Pendle Intern's Notes
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Random ramblings of a cartoon character. Usually before his morning coffee too.
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It's another threesome day @everyone πŸ˜‰

We're launching our fan-favourite perp pools with renewed maturities!

> GLP (26 Sep 2024)
> gDAI (26 Sep 2024)
> MUXLP (27 June 2024)

Pendies with existing positions in the old, soon-to-mature pools can start migrating your positions ahead of time to continue earning rewards.

Mini surprise - we'll also be launching apxETH by Dinero/Redacted Protocol soon so keep your eyes peeled for the official launch + announcement πŸ‘€

Reminder to also channel your vePENDLE support to the new pools!

Like and RT: https://twitter.com/pendle_fi/status/1770434185607757965
gmeow @everyone, it's another threesome-filled, LRT week!

Together with our friends from Zircuit, we'll be launching 2 new pools on Ethereum this week:

- EtherFi eETH (Zircuit)
- KelpDAO rsETH (Zircuit) [To be announced on X tomorrow]

In both cases, Pendies will get to earn:

- 2x Kelp Miles/EtherFi Loyalty Points
- 2x Zircuit Points
- EigenLayer Points


In short, they're pretty much the same LRT pool that you all love, with Zircuit Points on top now 😼

Remember to vote for the new pool vePENDLE holders!

Like and RT: https://twitter.com/pendle_fi/status/1772970598404346090
Quick one @everyone, the KelpDAO rsETH (Zircuit) pool is now LIVE, with ~71% Fixed APY up for grab now btw πŸ˜‰

Be on the lookout for more exciting pools next week!

Like and RT: https://twitter.com/pendle_fi/status/1773332968884535793
GM everyone, we're kickstarting this Ethena season on Pendle by going #PendleToTheMantle 🏎️

Our very first pool on the Mantle network - USDe by Ethena, just in time for those eyeing Season 2 of $ENA campaign πŸ˜‰

Do note that in place of Ethena Shards, you'll instead earn 20x Sats/day for every USDe on Pendle + a little bit of EigenLayer points on top too.

Yes, you read that right, EigenLayer.

Still a bit early in the week but do remember to greet our new Mantle friends with a warm vePENDLE welcome!

Like and RT: https://twitter.com/tn_pendle/status/1775161336655454577
Surprise everyone, it's a double Ethena launch!

Due to popular demand, we're running back with another USDe pool on Ethereum with a longer maturity πŸŽ‰

20 Sats/day per USDe or YT-USDe

And guess what? Ethena season ain't even over yet πŸ˜‰

Also remember to show some vePENDLE love for this new pool too!

Like and RT: https://twitter.com/tn_pendle/status/1775168853523525815
GM, hope everyone is enjoying Ethena Season on Pendle so far!

Speaking of Ethena, our old USDe pool on Ethereum is about to mature in another ~11 hours.

Not sure what to do but want to continue earning them yields and Shards Sats for Season 2?

Check out our quick guide here - https://twitter.com/tn_pendle/status/1775507942114202054
GM, not quite done with the week just yet, everyone πŸ”₯

We're adding 2 new LRT pools on Arbitrum with a different, longer maturity, perfect for those who want to mix up your points game:

> EtherFi eETH (June 2024 maturity)
> KelpDAO rsETH (June 2024 maturity)

Growing the LRT ecosystem on Arbitrum here, one pool at a time πŸ˜‰

Like and RT: https://twitter.com/pendle_fi/status/1775870261096783907
🐳 Whale sighting in the Renzo ezETH (Ethereum) pool

A number of LRT pools are fast approaching maturity in 14 days.

This shortened horizon combined with the high fixed APYs potentially make this an attractive venture to rack up more ETH, particularly for whales like this πŸ‘‡πŸ»

https://twitter.com/PendleIntern/status/1777932791487017254
GM, Ethena Season on Pendle continues with more L2 expansions, served with a side of Decentralised AI Network LST this week πŸ€–

We'll be launching 3 new pools this week:

1. stTAO by Tensorplex - a liquid staked token for the Bittensor network
2. USDe on Arbitrum (to be announced on X tomorrow)
3. USDe on Zircuit (to be announced on X tomorrow)

vePENDLE voting is already live for all pools so be sure to do your thing!

Like and RT: https://twitter.com/pendle_fi/status/1778044258915959103
Pendle Trade Roundup (11 April 2024) πŸ”₯

1. Short-dated YTs + Long-dated PTs for Upcoming EigenLayer TGE?

EigenLayer's mainnet has launched. If TGE is soon, short-dated LRT YTs will be key play here in racking up the most EL points in the shortest timeframe. More flows to long-dated PTs predicted soon as the notion of forgoing long-term points picks up in popularity, while offering hedge for short-dated YT positions

https://twitter.com/PendleIntern/status/1778278405307576657


2. Low risk, short tenure, high yield PTs

A number of Pendle pools are set to mature in 13 days:

- Ethena sUSDe (Ethereum) - 75.9% Fixed APY
- Renzo ezETH (Ethereum) - 63.4% Fixed APY
- EtherFi eETH (Arbitrum) - 61.7% Fixed APY
- KelpDAO rsETH (Arbitrum) - 61.4% Fixed APY

This shortened horizon (i.e. lower risk) combined with the high Fixed APYs make this a short, and sweet venture for whales (especially) to accumulate more ETH/stables

https://twitter.com/PendleIntern/status/1777932791487017254


3. YT-USDe + ENA Staking Boost Wombo Combo

Great news - Pendle YT and LPs will be eligible for Sats +50% boost from ENA staking.

