And for those who missed our latest biweekly STIP update, you can check out the thread below:

Yes, the market has spoken, and we do recognize the need to cater to this rising demand for LSDs on #Arbitrum. Stay tuned for more updates on this later this week 😉 Meanwhile, if you're on the hunt for the best farms to put your assets to work...

Last week, Pendle ranked the 2nd amongst all @Arbitrum STIP Protocols in TVL growth 🎆 As of now, Pendle Arbitrum is at $89M TVL, a $7.6M (9.5%) WoW growth in the past week, with the main growth driver being our newest addition - @SiloFinance sUSDC.e pool (+$6M TVL)

Mating call of the @SiloFinance crvUSD pool from Pendle 🐸https://t.co/tQejBvxI5K

So what do you think, friends? Are you "winning" yet?

It certainly also helps that LPs are only exposed to single-asset provision here with minimal IL considerations. Our study previously also showed that providing liquidity on Pendle most likely leads to outperformance against the underlying asset:

For LPs, this means enjoying APYs of 28.67%-59.05%: 🔹Silo deposit APY 🔹CRV incentives 🔹PT-crvUSD fixed yield 🔹Pendle swap fees 🔹PENDLE incentives 🔗https://t.co/tQejBvxI5K

3. For LPs in the crvUSD market, they are now feeding on the fruits of the recent CRV bribe on @Penpiexyz_io This is the highest APY on crvUSD you can get (with decent liquidity), according to @DefiLlama

If this keeps up, YT buyers can expect a ~50% profit by maturity👀 That's 50% profit in just 4 months, or $500 profit from $1,000 worth of capital.

This is possible since you're able to increase/leverage yield exposure through YT. As an example, a $1000 purchase of YT-crvUSD here is equivalent to generating yield from a $39,316.77 deposit in Silo (notional value).:

2. For users who long crvUSD yield here - these are the people who buy YT-crvUSD, which gives them the right to receive yield on 1 crvUSD deposited into Silo. This group is winning here since they're receiving yields of 282.9% Long Yield APY 🚀

Here, you're basically sacrificing potential upside (as with all fixed rate investments) for certainty, and the "win" here is the above-market-rate of fixed yield you're getting. For context, sDAI is only giving 5% APY (semi-fixed) at the moment, and US Treasury is at ~4.3%