Discover and read the best of Twitter Threads about #pendle
Most recents (13)
What is @pendle_fi you may wonder?👀
Pendle Finance is a DeFi protocol built on @ethereum & @arbitrum that allows users around the world to manage and trade #yield. It's a #permissionless platform, open to anyone with internet access.💯
🧵
Pendle Finance is a DeFi protocol built on @ethereum & @arbitrum that allows users around the world to manage and trade #yield. It's a #permissionless platform, open to anyone with internet access.💯
🧵
@pendle_fi @ethereum @arbitrum In traditional finance, #yield is the income from an investment, like interest from a bond or dividends from stocks.✍️
In #DeFi, yield often comes from #ProvidingLiquidity or #staking tokens. @pendle_fi introduces a novel approach to treating yield.🔥
2/7
In #DeFi, yield often comes from #ProvidingLiquidity or #staking tokens. @pendle_fi introduces a novel approach to treating yield.🔥
2/7
@pendle_fi @ethereum @arbitrum Pendle wraps yield-bearing tokens into "Standardized Yield Tokens" (SY).📝
These #SY tokens are split into two components:👇
1️⃣ Principal Token (PT)
2️⃣ Yield Token (YT)
Representing the original investment and expected yield, respectively.☑️
3/7
These #SY tokens are split into two components:👇
1️⃣ Principal Token (PT)
2️⃣ Yield Token (YT)
Representing the original investment and expected yield, respectively.☑️
3/7
Magpiexyz created their new product @Penpiexyz_io has recently received massive support from pendle_fi
It's not your average DeFi integration.
Revolutionize how you enjoy DeFi with more flexibility & maximization than ever before.
Ready to explore? This thread's for you 👇🏼🧵
It's not your average DeFi integration.
Revolutionize how you enjoy DeFi with more flexibility & maximization than ever before.
Ready to explore? This thread's for you 👇🏼🧵
2/ In this thread, I'll cover:
- Introducing Penpie
- Pendle Finance
- Pendle's veToken Model
- Pendle Rush
- PNP Token
- Conclusion
Let's Start!
- Introducing Penpie
- Pendle Finance
- Pendle's veToken Model
- Pendle Rush
- PNP Token
- Conclusion
Let's Start!
3/ Introducing Penpie
Penpie is the secret sauce that fuels the growth of Pendle Finance and its ecosystem. As part of Pendle's offering, Magpie extends its reach and amplifies its benefits for DeFi enthusiasts everywhere.
Penpie is the secret sauce that fuels the growth of Pendle Finance and its ecosystem. As part of Pendle's offering, Magpie extends its reach and amplifies its benefits for DeFi enthusiasts everywhere.
The Shanghai Upgrade will be in 7 days! 🔥
The biggest narrative associated with this update is the LSD narrative! 🫧
Let's see how to take advantage of this narrative to make big returns! 🪙
Level: Intermediate 🔰
Reading time: 4 minutes 📚
THREAD 🧵
The biggest narrative associated with this update is the LSD narrative! 🫧
Let's see how to take advantage of this narrative to make big returns! 🪙
Level: Intermediate 🔰
Reading time: 4 minutes 📚
THREAD 🧵
If you don't know what the Shanghai Upgrade is and what impacts this upgrade may be, I invite you to read this THREAD before continuing:
Today only 15% of $ETH is staked!
This is explained by the fact that $ETH staked and rewards are locked, so a large part does not stake $ETH.
Only these $ETH will no longer be locked after the Shanghai Upgrade.
This is explained by the fact that $ETH staked and rewards are locked, so a large part does not stake $ETH.
Only these $ETH will no longer be locked after the Shanghai Upgrade.
我的 $gDAI 穩定幣池收入: 142% APY 🤯
其他人: 13%🤭
不短炒YT仍能獲得豐厚回報，有可能嗎？
#YieldTrading 太複雜，怎樣決定YT進出場的時機？
上次提到 @pendle_fi 後收到很多問題
今次精解一些最多人想知道的事！
(🧵1/13)
其他人: 13%🤭
不短炒YT仍能獲得豐厚回報，有可能嗎？
#YieldTrading 太複雜，怎樣決定YT進出場的時機？
上次提到 @pendle_fi 後收到很多問題
今次精解一些最多人想知道的事！
(🧵1/13)
問題（1） - Underlying、Implied、Long Yield APY 到底看哪個？
你其實想問的是這一道百萬問題💰💰💰
YT/PT何時進出場、什麼時候貴、什麼時候便宜？
(3/13)
你其實想問的是這一道百萬問題💰💰💰
YT/PT何時進出場、什麼時候貴、什麼時候便宜？
(3/13)
Last PART on @pendle_fi !
After the first two THREADs :
Part 1 :
Part 2 :
where we saw the principles of the protocol, let's see the last part on the Tokenomics of the @pendle_fi project.
So let’s dive into it !
THREAD 🧵🧵🧵
After the first two THREADs :
Part 1 :
Part 2 :
where we saw the principles of the protocol, let's see the last part on the Tokenomics of the @pendle_fi project.
So let’s dive into it !
THREAD 🧵🧵🧵
Let's start by watching TVL on @DefiLlama, we see a strong increase in this TVL from December 2022.
Surely the beginning of the #LSD narrative.
Logically @pendle_fi takes strength on this narrative because it allows to trade Yields from #LSDs.
Surely the beginning of the #LSD narrative.
Logically @pendle_fi takes strength on this narrative because it allows to trade Yields from #LSDs.
Logically, the price has also had the same evolution as the TVL (narrative LSDs).
I did a first THREAD to present the @pendle_fi protocol to achieve level 2 comprehension.
