Pendle (PENDLE)

I've now talked to multiple teams bringing @MicroStrategy's STRC yield on chain and one question keeps popping up: Do users want exposure to STRC volatility, or do they want the derivative to behave more like a yield-bearing dollar? So far the teams are all leaning towards giving their derivatives full exposure to STRC. That means potential 3-7% "depegs" every few months. Their reasoning, which they seemed to arrive at independently of each other, is that it's good for @pendle_fi or Pendle-like markets. E.g., When STRC goes below its NAV, you can buy the YTs (pushing up the IY) and, as STRC returns to NAV, it gives you additional yield/return. BUT, since each team so far is going to name these derivatives as if they're stablecoins (xUSDxx, for example), I would personally expect them to perform more like stables and less like STRC. I'm excited for them all nonetheless, but would love to know what farmers out there think about this.

$PENDLE if it goes above the horizontal band on the chart, I will add and consider pulling the cost down to around $1.55. It is one of the rare projects that does business in the market, says https://t.co/h3D9Ae3G3P

pendle converted 16% of all USDG holders from a single integration. 491 wallets out of 3,088 total came through PT-USDG markets offering 5.3% fixed APY. as stablecoin dominance drops from 95% to 84%, every new entrant needs a distribution layer. pendle is becoming the gateway protocol for the multi-stablecoin future

The $70B Opportunity 🛣️ There are 400M+ people on CEXs earning 1-3% on now. Most of them have never used Pendle. Most of them probably have never even heard of Pendle. CEX Highway is about to change that 🛣️ https://t.co/nhPNFDeNGe https://t.co/sslFqt58rP

Linn's Leverage #979 is out: (Link in tweet below) @boros_fi @pendle_fi @OdysseyFi @maplefinance @Theo_Network @KyanExchange @Mantle_Official Like/Repost to support: https://t.co/ksO1yqdNP3

Two Major @pendle_fi Updates: 1⃣ Huge incentive campaign by @Paxos on $USDG (150K for 5 Weeks) 2⃣ "Infinite Liquidity" soft launches, offering up to 100% APR on limit orders Here's all you need to know 📽️👇