A passphrase is an extra password added to a recovery phrase. It creates a hidden wallet.
On supported OneKey Pro and Classic 1S firmware, give that wallet a PIN for direct access.
A PIN is only a shortcut. Lose the passphrase, and the wallet can’t be recovered.
Unlock DeFi’s Highest Yields with Boros October Maturities!
@Gate and @HyperliquidX continue to provide savvy funding rate traders with gaps to turn into high fixed yields.
Some highlights from August:
• Launched the Pendle Ecosystem USDC vault on @MorphoLabs, co-curated with @wintermute_t Armigate, allocating across selected PT markets (6.11% APY total)
• Released Arbitrage with CrossEx on Boros, turning a full funding rate arbitrage strategy into a 2-click trade.
• Launched on X Layer, with PT-USDG now accepted as collateral on @Aave
• Kicked off the PT Looping incentives campaign, offering +2% APY for PT before leverage (10x loop = +20% APY)
• $PENDLE buyback crossed 2.68M tokens, totaling $3.7M
• $PENDLE emissions hit a new all-time low, down 78% since the start of the year
missed that 30% bitcoin:native pump from the bottom?
well not too late to lock in a 30%+ APR delta neutral all the way to maturity & beyond when rolling over to following maturities.
plus since it's delta neutral, keep the gains, even if #BTC slips down again.
+32.4% yield in THIS economy?
How it works:
🔹Use Boros to lock in a 2.6% fixed spread between BTC funding rates on Hyperliquid and Gate
🔹Use Arbitrage (linked below) to open a long/short BTC spread on HL/Gate in 1 click
With 12.6x leverage via unified margin (aka: extremely low liquidation risk), you turn a simple 2.6% funding rate spread into +32.4% APR until the Boros YUs mature on 10 October.
The highest yield in DeFi, fuss-free and made simple.
Try it now to earn ethereum:0x808507121b80c02388fad14726482e061b8da827 incentives while you’re at it too.
30 minutes to set up, then just 2 clicks for fixed yield.
Yes or yes?
The ethereum:0x808507121b80c02388fad14726482e061b8da827 rewards for the best PT Looping Feedback have been sent out.
Big thanks to everyone who took the time to share their thoughts and help make Pendle better 💙
DeFi’s biggest dream came true, but you haven’t realized it yet.
After DeFi Summer ended and the collapse of Terra in 2022, the crypto dream of high fixed yields (~15-20%) died. Since then, it's never been the same.
4 years later, things have definitely improved. New forms of yield backed by RWAs, tangible assets, and not just huge token inflation all show the positive changes in DeFi today. No longer is it a Wild West of unverified contracts and liquidity pulls. Instead, it’s become a place users can come to find competitive yields that outperform and justify the risk of using crypto vs various TradFi options.
But the more things change, the more they stay the same. Bull markets turn into bear markets. Markets bottom on fear, top on euphoria.
This past bear market, something’s different. We figured out the DeFi dream while things went quiet. We now have 15-25% fixed yield on @boros_fi. The dream came true, and it’s lying under everyone’s noses.
The yield is sustained by structural inefficiencies in crypto funding rates. And people continue to sleep on just how much yield is left uncaptured in the growth of crypto perpetuals.
They're the greatest success story of the last cycle, yet no one realized that the funding rates traders pay to each other could be turned into fixed streams of yield with the right instrument. Boros provides that. It’s why we built it.
And with Arbitrage, once you’ve set it up, it takes literally 2 clicks.
2 clicks to achieve yields that outperform TradFi and most crypto staking yield options currently available.
2 clicks to unlock what builders and traders in crypto have been searching for for years. Now available to you right at your fingertips.
Just set one hour aside to set up Arbitrage, and you’ll see what could be the biggest shift in DeFi in years. High fixed yields built on structural inefficiencies. Picking up the delicious pies of yield where no one bothered to look.
Set up the perp spread, fix the rates with Boros, hold till maturity, and enjoy the DeFi dream come true.
P.S. Use Intern’s code “BIGDK” on Boros for cheaper fees
We've opened up another 50 spots to earn ethereum:0x808507121b80c02388fad14726482e061b8da827 with Arbitrage!
Want to lock in 17-24% APR with size?
Get started with Arbitrage now!
Four PT loops on @pendle_fi paying 45%+ right now.
PT USD3, Morpho/USDC, 6.0x, 52.51%
PT trUSD, Morpho/USDC, 12.0x, 48.95%
PT strUSD, Morpho/USDC, 6.0x, 46.78%
PT AUSD, Aave/USDC, 11.8x, 45.4%
Four assets.
Four completely different risk profiles.
Almost the same number.
THE FORMULA
net APY = (fixed APY x L) - (borrow APY x (L-1))
Run it backwards and you get the borrow rate the page is assuming.
reUSD via Morpho/USDT: 11% fixed, 8.9x, shows 39.79% → borrow ~7.36%
reUSD via Morpho/USDC: 11% fixed, 8.9x, shows 36.02% → borrow ~7.83%
Same asset. Same expiry. Same 8.9x.
Borrowing USDT instead of USDC is worth 3.77 points.
THE ORACLE
Always check the oracles to understand the risks and how you can get liquidated, pendle has easily digestible details on each market.
THE RISK
Your supply is fixed. Your borrow is not.
At 12.0x, every 1% the borrow rate rises costs you 11 points of net APY.
The yield is locked. The cost is not.
Rates on screen 31 Aug 2026.
https://t.co/E2msYcAscC
Somewhat under the radar - you can lock in 27.67% Fixed APY for $STRC now with @xStocksFi PT-STRCx
27.67% Fixed APY, versus 12% dividend rate
If you're already holding $STRC, might as well just dump it for PT-STRCx instead for DOUBLE the yield 🤷♂️