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Phoenix Research
@0xPhoenix77
🪶 DeFi Researcher Crypto narratives & trenches radar
Joined August 2011
1.8K Following    12.1K Followers
➟ @pendle_fi brings @NetNetCap - sNET yield trading to @RobinhoodCrypto Chain. PT-sNET matures on Sep 17, with 11 days remaining. In the snapshot shown, PT offers a 7,952% fixed APY, and 1 PT redeems for 1 NET at maturity. The underlying sNET yield is 9,678% APY. sNET distributes dividends 3 times per day, with payouts scaling with NET’s price relative to NAV and reaching up to 0.45% every 8 hours at a 1.75x premium. PT lets users lock the current return, while YT receives the yield of 1 NET until maturity. Pendle gives traders a separate market for fixed yield and direct exposure to sNET dividends
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