Since the launch of $gDAI just 4 days ago, the Pendle pool has captured 1.56M $gDAI ($1.5M) worth of liquidity.
Any liquidity added here flows 1:1 down the value chain to @GainsNetwork_io 💪🏻
Any liquidity added here flows 1:1 down the value chain to @GainsNetwork_io 💪🏻
Despite the market turmoil over the past weekend, $gDAI liquidity on Pendle has remained consistent.
Pendle complements other protocols by providing extra utility and possibilities for your assets like $gDAI
More utility → More value → More stickiness 🤝
Pendle complements other protocols by providing extra utility and possibilities for your assets like $gDAI
More utility → More value → More stickiness 🤝
Currently, the Implied APY of $gDAI is at 8.89% - below the Underlying APY of 14.1%.
If you think that the Future Underlying APY will be more than the current Implied APY of 8.89%, then it's possible that YT-gDAI might just be undervalued now...
If you think that the Future Underlying APY will be more than the current Implied APY of 8.89%, then it's possible that YT-gDAI might just be undervalued now...
Bull or bear, Pendle provides the avenue for everyone to make a play based on your market stance.
Learn more about the basics of Yield Trading with YT and how you can do more with Pendle below 👇🏻
Learn more about the basics of Yield Trading with YT and how you can do more with Pendle below 👇🏻
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