The @Arbitrum Yield Trading Competition has ended.
22 Dec 2023, 00:40
The @Arbitrum Yield Trading Competition has ended 🎉
Congratulations to the user "USE PNP mPENDLE" for clutching and snatching the top spot to win 10,000 ARB!
You and the other Top 10 are now certified “Best Yield Traders” of Pendle 🫡
Same news in other sources
15PendlePENDLE #94
22 Dec 2023, 00:40
As we have seen, some of these are just as "simple" as eyeing and securing a good entry for some outsized, passive returns.
Want more?
Keep an eye out for the next Season!
As we have seen, some of these are just as "simple" as eyeing and securing a good entry for some outsized, passive returns.
As we have seen, some of these are just as "simple" as eyeing and securing a good entry for some outsized, passive returns.
Want more?
Keep an eye out for the next Season!
PendlePENDLE #94
22 Dec 2023, 00:40
Factoring in the $ARB prizes too and we'll be looking at APYs in the 5-digit regions 👀
Factoring in the $ARB prizes too and we'll be looking at APYs in the 5-digit regions.
Factoring in the $ARB prizes too and we'll be looking at APYs in the 5-digit regions 👀
PendlePENDLE #94
22 Dec 2023, 00:40
A great attempt that very nearly succeeded too, since YT-aUSDC appreciated in price from 5.165% Implied APY to 5.252% within this short window.
For most of the time, aUSDC deposit APY was also higher than 5.165% APY, ping-ponging between 5%-9.83%.
A great attempt that very nearly succeeded too, since YT-aUSDC appreciated in price from 5. 165% Implied APY to 5.
A great attempt that very nearly succeeded too, since YT-aUSDC appreciated in price from 5.165% Implied APY to 5.252% within this short window.
For most of the time, aUSDC deposit APY was also higher than 5.165% APY, ping-ponging between 5%-9.83%.
PendlePENDLE #94
22 Dec 2023, 00:40
All of these in just ~12 days.
In fact, Pineapple didn't make a single trade after closing the gDAI position.
That was until 2 days ago, when they made a move to scoop up some YT-aUSDC at ~5.165% Implied APY.
Perhaps in a last attempt to vie for the top 2 spots?
All of these in just ~12 days. In fact, Pineapple didn't make a single trade after closing the gDAI position.
All of these in just ~12 days.
In fact, Pineapple didn't make a single trade after closing the gDAI position.
That was until 2 days ago, when they made a move to scoop up some YT-aUSDC at ~5.165% Implied APY.
Perhaps in a last attempt to vie for the top 2 spots?
PendlePENDLE #94
22 Dec 2023, 00:40
4️⃣ Pineapple on Pizza!
The name may be yucky, but the yield trading prowess here is certainly a sight to behold.
It's clear from their actions that this user is a yield-trading veteran, predicting and catching the highs and lows of gDAI yield in ways that only an expert could
Pineapple on Pizza. The name may be yucky, but the yield trading prowess here is certainly a sight to behold.
4️⃣ Pineapple on Pizza!
The name may be yucky, but the yield trading prowess here is certainly a sight to behold.
It's clear from their actions that this user is a yield-trading veteran, predicting and catching the highs and lows of gDAI yield in ways that only an expert could
PendlePENDLE #94
22 Dec 2023, 00:40
Historically, GRAIL-ARB underlying APY has always been higher than implied APY aside from those 2 weeks in November.
During the course of the competition, underlying APY hovered between 10-12% most of the time, which meant positive inflow for the user in this period of time.
Historically, GRAIL-ARB underlying APY has always been higher than implied APY aside from those 2 weeks in November.
Historically, GRAIL-ARB underlying APY has always been higher than implied APY aside from those 2 weeks in November.
During the course of the competition, underlying APY hovered between 10-12% most of the time, which meant positive inflow for the user in this period of time.
PendlePENDLE #94
22 Dec 2023, 00:40
Interestingly, the user has been accumulating YT-GRAIL-ARB since early October, and never stopped even during the Season.
Interestingly, the user has been accumulating YT-GRAIL-ARB since early October, and never stopped even during the Season.
PendlePENDLE #94
22 Dec 2023, 00:40
For @SiloFinance sUSDC.e, the story is the same as before - buy YT in November, HODL and claim rewards throughout the season.
This strategy was responsible for ~60% of the total earnings (+$215.35)
For @SiloFinance sUSDC. e, the story is the same as before - buy YT in November, HODL and claim rewards throughout the season.
