In 2 months, 0x719 made ~$8. 3k as a simple sDAI Pendle LP.
08 Nov 2023, 09:28
In 2 months, 0x719 made ~$8.3k as a simple sDAI Pendle LP.
While this may not seem a lot compared to other megatrades, keep in mind that this was a relatively "passive" position that required little monitoring.
Again, this was good for ~10% APY for a stablecoin 🔎
Same news in other sources
408 Nov 2023, 09:29
The quick cheatsheet summary for this is:
🔹LP on Pendle is a good way to make your assets even more productive in earning yield
🔹LP/Buy PT/Sell YT when Implied APY is high (i.e. PT is cheap, YT is exp)
🔹Sell PT/Buy YT when Implied APY is low (i.e. PT is cheap, YT is exp)
The quick cheatsheet summary for this is:. LP on Pendle is a good way to make your assets even more productive in earning yield.
The quick cheatsheet summary for this is:
🔹LP on Pendle is a good way to make your assets even more productive in earning yield
🔹LP/Buy PT/Sell YT when Implied APY is high (i.e. PT is cheap, YT is exp)
🔹Sell PT/Buy YT when Implied APY is low (i.e. PT is cheap, YT is exp)
08 Nov 2023, 09:29
Bonus: Pendle cheatsheet is also on Academy, all the neat, quick and dirty tricks you need to maximize yield 🫡
Bonus: Pendle cheatsheet is also on Academy, all the neat, quick and dirty tricks you need to maximize yield.
Bonus: Pendle cheatsheet is also on Academy, all the neat, quick and dirty tricks you need to maximize yield 🫡
https://t.co/8wO8nMazw0
08 Nov 2023, 09:28
"But hold on, it says here that this trade was a negative P&L, so how good was this really?"
Yes, but recall that YT pumps out yield overtime, but it also decays in price overtime as we approach maturity.
"But hold on, it says here that this trade was a negative P&L, so how good was this really.
"But hold on, it says here that this trade was a negative P&L, so how good was this really?"
Yes, but recall that YT pumps out yield overtime, but it also decays in price overtime as we approach maturity.
08 Nov 2023, 09:28
When 0x719 zapped into the pool, Implied APY was only at ~3.589%.
When 0x719 sold YT-sDAI, Implied APY had already risen to ~4.643%, near the ATH.
What this means is that 0x719 sold YT-sDAI when it became more expensive, in relative terms.
When 0x719 zapped into the pool, Implied APY was only at ~3. When 0x719 sold YT-sDAI, Implied APY had already risen to ~4.
When 0x719 zapped into the pool, Implied APY was only at ~3.589%.
When 0x719 sold YT-sDAI, Implied APY had already risen to ~4.643%, near the ATH.
What this means is that 0x719 sold YT-sDAI when it became more expensive, in relative terms.