You see 9.39% APY and you scoff at it. BUT keep in mind you're getting 2x more yield than sUSDe, and this is close to being "illiquidatable" Why? Coz Aave codes PT by formula, not by market: ・Converges to $1 at maturity ・Priced off USDT ・Immune to AMM moves and Implied APY swings Bullet proof collateral.

Legal said I can't use the term "free money" so I shan't. That said, 7.55% ROI in 22 days (224% APY) with such a short maturity is looking good 😋 Rewards are fixed so YT risk here is mainly TVL inflation. With maturity being so soon, this risk becomes less concerning.

PT Looping is one of the MOST profitable yield opportunities but has always felt scary to the average user But what if intern told you we now have PT Looping at home... ...and those 30%+ APY opportunities can be done in LITERALLY one click! Let's see how 👇

Dear @tori_finance users, DO NOT leave free money on the table. If you're already holding/planning to hold trUSD or strUSD, just Pendle LP instead for: 1) MORE points 2) MORE yield Love, Intern

$AUSD is now @monad's fastest growing stablecoin on the chain, up ~65% in 30 days to $118M - with Pendle contributing ~65% of the supply. Native AUSD yield: 3.5%. PT-AUSD on Pendle: 6.67% fixed. Even at $40M swap size, it's 6.28% effective fixed APY, less than 0.1% price impact

PT looping is now much simpler. No need to use Contango or Euler Multiply, and no need to leave the Pendle app. One of the top PT looping opportunities right now is PT ethereum:0x5086bf358635b81d8c47c66d1c8b9e567db70c72 @re You can earn up to 28% APY in this economy. Meanwhile, $RE is still sitting at a $450M FDV with $570M in TVL. PT reUSD Looping:

Missed our H1 update? We’re building a positive sum game in DeFi by unlocking tradeable funding rate markets - perhaps the most untapped sector in onchain yields today. See how everyone can win with the cheat sheet below:

Perps are no longer just a crypto product, with Hyperliquid becoming an overnight market for oil during a war while CME was closed, and Kalshi opening the first regulated perp market in the US. The rise of perps is inevitable, and every market that joins brings a funding rate with it, which is exactly the market @boros_fi is built to serve. Even in a bear, open interest is ~$120B, where capturing even just 1% is a 10x growth. Boros has a once in a lifetime opportunity to corner this category, and we fully intend to take it 👇🏻

