $5B
7⃣ Taylor Swift launches NFT
8⃣ AI assistants pay in crypto
9⃣ $100M staked in PMs
🔟 Ethereum upgrades result in L2 fees below $0.01
📺 Watch the full episode featuring @BitwiseInvest Senior Crypto Analyst @RasterlyRock!
@BitwiseInvest @RasterlyRock Subscribe so you don’t miss future episodes of The @edge_pod!
👋 Before I share more, be aware that restaking is not actually restaking--yet. These are pools of staked ETH are sitting in EigenLayer until product(s) go live later in 2024.
🚨 I would consider EL deposits high risk compared to simply holding an LST (ie centralization, bugs).
1/ Ranked #10 among top ETH LSTs, @ether_fi is my shortcut to playing the EigenLayer airdrop with gas savings.
eETH is an all-in-one liquid staking / restaking token.
Just deposit ETH for eETH and you're done!
No need to restake an LST on EL and pay $50 of gas.
eETH earns EL points and EtherFi Loyalty Points.
Plus, one can LP with eETH on Curve, Balancer, Maverick and borrow against it on Gravita.
1/ @Barn_Bridge v2 advances DeFi fixed income.
🧠 Fixed rates are simple + sustainable
⚖️ Fixed positions are borrowable on Aave and soon on @fiatdao so users can get secondary liquidity and leverage positions
🌽 Yield is earned during the prior epoch, guaranteeing the fixed rate
2/ There are two sides to each pool in BB v2.
🧑🌾 Fixed yield position farmers
🌉 LP position* to power the fixed yield
*Additionally @Barn_Bridge DAO will provide liquidity to create higher APYs but the DAO doesn’t earn any yield from its deposits.
📈 Despite the growth and adoption of DeFi money markets, there's still massive room for improvement with capital efficiency.
🦋 @MorphoLabs is a newer p2p matching layer on @AaveAave + @compoundfinance that solves for the large spread paid by borrowers vs earned by lenders.
With @MorphoLabs...
☑️ Lenders earn more
☑️ Borrowers pay less
☑️ Liquidity and liquidation guarantees remain the same
It's a win-win! But the issue atm is a lack of liquidity, likely due to awareness of the solution.
So check out the rates below! It's a no-brainer for me.
😎 For new lenders on @MorphoLabs Aave or Compound markets, they'll initially earn the base supply rate on the respective money market until their liquidity is matched, and then begin to earn higher, sustainable interest.
In an uncertain world seemingly propped up by money printing, I can't imagine ignoring the new Web3 economy, most notably Ethereum-based DeFi.
It's a haven of experimentation yielding net wealth creation, affected but not dependent on forces driving traditional markets.
👀
1/ You don't need to be an economist or mathematician in 2022 to see DeFi's stickiness with users and continued growth.
Like email for money, DeFi promises to be faster, more accessible, and optimistically speaking, more resilient thanks to trustlessness and transparency.
2/ DeFi is:
☑️ Faster in terms of settlement thx to a blockchain
☑️ More accessible but hinges on Internet access for all
☑️ More resilient with instant auditability and coming real-time detection for security & operational monitoring thx to teams like @FortaNetwork