I complete this THREAD (to level 4) by finishing the presentation of this wonderful protocol !
Let's dive into it !
THREAD PART 2 🧵🧵🧵
I complete this THREAD (to level 4) by finishing the presentation of this wonderful protocol !
Let's dive into it !
THREAD PART 2 🧵🧵🧵
In the last THREAD I talked about:
- #Yield Tokenisation
- PT (Principal #Token) Strategy
In this THREAD we’ll talk about :
- YT (Yield Token) Strategy
- Yield Trading
- #Yield Tokenisation
- PT (Principal #Token) Strategy
In this THREAD we’ll talk about :
- YT (Yield Token) Strategy
- Yield Trading
On the same principle of the previous THREAD, I will try to be as simple as possible and will put a lot of examples to facilitate understanding.
Let’s GO !! 🔥🔥
Let’s GO !! 🔥🔥
One of the protocols that I appreciate the most and which is also one of the most technically complicated : @pendle_fi
I think a lot still don't understand the principle of this amazing protocol.
Let’s dive into it !
THREAD 🧵🧵🧵
I think a lot still don't understand the principle of this amazing protocol.
Let’s dive into it !
THREAD 🧵🧵🧵
@pendle_fi is a technically quite complex protocol, it took me a while to understand it.
In this THREAD, I will do my best to be as simple as possible so that as many people as possible understand.
In this THREAD, I will do my best to be as simple as possible so that as many people as possible understand.
There is 4 levels of understanding on @pendle_fi, at the end of this THREAD my goal is that you are at level 2.
I will probably do another THREAD to complete.
Let's GO!!
I will probably do another THREAD to complete.
Let's GO!!
#GLPLego系列之 Pendle x #GLP
GLP = 一邊拿藍籌幣、一邊能下金蛋#RealYield的雞
🧐APR時高時低，能把利率固定嗎?
🧐對抗Trader PnL，不怕被🐳炒家擄劫行嗎?
🧐賺額外swap fee、激勵獎賞?
🧐不靠借貸槓桿，GLP回報提升接近1倍?
🧐甚至上下套利、無上限回報?
深入分析@pendle_fi 4種場境策略
提升回報
GLP = 一邊拿藍籌幣、一邊能下金蛋#RealYield的雞
🧐APR時高時低，能把利率固定嗎?
🧐對抗Trader PnL，不怕被🐳炒家擄劫行嗎?
🧐賺額外swap fee、激勵獎賞?
🧐不靠借貸槓桿，GLP回報提升接近1倍?
🧐甚至上下套利、無上限回報?
深入分析@pendle_fi 4種場境策略
提升回報
1) How to profit from the current uncertainties of MEMO’s future rebase rewards, a thread
#wonderland #FrogNation #pendle #memo
@pendle_fi
#wonderland #FrogNation #pendle #memo
@pendle_fi
2) With the recent tweets from @danielesesta, there are a lot of uncertainties in the MEMO’s rebase rewards in the coming weeks. Will the rebase rewards end? Will it be significantly reduced? When will these happen?
3) Uncertainties create opportunities. If you have an opinion on the future of MEMO’s rebase rewards in the coming weeks, here’s how you can bet on it (and get good returns if it turns out to be correct) by following Peepo or Wojak
How I am getting a guaranteed* fixed yield of 112000% on my MEMO, a thread
#wonderland #FrogNation #pendle #memo
@pendle_fi
*assuming no contract risks
#wonderland #FrogNation #pendle #memo
@pendle_fi
*assuming no contract risks
Before that, what do I mean by a guaranteed fixed yield? It means that no matter what happens (to Wonderland’s rebase APY, or to Wonderland's treasury,...), assuming no smart contract risks, I am guaranteed to get that yield rate.
So how did I do it?
1st step: I visited Pendle app at app.pendle.finance/market to check the Implied discount of OT-wMEMO
When I was doing this yesterday, the Implied discount was shown at ~112000%
1st step: I visited Pendle app at app.pendle.finance/market to check the Implied discount of OT-wMEMO
When I was doing this yesterday, the Implied discount was shown at ~112000%
How I'm getting 240000% APY on my MEMO, instead of the usual 80000%, a thread
#wonderland #FrogNation #pendle #memo @pendle_fi
#wonderland #FrogNation #pendle #memo @pendle_fi
1st step: starting with 0.56 MEMO, I wrapped it to wMEMO on Wonderland:
snowtrace.io/tx/0x15f6bd9da…
snowtrace.io/tx/0x15f6bd9da…
2nd step: using Pendle, I converted the wMEMO into 0.56 YT-wMEMO and 0.56 OT-wMEMO
snowtrace.io/tx/0x70b503b78…
snowtrace.io/tx/0x70b503b78…
1/ A thread on @pendle_fi, one of the most understimated projects that recently launched on mainnet. Pendle is a protocol that enables the trading and hedging of yield and currently supports two yield-generating tokens: aUSDC and cDAI, both products expire on December 29th, 2022.
2/ A deposit of aUSDC is separated into OT-aUSDC (OT represents the ownership of the underlying token deposited) and YT-aUSDC (representing the ownership of the future yield generated).
3/ @pendle_fi created a USDC liquidity pool for YT-aUSDC and YT-cDAI to price their markets, this is achieved providing incentives,
1) On AMMs, On-chain is a completely different world compared to off-chain, I’m a firm believer that the concept of on-chain order book does not work due to its complexity involved in making a market, transaction costs for constantly shifting orders.
2) Not to mention the speed of matching orders where centralized ones can do a way better job than the decentralized counterpart. Constant Function Market Makers: #DeFi’s “Zero to One” Innovation. medium.com/bollinger-inve…