Key Takeaways from @pendle_fi 's Community Call and H1 2026: • ze auto-looping is the surface-level feature: The deeper objective is to convert PTs from passive fixed-yield instruments into reusable collateral primitives across Aave, Morpho and Euler, that changes Pendle’s addressable market from yield trading to the broader architecture of onchain credit formation.. • Pendle does not want to vertically integrate all of DeFi: It wants to control the yield abstraction layer while allowing money markets to supply liquidity, leverage and collateral infrastructure they say,“We want to stay in our lane”.. The important point is that Pendle’s lane is gradually becoming the connective tissue between yield origination, fixed-rate exposure and capital efficiency • Curators introduce a distributed market-creation model: Instead of Pendle remaining the sole bottleneck for PT/YT launches, selected partners will be able to instantiate markets themselves • Pendle-branded vaults extend that distribution logic: Starting with Morpho, the goal is to package fixed-yield and looping strategies into products that can be accessed through third-party liquidity venues.. Pendle retains the UX and product identity without needing to own the entire balance sheet beneath it • The US is becoming strategically important: @tn_pendle is spending more time in NYC building relationships with major RWA issuers and exploring compliant DeFi utility for permissioned assets and ze opportunity is not just tokenisation it is the financialisation of tokenised assets through fixed rates, collateral utility, secondary liquidity and structured distribution • RWAs are already economically central to Pendle; V2 averaged $1.3B in daily TVL YTD, while 9 of its 11 featured assets were RWA-linked, zis suggests Pendle is not simply benefiting from the RWA narrative, it is increasingly becoming part of the market structure through which RWA yield is transformed into investable fixed-income exposure • Pendle’s role for issuers is becoming clearer: RWA platforms originate yield + Pendle converts that variable yield into fixed-rate instruments + Money markets then make those instruments collateral-efficient + Vaults make the resulting strategies distributable = Each layer increases the utility of the one beneath it • ze Monad demonstrated the portability of the model: Pendle became a top-five protocol on Monad with over $150M TVL in under one month and only three pools, zis is a strong example of how a small number of high-quality yield markets can create disproportionate ecosystem relevance • le Boros is narrowing its strategic aperture: ze goal is no longer to become another generic trading venue, ze new mission is to become infrastructure for funding-rate arbitrage across exchanges, with institutions as the initial target market • Boros has STILL processed over $14B in volume in under 12 months and users are up 50% YTD, ze product has meaningful throughput, but the team was honest that it has not yet found its final equilibrium (yet) • TN openly admitted that Boros “still has not found its footing” (and that's ok, linn thinks, specially in this market) Funds continue to price $PENDLE primarily on V2 revenue, and the team does not want to impose a token model before Boros finds genuine product-market fit, zis is preferable to manufacturing token utility around an unresolved product thesis • Pendle is also resisting chain-expansion theatre, no Canton deployment planned for now (good, linn thinks most of canton also incentives not longevity) ze team would rather enter later with validated demand than become a first mover into an ecosystem without sufficient economic density (good team) • Tokenomics have become materially tighter. Weekly PENDLE emissions fell from approximately 90K to 21K. The intended reduction was 30%. The realised reduction was 76% (gyat...team always overdelivering) AND according to the team, protocol performance did not deteriorate (linn agrees) • Zis matters because lower emissions change the quality of growth, if TVL, volume and usage persist while token issuance falls, activity becomes less dependent on rented liquidity and more reflective of actual product demand (mucho longevity) • Staking behaviour reinforces that signal, around 36% of PENDLE is now staked (including linn's) More than 2M PENDLE has been purchased from the open market and distributed to stakers. Roughly 93% of stakers have never unstaked (diamond hands fr) That suggests increasingly persistent rather than purely mercenary holder participation, • Ze broader thesis is simple, even if the architecture is not, Pendle is evolving from a destination for yield trading into infrastructure for: → yield decomposition → fixed-rate formation → collateralisation → leverage → market distribution → structured product packaging • Pendle does not need to become every protocol, only needs PTs to become embedded across enough protocols that Pendle’s yield layer becomes difficult to route around -> “staying in our lane” (and holy moly is it a good lane) tldr: pendle go up, pendle team relentless, tn mucho excellente fearless leader, jobs not done dc: as always, linn is tier 1 kol supreme for pendle

RWAs were the clearest growth driver of our first half, and that momentum is where we're concentrating for the rest of 2026 and beyond What's next? 🔹Curator infrastructure, opening up listings to external curators, with PTs usable as collateral across major lending venues 🔹Co-curated Pendle branded vaults holding only PTs with a proven track record, starting with Morpho 🔹Working directly with RWA issuers on compliant ways to bring DeFi utility to permissioned assets ( @tn_pendle has been hard at work in NYC) 🔹Long game is expanding Pendle as the discovery and distribution layer for onchain yield products and RWAs, from ETFs to single-name credit

The highest yielding YT hiding right under our noses, or: 👉🏻 LP for ~12.4% APY 👉🏻 PT for 6.81% Fixed APY; $1.5M swap size gets an effective APY of 6.41% The ticker is fxSAVE

