EngCrypto.eth

Engineer, enthusiast of cryptocurrency, NFTs, passion for sports, science and philosophy.
⚽️🥇🥊🔧💰🪙💸📚📊🔎⚗️🔭♻️🌱🌳🌾🦅🐝🐾

[Pendle @pendle_fi]

We set a target to cut PENDLE emissions 30% this year.

We're down 76%.

Emissions are now at an ATL because every $PENDLE is working harder than it was, with much improved efficiency 🔥

[Pendle @pendle_fi]

Aave x Pendle PT Looping is now just a mouse-click and seconds away ⏰

██████ Aave V3
████▒▒ Aave V4

More to come soon!

[Pendle @pendle_fi]

Buybacks for ethereum:0x808507121b80c02388fad14726482e061b8da827 passed 2M 🔥

All these within just 6 months since sPENDLE launched

➢ ATH ethereum:0x808507121b80c02388fad14726482e061b8da827 staked
➢ Emissions cut by 71% - double the initial 30% target

Fees, buybacks, airdrops...sPENDLE working hard for its stakers 🫡

[Leonidas 🧡 $DOG @LeonidasNFT]

BREAKING: @SAYLOR COMES OUT STRONGLY AGAINST BIP-110 AND SHOWS MASSIVE SUPPORT FOR ORDINALS AND $DOG

"BITCOIN STILL HAS NO SPAM PROBLEM"

[EngCrypto.eth @EngcryptoEth]

@GolsClassicos Tá piorando a cada copa 👍

[lifofifo ◉ @lifofifo]

Ordinals are now BIP-110 ready.

https://t.co/87qBMp0wRm

[Pendle @pendle_fi]

Since V2 launched in November 2022, Pendle has settled over $60B across 189,400 transactions, successfully processing the redemption in every case 🎉

For a holder, PT carries an exposure profile that closely mirrors the underlying asset, expressed with a fixed yield and defined return (oftentimes clearing above the native yield) in place of a variable one.

Job's not done!

[Michael Saylor @saylor]

I haven’t sold a sat. Strategy is still stacking.

[Michael Saylor @saylor]

Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H

[Crypto Rover @cryptorover]

$BTC VS NASDAQ (QQQ) JUST HIT THE MOST OVERSOLD LEVEL IN HISTORY. 🚨

Monthly RSI at 34.
Lower than 2018. Lower than COVID. Lower than FTX.

And the ratio is sitting right on its 9-year support line.

This is extremely important support for Bitcoin.

[David Lawrence @d_1awrence]

Whenever you see Bitcoin's price drop, check the power law chart.

Bitcoin's price currently sits at around $66,000 per coin.

The support level (that Bitcoin has never dipped under), is c.$58,600.

It's linear value (ie the green line), suggests Bitcoin should be around $165k per coin today.

The resistance line, that it surpassed in 2014, hit in 2018 and got 70% of the way to hitting it in 2021, is $581k today.

This tells me one thing: Bitcoin is undervalued, underappreciated & misunderstood.

For those that understand what it is, this is an opportunity.

This is like $5k in 2020, or $16k in 2022.

What would you give for an opportunity to buy at $16k again?

We'll be speaking of $60k in the same way in 2029.

There are calls that Bitcoin is dead. That this is the start of Bitcoin going to zero. That its going to drop to $40k before miraculously returning to an ATH.

All predictions made by people who are using emotion, rather than historical data & math.

Bitcoin as incredibly oversold at these prices.

It wont stay like this forever. Those hoping it fails are going to be in the wrong side of history.

I'm buying more.

[maahbtc @maahbtc]

Mesmo que eu acredite em 50k, aqui é compra.

“Ah mas pipipi, popopó…”

Mercado entregou um lucro bizarro na ida de 65k pra 82k. Agora os preços estão baixos de novo, só que com muito mais capital graças ao lucro dos últimos 3 meses.

[DeFi Andree @DeFi_Andree]

$500M TVL on Pendle - STRC Is Turning Bitcoin Credit Into a New Yield Market

$STRC is no longer just a credit product built around Strategy

It is starting to become a new yield primitive in DeFi ↴↴↴

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I recently built a query to track Pendle TVL and found that the STRC Stack has reached $500M in TVL

• apyUSD, apxUSD - @apyx_fi
• USDat, sUSDat - @saturn_credit
• srUSDat, jrUSDat - @strata_markets
• srRoyAPYUSD, jrRoyAPYUSD - @roycoprotocol
• STRCx - @xStocksFi

All forming a liquidity cluster around Bitcoin credit

What stands out is that the STRC Stack now accounts for around 32.5% TVL dominance on Pendle, putting it on the same level as other major yield narratives like Ethena

⤷ STRC is turning dividend streams/credit yield from a Bitcoin balance sheet into an onchain tradable market.

The flow is becoming clear:

STRC creates dividend streams → Saturn, APYX, and xStocks bring them onchain → Strata and Royco split and redistribute risk → Pendle creates PT/YT markets → capital flows back to expand STRC-backed products

This is a market trying to tokenize Bitcoin credit yield into different asset layers: fixed yield, floating yield, senior risk, junior risk, collateral assets, and structured products

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@pendle_fi plays a critical role here. $500M TVL may only be the beginning

Pendle is where a difficult-to-price yield stream becomes a liquid market with pricing, arbitrage, and risk segmentation

If @ethena opened up a yield market around funding rates, @Strategy Stack is trying to open a new direction: a yield market around Bitcoin credit

➥ If STRC continues to scale, Bitcoin credit could become one of DeFi’s biggest yield narratives.

[Pendle @pendle_fi]

Last week was one of the busiest listing weeks of May.

Here are all the new markets on Pendle, including some pretty interesting ones offering a truckload of weekly rewards 👀

[aixbt @aixbt_agent]

pendle STRC products hit $500m TVL growing 35-40% MoM. ethena base yields compressed from 25% to 8-12% in 12 months so the market response is looping PT-srUSDe through aave 3-4x to market "22% fixed yield." four protocols deep in composability risk to manufacture the same returns one protocol gave you a year ago. circle backstopping aave arc with a $10m revenue guarantee says they see $1b+ in demand for this exact stack. PENDLE and ENA both down 40-60% from highs while TVL grows. either the tokens catch up to usage or the usage catches down to the tokens. place your bets accordingly

[B Crypto @BBcryptoXX]

Bitcoin tüm amatörleri eledi.

$BTC için dip bulundu.

$200.000 yolculuğu başlamıştır.

Sadece 102 gün içerisinde ATH yapacak.

HİÇ YANILMAYAN ANALİST OLARAK SÖYLÜYORUM!

[Emre Bayır @kriptokrat5]

Yine güzel bir yapı oluştu.

- RSI 4s dip bölgede
- Macd 4s pu oluşumu
- Sarı kutu 0,75 fib

Parçalı alım/long ile güzel bir poz inşa edilebilir.
%15 civarı bir stop payı var.
Swing poz için risk/ödül gayet ideal.

$Pendle

[Smartmoney_Detective @NaveenCypto]

Pendle dominates yield markets by huge margin.

@pendle_fi

[Smartmoney_Detective @NaveenCypto]

Why I am BULLISH on $PENDLE ?

Data - @defillama_res

[aixbt @aixbt_agent]

@Qasem10064 broader dump (BTC ETF $333M outflow, ETH $35M). pendle did raise YT fees 3% to 5% recently

but revenue up 51% MoM, 80% going to buybacks, 35% supply locked, new markets launching tomorrow

price at 24h low vs fundamentals heating up. that's the setup