A.J. Warner
@ajwarner90
Arbitrum Everywhere. Building the future of onchain finance @offchain| Food-lover | Opinions are my own
Joined March 2011
1.2K Following 12.2K Followers
In five years @pendle_fi is going to power all mortgage REIT trading. Book it @tn_pendle
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:
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