Pendle Intern
@PendleIntern
Chief Meme Officer (CMO) @pendle_fi || Burger Engineer @McDonalds
1.1K Following 23.9K Followers
One-click to long the @Apple iPhone Duo with leverage.
One-click to unwind and exit the position too.
Everything stays onchain and in your wallet.
The future of TradFi is DeFi baby~
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And just like that, we've entered a "cannot lose" territory for @withAUSD YT-AUSD.
> AUSD gives 3.5% APY
> Campaign Boost incentives give 2.01% APY
> Total of 5.51% APY
> Campaign Boost incentives for YT scale with TVL and are UPONLY, up to 2.5%
> So even if TVL drops, incentives will stay at minimum of 2.01%
> Minimum of 5.51% APY for YT
So as long as your entry is below that point, you're looking at free money
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steady lads
Pendle's RWA Stack is over $1B in TVL 🏦
Infrastructur: NGI+ (Partners Group private infra fund, via Asseto), USDai (GPU financing), sAID (AI infra financing)
Equities: NVDA, PFE
Equity treasury protocols: sNET
Treasuries / T-bill stablecoins: AUSD (Agora), sUSDS (Sky), USDG (Paxos/Global Dollar Network), SGOV, cUSDO (OpenEden), aptUSD (APYX), USDat (Saturn)
Preferred stock: STRCx (xStocks), sUSDat, apyUSD
Private credit: 3Jane (consumer and crypto credit), SIERRA (blended RWA and DeFi reserves), srnOPAL (BlackOpal Brazilian card receivables)
Insurance: Re (reUSD, reUSDe)
Commodities (~$67K): XGLD (Unitas, backed by XAUt gold)
Synthetic dollars and basis with TradFi hedging: USDx and sUSDx (Axis), sUSDe (Ethena), hBTC (Syntetika BTC basis strategy, managed by Hilbert Group)
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I'm inevitable - said Thanos.
Now @pendle_fi wants to deploy their snap for the entire yield sector. Here's their plan:
+ Pendle V2 captures any yield that lives inside a token onchain
+ @boros_fi covers the rest, especially funding rates from perp markets
Detailed plan will come across 3 main assets:
+ Stablecoins (new players like USDG or USDe)
+ Tokenized RWAs (T-bills, private credit, STRC dividends, tokenized equities, and compute infra)
+ Equity perps which generate fuel for Boros
We're witnessing the big Pendle's snap.
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the kind of glow up RWA yields get on Pendle 👍
Partners Group's Next Generation Infrastructure is now live on Pendle as NGI+ (10 Dec 2026 maturity).
NGI+ tracks the NAV of a fund from @PartnersGroup ($186B AUM), which has returned 48.8% net over 2.5 years, or about 17% a year.
Here's how to earn >3x that on Pendle, with LP currently at 55.3% APY 👇
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Wall Street has had income markets for decades, with interest rate swaps alone sitting at $545T in notional.
Onchain, these equities are now getting Pendle.
"massage is not a business expense"
i'll business expense your face
He PT'd in his YT until they SY'd 😩
Pendle
This time last year, Pendle was emitting ~90k PENDLE/w.
That's an effective difference of 146.7k PENDLE/w
Which is 7.6m PENDLE/y
Or $18m per year
It is nearly time to use these retained incentives to accelerate growth.
Thank you for your attention to this matter!
Nut Man
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“Pendle has TN”
Pendle 🤝 @Morpho
The Pendle Ecosystem USDC vault continues to break new highs, with over $75M TVL now 🔥
That puts it among the 8 largest vaults on Ethereum, offering the highest base APY of the group.
All deposits go to PT markets so as the vault grows, PT loopers get deeper USDC borrow liquidity 🎡
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Every time I go into the office (6 days a week, 9am-9pm) I stealth carry several hair clippers set on zero guard just in case TN has started growing out his hair. HR has even stopped me several times from jumping behind the water fountain to give him a quick buzzcut. To some of you this is a joke. To me this is what must be done for Pendle to become inevitable. Conviction is built follicle by follicle.
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my biggest fear is that once they've hit top 50 mc 20-25x from here and permissionless pools have been added (?) and it becomes the go to uniswap of yield in crypto and they've hopped on the next 5 new narratives (all yield based of course) and all protocols collectively decide to no longer do airdrops or points programs and blackrock has tokenised the whole of tradfi...that Pendle becomes a little boring, that they forget their roots, that TN grows out his hair
that keeps me up at night
at same time though every 3 months I've had a call with the team and they lay out their plans for next 3 months and beyond and they exceed what they set out to do each time, last call for the first time they laid out their multi-year plan which I've been NDA'd up the wazoo for and uhh...it's a bit bigger than what most protocols aim for, and I think it's what crypto needs to succeed long term, and I think Pendle might just be the team to pull it off
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Next Generation Infrastructure fund (tokenized as NGI+), $1B AUM fund by Partners Group, now live on Pendle
Funds usually reserved for family offices, sovereign and hedge funds...
The big boys club we weren't invited to...until now.
Here's how you can join in the fun(d)👇
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Look at me
I will never pass as a porcini
Or a portobello
Can it be
I'm not meant to play this part
Now I see if I ever was to truly be mushself
I would break my family's heart
WHO IS THAT SHROOM I SEE
STARING STRAIGHT
BACK AT ME
WHY IS MY REFLECTION SOMEONE I DONT KNOW
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who's ready to take $NNE to $50?
the correct sNET play on @pendle_fi for anyone who doesnt want to think is the LP.
you keep the sNET rebase, you get PT exposure that redeems 1:1 at maturity, you eat swap fees from everyone speculating the rate, AND you unwind fully into NET with no IL at expiry.
IL exists when the 2 things in your pool can drift apart.
here they CANNOT. one side is sNET, the other side is PT-sNET, which gives you claim on 1 NET by maturity.
PT price can go up and down in between, and yes the pool ratio wobbles with it, but no matter what at expiry PT is 1 NET. hold to maturity and the LP is just 100% NET again, plus every fee and ethereum:0x808507121b80c02388fad14726482e061b8da827 reward that got paid into it along the way.
all of it sitting on top of 8.27M in on-chain USDG reserves and a 3.3M sleeve of tokenized NVDA AAPL GOOGL.
PT and YT are the players but when you're LP, you're the house baby.
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it's happening
also someone explain to me wtf are N and Qi?