This 1-2 combo of YT-USDe + $ENA boost may just be the fastest way to rack up Sats across DeFi:

https://twitter.com/PendleIntern/status/1777954694599721107
Happy Monday! Kickstarting Ethena Season this week with an exciting one - ENA by EthenaπŸ”₯

Currently, Ethena users can lock ENA worth at least half of their positions on Ethena to boost Sats earnings by +50%. This includes YT-USDe and LPs in Pendle USDe pools.

And now you can replicate this with YT-ENA (where 1 YT-ENA = 1 ENA), plus earn 30x Sats/day per YT-ENA on top.

vePENDLE voting is live too so get an early start in the week and show some Pendle πŸ’™ for our new pool.

For more information, check out the Tweet below.

Like and RT: https://twitter.com/pendle_fi/status/1779844068308337144
Pendle Trade Roundup (17 April 2024) πŸ”₯

1. New Points Meta

It's official - seems like YT-ENA + YT-USDe is the best way to earn Sats out there at the moment:

πŸ‘‰πŸ» https://twitter.com/PendleIntern/status/1780445205084446754


2. What the TAO?

stTAO's Fixed APY is near ATH at ~64% APY now. For the record, this is about 4x of stTAO's Underlying APY of ~16.5%.

Seems
that users are heavily speculating on value beyond just stTAO native yield... but for users who simply want to lock in outsized staking yield for your TAO, here's a great opportunity.


3. Minimal IL for LPs

New study on IL on LRT pools revealed that maximum loss was only 2% (not accounting for the value of points and airdrop). Any such IL was negated completely for holding the position for >30 days.

TL;DR Pendle LPs in LRT pools generally suffered from no IL and were better off, something to consider for your next strategy perhaps

πŸ‘‰πŸ» https://medium.com/pendle/impermanent-loss-il-on-lrt-pools-c6d2d9fece0c


4. Pendle PTs on Karak!

PT-ezETH, PT-rswETH, PT-eETH and PT-rsETH now supported on Karak - both Ethereum and Arbitrum network.

Chance to earn Karak points on top of them fixed yields.

πŸ‘‰πŸ» https://twitter.com/Karak_Network/status/1779907793195008144
GM, we're expanding our LRT market with a new, long-dated EtherFi eETH pool (Dec 2024 maturity) πŸš€

This new pool comes packing with the highest multiplier to-date for EtherFi Loyalty Points - 3x

Plus, with the long-dated maturity, you'll also be able to get a headstart on all the future restaking/AVS rewards πŸ˜‰

P.S. vePENDLE voting is already live as well!

Like and RT: https://twitter.com/pendle_fi/status/1780579300183539839
Happy Monday, everyone!

It's a double launch today with everyone's favourite Renzo ezETH:

- ezETH (Sep 2024) on BNB Chain
- ezETH (Dec 2024) on Ethereum

Similar to our eETH pool last week, these ezETH pools will be offering the highest 3x multiplier for ezPoints!

With ezETH (Apr 2024) and many other ETH pools coming to maturity this week, here's the chance for you to roll-over your yield streak with these new pools.

Don't forget to get your vePENDLE votes in for ezETH!

Like and RT: https://twitter.com/pendle_fi/status/1782392741114286170
Here's your chance to extend that sUSDe yield streak everyone, with some much welcomed changes πŸ˜‰

New Ethena sUSDe comes packing with 20x Sats/day on top of the usual USDe staking yield, and this is without accounting for that +50% boost from YT-ENA/ENA too. Yes, YT-sUSDe Sats can be boosted!

Also vePENDLE voting is already live!

Like and RT: https://twitter.com/pendle_fi/status/1783102363357925485
Also, for existing vePENDLE voters of the maturing pools (rsETH, ezETH, eETH, sUSDe Apr 25), you'll have freed up votes to roll over to other pools.

Do move your votes to other pools, especially the longer dated versions of the maturing pools, as we're expecting activity from users rolling over to longer maturities.

1. ezETH Dec
2. eETH Dec
3. rsETH Jun
4. sUSDe Jul
Pendle Trade Roundup (25 April 2024) πŸ”₯

1. USDe Arbitrage?

New sUSDe pool just dropped earlier this week, offering 20x Sats (vs. 2x Sats from naked sUSDe πŸ‘€), on top of USDe staking yield.

For those looking to get in on some Sats action, sUSDe simply offers better bang for your buck now since USDe (20x Sats only) is trading at the same price

https://twitter.com/PendleIntern/status/1783385324024119780


2. REZ easy

With a bump in REZ airdrop allocation from 5% > 7%, YT buyers are looking at some hefty haul now, and this is from Season 1 alone.

With REZ and ETHFI being wins for YT buyers so far, all eyes are now on another Binance investee - Puffer

https://twitter.com/PendleIntern/status/1783325447633465443
https://twitter.com/PendleIntern/status/1783015614526984383


3. Whales Feasting

A number of pools had matured recently, with some big PT buyers scoring some big hits. PTs even without the points upside are some of biggest whale favourites simply because of the fixed yield exposure.

Alternative angle to strategize around PT - your future yield from PT can essentially function as "house money" for all of your YT or even memecoin sheganigans

https://x.com/pendleintern/status/1783458456730841382?s=46&t=FieW0CeKdjAlKll4NAwPig