Pendle (PENDLE)

Remember when @pendle_fi was the main protocol to find the best DeFi strategies? ​ Of course you do, cause that never changed ​ With the release of @boros_fi they even expanded to a new market, or even better, they created it Still relatively young, but already performing decently ​ Even if not even close to the levels of the main product of Pendle itself, Boros is boasting an ever-rising TVL and upward trending 9-fig open interest ​ Boros lets you trade the funding rates over perpetual markets ​ It launched with just a couple of markets: $BTC and $ETH on @Binance ​ But it has now expanded to more ​ - Collaterals (BTC, ETH, USDT) - Assets (BTC, ETH, HYPE) - Exchanges (Binance, Hyperliquid, OKX) ​ Like the original Pendle product, you might need to give it a good DYOR and understand everything well before diving in ​ Or read a guide ​ But once you've set it up, it can be a crazy good tool to hunt for profits regardless of the market direction ​ Being able to long and short funding rates is an effective speculative tool for volatility For a more passive approach, you can also deposit into the different collaterals vaults ​ BTC and ETH can get to some seriously good APYs, but if you want a less volatile option, you can use $USDT as well ​ They get up to 32% in APY on the ETH-USD vault ​ These vaults can result in impermanent loss ​ Make sure to DYOR before using them, but TL;DR ↓ ​ - It's best to deposit when the implied APR for that market is at its lowest - The yield is generated from $PENDLE incentives, swap fees, and favorable implied APR movements ​ Overall, still a great starting point if you want to use Boros but aren't sure of how to operate on it ​ I think I'll go down the rabbit hole some more and study some strats

According to Wu, as reported by Ember monitoring, an institution suspected to be Polychain Capital accumulated purchases of 4.114 million PENDLE (approximately $12.26 million) at an average price of about $2.98 between March and September this year, and transferred all the tokens to FalconX eight hours ago. Based on the current PENDLE price of roughly $2.19, this holding reflects a floating loss of about $3.25 million. https://t.co/wMZeudOhKV

$PENDLE WHALE OUTFLOWS DETECTED Over the last 2 hours, $PENDLE tokens have been transferred to FalconX from six wallets that had been accumulating the asset over the past 9 months The total amount moved equals $9M The average loss across these wallets is around -30% Wallet used for the transfers: 0x71e43996f8d5D7C18cfdB80471e9937Ca7b150c0

2 factors that lead to a YT with a positive PnL: ❍ A non-zero Underlying APY ❍ An increased Implied APY (the price of a YT) Not every Pendle YT will go to zero, and I prefer those with an Underlying APY to make back some of our capital.