The other option is to sit pretty inside the OETH pool as an LP, earning a additional fees and rewards on top native OETH yields. Same liquidity. More rewards. Stack ETH faster with OETH, now on Pendle -

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Historically, the lowest yield from OETH was ~6.61%. Assuming yield dips to 6.61%, you'd still be able outperform native OETH with YT-OETH. But again, this is assuming OETH yields won't go any lower than this.

Early birds get the worm 🐦 Some of the best opportunities are found in new pools like OETH. If you think that the Underlying APY can stay at this level, you can long yield (via YT-OETH) earn ~31% APY off this LSD of LSDs 🔥

Alternative - Provide liquidity on Pendle in these ETH pools for ~20%, which provides a mixed yield exposure (fixed + floating), while at the same time capitalize on swaps/volatility to earn fees + PENDLE rewards.

Some funky stuff going on with the ETH Staking Yield Curve, but funky could mean opportunities in the right hands... Overview Right from the get-go, the main storyline here can be split into 2 parts: 🔹Before June 2025, the Pendle market's prediction is that yield will increase to ≥4% from the current rate of 3.68%. 🔹After June 2025, yield is expected to drop ≤3.75%, possibly from expectation of yield compression as staking% catches up. After all, ETH has one of the lowest staked ratio at ~17% vs. other POS chains like AVAX with ~62% and Solana with ~71%. If you don't expect much fluctuation in the short-middle term, getting a Fixed APY above the floating yield rate offered by stETH is potentially a good move here: 🔹wstETH (Dec 2023) on Arbitrum - 4.03% 🔹wstETH (June 2024) on Arbitrum - 4.10% ⭐stETH (Dec 2024) on Ethereum - 4.16% Potential Arbitrage? One exception is the wstETH (Sep 2024) on Optimism, which is sitting at 3.66% Implied APY. If we expect this to converge upwards to the rest of the Implied APY like we see in other chains, then one potential play is: 🔹Buy YT-wstETH here 🔹Sell YT back to PT once Implied APY increases Doing so lets you earn the profit from selling YT, and at the same time get a higher-than-actual Fixed APY with stETH. Conclusion ETH staking has become synonymous with the "de-factor risk free rate of DeFi", and the term structure for ETH staking yield on Pendle represents this ETH risk-free rate up to ~5 years out at different maturities with depth. It's a wealth of information on market perception that can be used to supplement your own yield exposures.

Pendle OETH = LSD of LSD of LSDs Fastest ETH stacker in the Wild West of crypto?

Get better yields for OETH on Pendle:

The OETH pool is now open for voting, with incentives going live on Thursday 00:00 UTC. Cast your vePENDLE votes to earn swap fees and channel PENDLE incentives at