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)👇

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

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.

Some highlights from August: • Launched the Pendle Ecosystem USDC vault on @MorphoLabs, co-curated with @wintermute_t Armigate, allocating across selected PT markets (6.11% APY total) • Released Arbitrage with CrossEx on Boros, turning a full funding rate arbitrage strategy into a 2-click trade. • Launched on X Layer, with PT-USDG now accepted as collateral on @Aave • Kicked off the PT Looping incentives campaign, offering +2% APY for PT before leverage (10x loop = +20% APY) • $PENDLE buyback crossed 2.68M tokens, totaling $3.7M • $PENDLE emissions hit a new all-time low, down 78% since the start of the year

DeFi’s biggest dream came true, but you haven’t realized it yet. After DeFi Summer ended and the collapse of Terra in 2022, the crypto dream of high fixed yields (~15-20%) died. Since then, it's never been the same. 4 years later, things have definitely improved. New forms of yield backed by RWAs, tangible assets, and not just huge token inflation all show the positive changes in DeFi today. No longer is it a Wild West of unverified contracts and liquidity pulls. Instead, it’s become a place users can come to find competitive yields that outperform and justify the risk of using crypto vs various TradFi options. But the more things change, the more they stay the same. Bull markets turn into bear markets. Markets bottom on fear, top on euphoria. This past bear market, something’s different. We figured out the DeFi dream while things went quiet. We now have 15-25% fixed yield on @boros_fi. The dream came true, and it’s lying under everyone’s noses. The yield is sustained by structural inefficiencies in crypto funding rates. And people continue to sleep on just how much yield is left uncaptured in the growth of crypto perpetuals. They're the greatest success story of the last cycle, yet no one realized that the funding rates traders pay to each other could be turned into fixed streams of yield with the right instrument. Boros provides that. It’s why we built it. And with Arbitrage, once you’ve set it up, it takes literally 2 clicks. 2 clicks to achieve yields that outperform TradFi and most crypto staking yield options currently available. 2 clicks to unlock what builders and traders in crypto have been searching for for years. Now available to you right at your fingertips. Just set one hour aside to set up Arbitrage, and you’ll see what could be the biggest shift in DeFi in years. High fixed yields built on structural inefficiencies. Picking up the delicious pies of yield where no one bothered to look. Set up the perp spread, fix the rates with Boros, hold till maturity, and enjoy the DeFi dream come true. P.S. Use Intern’s code “BIGDK” on Boros for cheaper fees

Somewhat under the radar - you can lock in 27.67% Fixed APY for $STRC now with @xStocksFi PT-STRCx 27.67% Fixed APY, versus 12% dividend rate If you're already holding $STRC, might as well just dump it for PT-STRCx instead for DOUBLE the yield 🤷‍♂️

Pendle PT is gradually becoming a fixed-income collateral primitive on @aave The use case initially centered around Ethereum, but the same structure is now appearing across @Plasma, @monad, and @XLayerOfficial 🧵,