For @SiloFinance sUSDC.e, the story is the same as before - buy YT in November, HODL and claim rewards throughout the season.
This strategy was responsible for ~60% of the total earnings (+$215.35)
PendlePENDLE #94
22 Dec 2023, 00:40
🥉0xf08
We've all heard of the saying "do not put all your eggs in one basket", and this is precisely what this user did.
Instead of "go big or go home" with just one big bet, 0xf08 spread the money around YTs, with most of them in Silo sUSDC.e and Camelot GRAIL-ARB
0xf08. We've all heard of the saying "do not put all your eggs in one basket", and this is precisely what this user did.
🥉0xf08
We've all heard of the saying "do not put all your eggs in one basket", and this is precisely what this user did.
Instead of "go big or go home" with just one big bet, 0xf08 spread the money around YTs, with most of them in Silo sUSDC.e and Camelot GRAIL-ARB
PendlePENDLE #94
22 Dec 2023, 00:40
For a brief period of time, 0x5d6 was top of the leaderboard but alas, having half as much YT-sUSDC.e meant that USE PNP mPENDLE eventually outpaced them in earnings.
Interestingly, 0x5d6 would have actually benefitted from Silo sUSDC.e slowing down or dropping 🤔
For a brief period of time, 0x5d6 was top of the leaderboard but alas, having half as much YT-sUSDC.
For a brief period of time, 0x5d6 was top of the leaderboard but alas, having half as much YT-sUSDC.e meant that USE PNP mPENDLE eventually outpaced them in earnings.
Interestingly, 0x5d6 would have actually benefitted from Silo sUSDC.e slowing down or dropping 🤔
PendlePENDLE #94
22 Dec 2023, 00:40
🥈 0x5d6
This user made a name for themselves as the OG "do nothing" yield trader.
The strategy employed here is exactly the same as what we've seen in the top trader:
1. Buy YT-sUSDC.e in November
2. HODL and collect yield
0x5d6. This user made a name for themselves as the OG "do nothing" yield trader.
🥈 0x5d6
This user made a name for themselves as the OG "do nothing" yield trader.
The strategy employed here is exactly the same as what we've seen in the top trader:
1. Buy YT-sUSDC.e in November
2. HODL and collect yield
PendlePENDLE #94
22 Dec 2023, 00:40
Also shoutout for making full use of the Leaderboard as your personal ad space.
Touché good ser, touché...
Also shoutout for making full use of the Leaderboard as your personal ad space. Touché good ser, touché.
Also shoutout for making full use of the Leaderboard as your personal ad space.
Touché good ser, touché...
PendlePENDLE #94
22 Dec 2023, 00:40
This Long Yield strategy allowed the user to enjoy and received leveraged yield exposure to sUSDC.e at "8.9%", but only paying "6.6%".
Since the beginning of the Season, their YT has accrued ~$1000 in rewards
Including the $ARB prize, that's +$12,100 with just $1,957 capital 🤯
This Long Yield strategy allowed the user to enjoy and received leveraged yield exposure to sUSDC. e at "8.
This Long Yield strategy allowed the user to enjoy and received leveraged yield exposure to sUSDC.e at "8.9%", but only paying "6.6%".
Since the beginning of the Season, their YT has accrued ~$1000 in rewards
Including the $ARB prize, that's +$12,100 with just $1,957 capital 🤯
PendlePENDLE #94
22 Dec 2023, 00:40
When the Season rolled around, they held on to their YT and simply collected the yield.
During this period of time, the Underlying APY of @SiloFinance sUSDC.e increased from ~6.2% to ~8.9% in 7DMA APY at its peak.
When the Season rolled around, they held on to their YT and simply collected the yield.
When the Season rolled around, they held on to their YT and simply collected the yield.
During this period of time, the Underlying APY of @SiloFinance sUSDC.e increased from ~6.2% to ~8.9% in 7DMA APY at its peak.
PendlePENDLE #94
22 Dec 2023, 00:40
🥇 USE PNP mPENDLE
The champ essentially made one and only one trade to clinch the top spot.
From 24-25 November, the users bought YT-sUSDC.e in two separate transactions, with an average Implied APY entry of ~6.6%.
USE PNP mPENDLE. The champ essentially made one and only one trade to clinch the top spot.
🥇 USE PNP mPENDLE
The champ essentially made one and only one trade to clinch the top spot.
From 24-25 November, the users bought YT-sUSDC.e in two separate transactions, with an average Implied APY entry of ~6.6%.