🔥 $TRX incentives are back! The #sUSDD# market on @pendle_fi just received another major rewards boost from @trondao. We've added a fresh round of $TRX incentives to the @pendle_fi sUSDD market while significantly increasing the base $USDD rewards. The reward stack remains powered by USDD rewards + $PENDLE rewards + $TRX airdrops. 💛 🎁 Reward Pool (This Round): 22,000 USDD + 13,000 TRX + PENDLE (PENDLE rewards are approximately 30% of the combined value of the USDD and TRX rewards.) ⏰ Campaign Period: July 23, 8:00 AM – July 30, 8:00 AM (SGT) 📌 Strategy Tip: Users can leverage the @Morpho PT-sUSDD/USDT market to maximize capital efficiency through deep liquidity and low borrowing costs, unlocking even greater yield opportunities. With this latest incentive boost, #sUSDD# YT yields are expected to reach new highs. Don't miss the opportunity to capture the enhanced rewards. ⬇️ 🔗 Pendle PT/YT Market: 🔗 Pendle LP Pool:

Spent 40 mins listening to Pendle's community call. Here are my quick notes on a few things: ~ Auto-Looping is just the beginning. @pendle_fi wants PT to become collateral across Morpho, Euler and Aave, not just a yield product. ~ Curators are coming. Instead of Pendle listing every market, selected partners will be able to launch PT/YT markets themselves. Think distribution at scale. ~ Pendle-branded vaults are on the roadmap, starting with Morpho, to push fixed-yield products through other protocols instead of keeping everything in house. ~ The US is now a priority. TN said he's spending more time in NYC building relationships with major RWA issuers and figuring out compliant DeFi utilities for permissioned assets. ~ Boros has a new mission, not another trading venue. The goal is becoming the infrastructure for funding rate arbitrage across exchanges, with institutions as the first target. ~ The team mentioned Aave, Morpho and Euler as partners. Pendle wants to own the UX while letting money markets provide the liquidity. One quote that stuck with me: "We want to stay in our lane" So Pendle is doubling down on what it already does best: yield trading, then letting the rest of DeFi plug into it.

2 mins to understand the SK Hynix Arbitrage 👇🏻 • SK Hynix trades in Korea and as a US ADR • 1 ADR = 1/10 of a Korean share, so it should cost 1/10 of the Korean price • It doesn't, ADR trades ~30% too expensive now • Why? Converting Korean shares into ADRs is blocked, so nothing forces convergence • Conversion opens 29 July, and traders expect the gap to shrink The Trade 📈 • Long the cheap Korean side, short the expensive US side, profit when the gap closes on 29 July • Everyone and their mom is doing this, so funding on the Korean perp on @HyperliquidX is super high, going as high as 180-240% APR • This funding eats into your profit every hour How Boros Helps 🛠️ • For arbitrageurs, LONG YU to fix your long-leg funding cost at the Implied APR. • For cash and carry traders, SHORT YU to fix your funding rate earning Some Risks ⚠️ • The gap may not close if Korea limits conversion • It likely won't hit zero. TSMC's ADR premium never has • Funding rates can drop/fluctuate, especially during closing hours (Refer to @tradexyz docs on "Discovery Bound")

Pendle hasn't spilled the beans yet completely but few yuge points: - institutions are the mucho upside, pendle will become the default onchain yield distribution layer for treasury desks and financial asset issuers - RWAs are already pendle’s biggest growth driver this year, mucho institutional demand - le pendle is evolving from a protocol into a platform: trusted third parties will be able to launch and manage their own markets, yuge expanding potential supply - distribution is core strat: morpho vaults, auto-looping, new chains and external venues can bring pendle yield to users without them needing to use pendle directly - boros may have found its strongest product-market fit in cross-platform funding-rate arbitrage, mucho room for growth - boros plans to turn complex four-leg arbitrage into simple fixed-yield vaults, opening the strategy to much mucho capital - focusing boros liquidity on btc, eth and hype should improve adoption by concentrating on markets traders already understand and use - future boros expansion could include leveraged pt and yt trading, increasing utility and demand across the wider pendle ecosystem dunno about you but this sounds great already...they've not even had ze pendle update call yet :) dc: linn is tier 1 kol supreme for pendle

We set a target to cut PENDLE emissions 30% this year. We're down 76%. Emissions are now at an ATL because every $PENDLE is working harder than it was, with much improved efficiency 🔥