@phtevenstrong Actly that also applies to underlying APR.
Every 1% diff betw avg underlying APR vs your implied APR at maturity can also be quantified in Rate Sens terms.
Happy New Year!
In the last 5 months that @boros_fi has been running, we have observed:
- $7B in cumulative trading volumes
- peak OI at $250M (prior to Xmas maturity)
- large counterparties swapping 8-figures in OI to capture FR spreads up to 7% across exchanges ie BN/OKX/HL
Pendle 2025: Zenith
In this post, I've outlined the highlights for Pendle V2 in 2024, our future roadmap for the 3 pillars of Pendle - V2, Citadels and Boros, as well as The End Game.
Job's not done - but it'll be.
Pendle 2025: Zenith
In this post, I've outlined the highlights for Pendle V2 in 2024, our future roadmap for the 3 pillars of Pendle - V2, Citadels and Boros, as well as The End Game.
Job's not done - but it'll be.