Edrin Valecrest(@EdrinValecrest):A lot of people still look at @pendle_fi as a place to “farm yield.” What’s actually happening is much closer to a fixed income market forming onchain. This 0xcd2 wallet quietly deployed almost $2M into PT apyUSD across 8 buys, locking an 18.94% fixed yield for the next ~36 days. That matters because the underlying yield itself is floating. STRC distributes monthly dividends around 11.5%, but Pendle lets users separate the yield from the principal and price both independently. The market:

Edrin Valecrest

@EdrinValecrest

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Joined August 2019

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Edrin Valecrest@EdrinValecrest

2026.05.12 06:07

A lot of people still look at @pendle_fi as a place to “farm yield.” What’s actually happening is much closer to a fixed income market forming onchain. This 0xcd2 wallet quietly deployed almost $2M into PT apyUSD across 8 buys, locking an 18.94% fixed yield for the next ~36 days. That matters because the underlying yield itself is floating. STRC distributes monthly dividends around 11.5%, but Pendle lets users separate the yield from the principal and price both independently. The market: