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Jonah Profile picture
Jonah
@_Jonahw
Onchain investor, DeFi and autonomous infra. Enjoys world history and global markets. In it for the freedom.
May 10 • 10 tweets • 3 min read
Excited to publish our full investment thesis on @pendle_fi

Link to full memo:

Here’s the top 4 reasons why Pendle is becoming one of DeFi’s most valuable protocols 👇docsend.com/view/f88bp9bmd… 1⃣ Tokenized yield is a massive market and

LSDs / LRTs play an key role in DeFi by creating a flywheel 🌀

> LSDs & LRTs used as DeFi collateral
> Drives positive yield into DeFi
> Drives more DeFi activity
> Creates more yield