Pendle is the ultimate yield market in DeFi – fixed yields, floating yields, leveraged yield trading, “yield-neutral” liquidity provision.
The objective of The Pendle Print is to distill the developments in DeFi yield markets into a succinct and actionable format.
⬆ ETH Fixed Yield Opportunities on Pendle
Implied fixed yields on Pendle LRT pools are ranging as high as 40% APY 😳
40% fixed APY? What caused the spike?
The Implied APY for Renzo’s ezETH pool spiked momentarily from 35% to 43% APY, due to news on their fundraising round from Binance Labs.
This guy gets it:
Separately, a16z announced $100M investment into EigenLayer as the sole investor, fueling further demand for the restaking ecosystem in general (and $EIGEN points).
Trades of the Week 🔥
Swap 120 ETH for 2,247 YT-ezETH 25-Apr-24 ($355k) @ 18x points exposure
Swap 1,000 eETH for 1,080 PT weETH 27-Jun-24 ($2.7M) @ 23% fixed APY
Swap 1,500 ETH for 1,631 PT-rsETH 27-Jun-24 ($4.2M) @ 25.5% fixed APY
New LRT Markets on Pendle
rswETH 27 Jun 2024 (Ethereum) launched this week.
The second LRT pool on Arbitrum launched last week – rsETH Pool 25 Apr 2024 (Arbitrum).
Intern Insights
Twitter Highlights
Pendle used in Kleros’ protocol treasury management
L1 Digital announces investment in Pendle.
Pendle crossed $1.5B in TVL and $2B in cumulative trading volumes.
That’s it for this issue.
Attention and capital is scarce in this market – and for that we thank you for your continuous support.
pendle.finance | Twitter | Discord
Pendle is the largest rate swap protocol for fixed yields and yield trading in DeFi. Pendle’s adoption as a DeFi primitive has been growing across protocols and institutions to generate more yield, secure fixed yields and directionally trade yield on yield-bearing DeFi assets.
Disclaimer: Nothing written in this post is intended to serve as financial advice. All content in this post serves merely for informational purposes.