Pendle YT-USDat is trading at an implied yield of 8.5% ... and it looks much less FOMO-driven than it did half a month ago. In my view, with the new STRC point meta, it is becoming harder to stay sidelined from YT participation on @pendle_fi. The reason is simple: We are betting on the cost of buying YT in exchange for the possibility of earning rewards several times larger when the project announces TGE. @saturn_credit is an STRC-related project that grew to $150M in a month after launch, so maybe we already missed the chance to buy YT at a low IY. But now, YT pricing looks much more attractive. In other words, YT has become cheaper for those who want to farm Saturn Points. A quick comparison for holding YT-USDat: > 1260x leverage compared to holding USDat only > 60x compared to LPing on Curve at 20x From my personal view, STRC gives me a similar vibe to the early Ethereum LST era on Pendle. And Saturn, as the leading project in this STRC niche, might potentially deliver a 5x - 7x performance like EtherFi did.