And that zero-coupon-bond-like discount is perpetually available on Pendle.
14 Apr 2023, 03:22
And that zero-coupon-bond-like discount is perpetually available on Pendle.
Buy LSD at a deep discount > Price moves towards full value > Profit upon redemption
Keep it till maturity and you're essentially guaranteed more $ETH, perfect for the 1 ETH=1 ETH folks
good thread
a bunch of us defi ppl denominated in ETH will be booking easy ass massive gains now from buying depegged / discounted LSDs over the past year and now redeeming them at par and swapping to their preferred LSD of choice