I made 65% in 12 days, playing the latest DeFi black magic (400M% APY IF compounded)

It's called Funding Rate Trading on Boros @boros_fi

The future of France is here

Let me show you how to play

@pendle_fi #Boros The facts:
- Deposited 0.5 ETH on 20th Aug
- Balance today: 0.825 ETH (+65% in 12 days)

Track my wallet here: 0xB2684Cd15b0CF17050531C51d581A9dDc365f1ef

Crazy? Yes.
Real? Also yes.

What’s the catch? It's a high-risk, high-reward game, and the market is still inefficient now

A whale just made a 40ETH bet on @pendle_fi that stETH yield will be more than 4.78% on average by Dec 2024.

The current stETH yield is 3.94%.

Does Mr Whale know something that we don't?

Should we trade against or alongside Mr Whale?

A thread. First, lets look at historical data of the pool:

Realtime stETH yield has been going up and down, up to a peak of 7.4% with the memecoin season in May, and has been slowly going down to around 4% now.

Pendle traders have mostly been pricing the average stETH yield to be 3.7-4%

How

To get at least 13% APY, and up to XXXX% APY, on ETH

in pure ETH

using @pendle_fi

A simple guide.

(with some assumptions) How to do it?

First, just buy some YT-wstETH (Jun 2025) on Arbitrum in Pendle:

From here, there are two plans you can follow.

Plan A - baseline scenario: just hold the YT until Jun 2025. You will be getting ~13.1% APY https://t.co/vDvFuMGo7Tapp.pendle.finance/pro/markets/0x…

Open letter to all money markets in DeFi:

Fellas, it’s time to cook up some real crazy DeFi magic and create the future of France together with @pendle_fi

Magic that could blast away existing inefficiencies and leap DeFi forward in our struggle against TradFi First things first, let me share a story

About how DeFi is going to grow up and become as advanced as the financial system we have now.

It was 2008. Amidst the chaos of the banking system collapsing left and right, an academic paper was silently published. The Bitcoin paper.

The game of providing liquidity into an AMM pool has just completely changed. The new age is here, with a new potent weapon

Remember getting screwed by IL or subpar swap fee APY? That's stone age stuff

There's a new meta, powered by @pendle_fi

Have a read, or get left behind First, let’s revisit the old meta. Let's talk about 2 DeFi personas:

Adams: The swap fees maximalist.
Adams frequently visits Defillama or Uniswap (forks) analytics, sort pools by APY returns, and provide liquidity for top pools that he thinks will sustain a good return

Remember the free money strategy using @pendle_fi and @Flashstake?

It just got way juicier, after Flashstake allowed for a maximum duration of 1 year (instead of 6 months).

Best pools for this strategy right now: GLP (Arbitrum), and stETH (on Ethereum)

https://twitter.com/gabavineb/status/1641062468305948672

For GLP:
You can lock 1000 GLP for 1 year (on Flashstake) to get 295 USDC upfront, and buy 1708 YT-GLP (1 year maturity)

Basically, you will get yields on 1708 GLP instead of 1000 GLP, for the 1 year.

GLP holders, do you like the smell of free money?

Free money opportunities do pop up in cryptoland, but not all are as beautiful as this one.

One that highlights DeFi magic and composability, giving a glimpse into the future of france

One enabled by @pendle_fi and @Flashstake Free money - How?

Step 1: Go to @Flashstake 's app, lock in 10000 GLP for 180 days and receive 2000USDC immediately

I can't keep this secret anymore: @pendle_fi is the best place to provide liquidity in DeFi.

Please tell your favourite DeFi experts/friends and their moms to come out and debate with me, because I would like to find out if there's anything better.

Let me present my case first I will go through the following in my thread:

1. Brief explanation of Principal Tokens (PT)
2. Composition of a Pendle pool
3. Single asset exposure
4. Four sources of yields
5. Why it is the best in DeFi
6. Extra: boosting with vePENDLE

5k GLP Yield Trading Challenge using @pendle_fi, part 2:

You thought 152789% was ridiculous? My return is 516986% now.

From 5000 GLP, I have grown my position to 5891 GLP after 7 days.

All I did since the last update was one move. Read on for more details. I know the numbers are crazy, so you could verify it by:
- Impersonate my address 0x8cBE5985F3930C3012d01AC1887EAebde2Fa2824 on impersonator.xyz, connect to the Pendle app and see the Dashboard
- Check on arbiscan how I started from 5000 GLP and only used Pendle contracts

You are getting 20.5% or 39% APY on GLP? That's cute

I have been getting 152789% APY on GLP by yield trading on @pendle_fi

From 5000 GLP, my position is now 5528 GLP after 5 days.

This is a public yield trading challenge. Follow me for updates.

Read on for more details. Is this too ridiculous and no way sustainable? Yes

But was this real? Yes, you can trace my wallet address

Did I get lucky? Somewhat yes, I captured some good opportunities

But the point is, you can get better/outsized APY from yield trading

The next-step in DeFi composability is here.

Introducing SCY (Super Composable Yield), the gateway to DeFi’s yield layer.

(Some potential ideas at the end)

ethereum-magicians.org/t/eip-5115-sup… Why SCY?. 🤔

As someone who’s spent the last year working with yield, I know how much of a hassle it is to manually integrate each protocol’s yield generating mechanism, even though the underlying mechanics are roughly the same.

1) How to profit from the current uncertainties of MEMO’s future rebase rewards, a thread

#wonderland #FrogNation #pendle #memo
@pendle_fi 2) With the recent tweets from @danielesesta, there are a lot of uncertainties in the MEMO’s rebase rewards in the coming weeks. Will the rebase rewards end? Will it be significantly reduced? When will these happen?

https://twitter.com/danielesesta/status/1483182059002957824

How I am getting a guaranteed* fixed yield of 112000% on my MEMO, a thread

#wonderland #FrogNation #pendle #memo
@pendle_fi

*assuming no contract risks Before that, what do I mean by a guaranteed fixed yield? It means that no matter what happens (to Wonderland’s rebase APY, or to Wonderland's treasury,...), assuming no smart contract risks, I am guaranteed to get that yield rate.

How I'm getting 240000% APY on my MEMO, instead of the usual 80000%, a thread

#wonderland #FrogNation #pendle #memo @pendle_fi 1st step: starting with 0.56 MEMO, I wrapped it to wMEMO on Wonderland:
snowtrace.io/tx/0x15f6bd9da…