Pendle Intern

Chief Meme Officer (CMO) @pendle_fi || Burger Engineer @McDonalds

[Pendle Intern @PendleIntern]

Bite me, Intern made a few mistakes for @SierraIsMoney YTs last time 🙇🏻‍♀️

Turns out I was being TOO conservative:
• Didn't factor in yield ⬅️ +40% ROI here
• YT TVL was ~50% higher than what it should have been ⬅️ Less airdrop dilution!

In other words, YTs are actually better than expected.

With these new projections, all they need to do for YOU to win is to TGE.

Even at $30M FDV, it'll be an absolute cook for YTs 💦

And $10M FDV is roughly the breakeven point.

With @opentrade_io, who oversees Sierra's reserve strategy, raising $17M recently, plus the amazingly transparent and super generous (for Pendle) airdrop scheme by Sierra (see post below)...

Yes, I like YT-SIERRA. I like it alot.

[Pendle Intern @PendleIntern]

You missed out on generational wealth with USDai YTs and $CHIP, don't miss this @SierraIsMoney one

Not many realize how GENEROUS (especially for Pendle) and TRANSPARENT Sierra has been with their airdrop:
🔹Maximum of 100,000,000 Peaks (i.e. points) issued
🔹MINIMUM of 10,500,000 Peaks for this Pendle market
🔹MINIMUM 30% supply for airdrop
🔹TGE end of September 2026

All these make it much easier to estimate and project YT earnings.

We know the final total number of Peaks, we know the airdrop amount, the only variable here affecting your earnings will be the Pendle market's TVL, your share of this TVL. And the FDV of course.

But even with an assumption of 2x current TVL, ROI projections are still looking good. And hey, they might even decide to allocate more Peaks to Pendle or airdrop more than 30% (please🙏🏻)

Spoiler - it STILL looks good up to 7X CURRENT TVL (see thread below 👇🏻)

NFA. Intern is just rambling about likes and hobbies.

[Pendle Intern @PendleIntern]

sUSDD: https://t.co/eMgxDHWhCl

sUSDS: https://t.co/TbDvOsykj6

USDG: https://t.co/IwnrRa645n

[Pendle Intern @PendleIntern]

Worth pointing out that the YT of all these markets are on track to absolutely print now 🧐

@usddio sUSDD - 71% ROI
@SkyMoney sUSDS - 99% ROI
@global_dollar USDG - 91% ROI

[Pendle @pendle_fi]

Outsized fixed yield on institutional-grade stablecoins, with liquidity depth built to accommodate large allocators 🏦

Pendle's PT markets offer the rate certainty and capacity that onchain yield has historically struggled with, particularly for capital where predictability matters as much as the rate itself.

[Boros @boros_fi]

Trade $BTC and $ETH Funding Rates on @kucoincom and @lighter_xyz with our new June Maturities!

These new KuCoin markets open up arbitrage possibilities that weren’t previously available for sophisticated funding rate traders and arbitrageurs.

[Pendle Intern @PendleIntern]

Link: https://t.co/Ycg9pXrvUe

[Pendle Intern @PendleIntern]

Pretty big for sPENDLE stakers to hedge your reward distribution.

> sPENDLE is already "long" distribution
> Hedge = buying the lower brackets on @42space (e.g. $0 - $400k)
> High rewards - Great! Your sPENDLE prints
> Low rewards - Your "bets" on 42space win and print

[42 @42space]

What will sPENDLE holders receive in the next reward distribution?

Ethena S5 just wrapped, and some of those rewards could flow through to sPENDLE holders in the next distribution.

Distribution may come in two forms: direct airdrops, and $PENDLE buybacks from @pendle_fi's V2 protocol fees.

Nobody knows the final number yet. That uncertainty is exactly what makes it a market.

Got a read on where it lands? Take a side.
Already holding sPENDLE and want to lock in ahead of the announcement? Hedge the outcome.

Now live on Fundamentals on 42 → https://t.co/BWfRvYsJ2H

[42 @42space]

What will sPENDLE holders receive in the next reward distribution?

Ethena S5 just wrapped, and some of those rewards could flow through to sPENDLE holders in the next distribution.

Distribution may come in two forms: direct airdrops, and $PENDLE buybacks from @pendle_fi's V2 protocol fees.

Nobody knows the final number yet. That uncertainty is exactly what makes it a market.

Got a read on where it lands? Take a side.
Already holding sPENDLE and want to lock in ahead of the announcement? Hedge the outcome.

Now live on Fundamentals on 42 → https://t.co/BWfRvYsJ2H

[DarkLord_gr | DeFi Dojo @DarkLord_gr]

YT $USDG on @pendle_fi is one of the most underrated setups right now.

