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.