"Crypto is a zero sum game. Whenever one player wins, another loses"
Not for Spark USDS on Pendle.
In this market, everyone is winning 🎉
PT, YT, LP... everyone.
How? 👇
Just got access to @noise_xyz, a Kaito powered dApp to trade mindshare on leverage
My first position: Short Loudio mindshare
Rationale: Liquidation is at 90+% mindshare and it is inevitable that loudio will eventually wind down
Let's see how this goes
Also, I must say the UI/UX is incredibly clean and I hope this gets brought to mainnet soon
Did you know that you can tokenize and sell your @ethena Points on @RumpelLabs? If you're following me, you already know this. 😀
👇Here's something you didn't know 👇
🌟Ethena Points are valued higher on Rumpel > than on @pendle_fi 🌟
- Let's dive in.
- Sorry @PendleIntern. But I must compare.
🧵👇
If you're a filthy reward seller, Beefy is an elite platform to stacking $USD, Shekels, or whatever your friendly neighbourhood currency denomination is.
I for one use it because i am too lazy to claim rewards 👍
With PT-scUSD by @pendle_fi, you can earn a fixed return of $2,000 on $100k in just 82 days.
That's a VERY clean 2% RoI.
But what if you want $2,000 but you don't have $100k to spare?
Here's how to do it with just $10k thanks to some Silo x Pendle magic.
👇
Rumpel Versus PT Leveraging
Rumpel: Tokenize & sell points
Benefits: No expiry, more yield streams, no short term liquidation risk from turbulent IY
PT Leveraging: Yield from the underlying, forgo points
Benefits: Fixed Yield
Well, which @ethena strategy delivers greater ROI?
🧵👇
3 reasons why I'm doing this again:
1) To farm up the @cookiedotfun x @sparkdotfi SNAPS campaign
2) Refreshing the numbers since TVL has doubled since previous post
3) Despite this, YTs are still massively undervalued
Mind you, @pendle_fi is still the ONLY place to earn Spark Points (SP) now. Assuming points grow at a rate where TVL on Pendle us $100M (it's $35M now), we're still looking at some pretty juicy returns 😋
1.2% airdrop assumption, which could be lower or higher but look at the numbers again, there's room for error hehe 🫡
NOW THAT SAID, THIS IS NOT TO BE TAKEN AS FINANCIAL ADVICE.
NFA NFA NFA NFA NFA NFA NFA NFA NFA NFA
Alright fess up which of you onchain no-lifers been sniping this pool?
Cap increased from $350M to $450M and it’s already almost demolished completely within hours 😤
'Bribing' simply means providing rewards to vePENDLE holders in exchange for votes.
vePENDLE gives votes.
Your pool gets more $PENDLE rewards.
You drive more liquidity to your protocol.
You often get more rewards by bribing than incentivizing your own LPs directly 🧠🧠🧠
Distribution is all about incentive alignment which disadvantages protocols without established tokenomics.
Thanks to @Equilibriafi and @Penpiexyz_io, integrating with Pendle means you inherit access to $PENDLE rewards.
You handle product.
We'll handle distribution.
This brings into question the 'why' - why are YTs more attractive closer to maturity?
I touch on this in my previous thread which shows the power of price decay on YT leverage.
Early YT vs. late YT is all a game of patience 😋
https://t.co/JoZw1DpoQ0
A trend your boy's noticed is SIGNIFICANT spikes to implied APY as YTs approach maturity.
What this means is you can often:
> Buy YTs early at low implied APY
> Set limit order at high implied APY
> Farm points + yield in the interim
Points and yield for free?
Why not 🤷♂️
You can now yield a 99.69% APR on Stables!!! 🚀🚀🚀
This is Rumpel's HIGHEST YIELDING STRATEGY! 👇
✨USDe-USDT / USDT looping ✨
@RumpelLabs 🤝 @0xfluid 🤝 @ethena
🧵👇
In the Stablecoin Alpha chat, @Nomaticcap raised a great point on YTs:
"It's like getting pre-sale on the hottest projects"
Hows THIS for hot:
📌 $185m TVL in 45 days
📌 @yzilabs-backed
📌 First @moodysratings-rated tokenized RWA
Ticket? YT-cUSDO
Destination? Up to 1k% RoI