Here is why.

You are buying yield at a discount. Implied APY is sitting at 4.6% while the underlying APY including rewards is at 9.4%. That gap is your edge. The market is pricing in less than what the protocol is actually paying out.

112 days until expiry. $15.78M in liquidity.

The USDG team has been consistently distributing rewards on top of the base yield. This is not a one-time airdrop play. It is a team that keeps showing up. That compounds quietly over 112 days.

The math is simple. You buy YT $USDG today at 4.6% implied. If the underlying holds at 9.4% you are collecting yield at more than double what the market priced in at entry.

I couldn't resist. Deployed $280 and picked up 19,470 YT $USDG at 4.71% implied APY. 112 days to run. If underlying holds at 9.4% I'm collecting at double the implied. Small size, asymmetric upside.

Pro tip: use limit orders in range. @pendle_fi is currently showing 100% APR on buys and 200% APR on sells for limit orders. Patience gets you a better entry and extra $PENDLE rewards on top.

This is the kind of setup that does not make headlines. It just pays.

Protocols change. Yields change. The one thing that compounds quietly is who you're surrounded by: https://t.co/EkqSjbzt8Z

[Altura @alturax]

Best @pendle_fi yield on Hyperliquid?

LP-AVLT on top 🦉

[Pendle Intern @PendleIntern]

Excellent news.

I'd rank this somewhere between Kate Winslet and Fish & Chips which is very friggin dang high on the list.

[Pendle @pendle_fi]

PENDLE is now live on @Revolut, the largest fintech in Europe.

20 million crypto traders in the UK, EU, Norway, Iceland and Liechtenstein now have direct access from their everyday banking app, reaching $PENDLE through regulated rails rather than DeFi frontends 🏦

[Pendle Intern @PendleIntern]

Margot Robbie, Ana de Armas, IU...

Led Zeppelin, Pink Floyd, The Smiths...

PT, YT, LP sUSDS....

There's no wrong choice here.

So how would you like to win today, ser: https://t.co/0fXmaPJD31

[Pendle Intern @PendleIntern]

EVERYONE is winning in this @SkyMoney sUSDS market🤯

PT - 5.35% APY, higher than Sky Savings Rate (3.6%), plus it's FIXED yield

LP - 15.76% APY, also significantly higher than SSR, zero IL when held to maturity

YT - The biggest winner of them all. On track for +80% ROI now.

[Pendle Intern @PendleIntern]

Linky link link: https://t.co/pcq7UfJf6F

[Pendle Intern @PendleIntern]

PT-USDat = 10.65% Fixed APY

T-Bills backing it = 3.7%

So yes, please let's talk about it. Embrace it. Inhale it.

[Saturn Intern @Saturn_Intern]

Every design at @saturn_credit is deliberate.

So let's talk about it.

About $USDat,

and how it is designed to be risk-adverse.

👇🧵

[Pendle Intern @PendleIntern]

Link to YT market: https://t.co/TbDvOsykj6

[Pendle Intern @PendleIntern]

Thanks to @SkyMoney's extreme generosity ($30k incentives per week across the WHOLE maturity), YT-sUSDS is now an absolute yield cannon 💥

Even at ~10x the current TVL, YTs will still be an absolute cook so yes...

I like YT-sUSDS. I like it a lot. NFA 🦖

[Pendle Intern @PendleIntern]

Oh okay I see you @SkyMoney 🧐

[Boros @boros_fi]

Boros Broadcast #4: Trading Funding Rates, Made Simple & Easy

- When to long oil funding rates on Boros (woke/bespoke strategy)
- Copy the strategy of this 87% winrate wallet on ETH funding
- Fixed yield $HYPE arbitrage strategies on Boros
- The inefficiency Boros solves

[Pendle @pendle_fi]

$STRC yield coins hit another new milestone on Pendle, with roughly ~2,653,090 $STRC now deposited on Pendle, representing approximately 2.5% of total market cap.

[Pendle @pendle_fi]

The top RWA markets on Pendle are offering up to 20.26% fixed APY right now, with the full top 10 clearing 11%+.

In a volatile environment where variable rates shift with sentiment, fixed yield on RWA gives us the chance to actually predict and plan around.

[Pendle @pendle_fi]

A whale just dropped $6M into @saturn_credit PT-USDat over 3 days 🐳

13 clips of $500k, locking in ~8.95% Fixed APY for ~3 months.

🔹$6M in → $6.14M out at maturity
🔹$138k ROI
🔹2.5x return vs. US T-bill (the underlying asset backing USDat)