It’s been slightly over a month since #Arbitrum warmly welcomed Pendle as one of their own 🧡💙
In the spirit of Arbitrum season, it's a good time to reflect on our journey so far in this new homeland
In the spirit of Arbitrum season, it's a good time to reflect on our journey so far in this new homeland
Since our launch on Arbitrum, Pendle has crested several new heights, including multiple all-time-high breakthroughs in our Daily Trading Volume ($1.95M) and TVL ($34.72M) - with a substantial portion of these contributed by our Arbitrum pools
Our two Arbitrum pools, $GLP and $gDAI have amassed over $8.5M of liquidity and $7.4M of trading volumes in this span of time.
Whatever liquidity that is captured by Pendle here also flows 1:1 back to the underlying protocols @GMX_IO and @GainsNetwork_io
Whatever liquidity that is captured by Pendle here also flows 1:1 back to the underlying protocols @GMX_IO and @GainsNetwork_io
The low fees + lightning-quick transactions of #Arbitrum open up yield-trading to more users.
Through Pendle, protocols are able to harness stickier, deeper liquidity and more utility for their assets, drive up traffic and fees on Pendle, allowing all to grow synergistically
Through Pendle, protocols are able to harness stickier, deeper liquidity and more utility for their assets, drive up traffic and fees on Pendle, allowing all to grow synergistically
Together, the $GLP and $gDAI pools already command one-third of the vePENDLE votes, and the high volumes in these pools also translate to high voter’s APY for them.
vePENDLE holders currently earn ~9% APY just from casting their votes.
vePENDLE holders currently earn ~9% APY just from casting their votes.
Additionally, by providing liquidity, users will be able to earn up to 129% of boosted APY.
The case for providing liquidity on Pendle is that on top of the yield generated by the base assets, you’ll also get to stack $PENDLE incentives, fees, fixed yield on top - with zero IL
The case for providing liquidity on Pendle is that on top of the yield generated by the base assets, you’ll also get to stack $PENDLE incentives, fees, fixed yield on top - with zero IL
With the combination of yield-trading + yield-farming through liquidity provision, users have been able to capitalize on Pendle to amplify their returns, the most famous recent example being @gabavineb
But that’s just one of many on the ever-growing Pendle Honour Board, of which includes 0x20e who’s on track to score ~136% of profit off $GLP trades alone, or a cumulative profit of $640k through the #Arbitrum pools
Active trades, high fees, more liquidity - all of these value contribute to uplifting the entire Arbitrum x Pendle stack in a positive feedback cycle 🚀
Not forgetting also how this all began - with our induction into the Round Table of @CamelotDex which officially marked the rise of $PENDLE as an #Arbitrum coin.
With ~$900K of liquidity and consistently high volumes, the PENDLE/ETH pool on Camelot has been a massive success
With ~$900K of liquidity and consistently high volumes, the PENDLE/ETH pool on Camelot has been a massive success
Knights will also be pleased to learn that the farming rewards for PENDLE/ETH have been extended till 16 April, allowing you to continue earning up to ~113% in APY.
Want more? Stay tuned when Pendle joins in on the quest for the holy grail 😉
Want more? Stay tuned when Pendle joins in on the quest for the holy grail 😉
Thanks to @CelerNetwork, you can also bridge $PENDLE between our two homes in Ethereum and Arbitrum quickly, effortlessly and affordably, in just a matter of minutes
With the help of @LayerZero_Labs’ omnichain tech, we also launched the first ever cross-chain veTokenomics to support seamless cross-chain voting and reward boosting for our Arbitrum pools.
And last but not least, our most recent partnership with Bond Protocol also means we can leverage $ETH bonds to deepen our protocol-owned liquidity in Arbitrum and @CamelotDEX.
Users on the other hand will have until April 4th to acquire $PENDLE at a vested discount
Users on the other hand will have until April 4th to acquire $PENDLE at a vested discount
Pendle’s launch on Arbitrum is a microcosm of what we do best, that is nurturing, complementing the growth of various ecosystems in a mutualistic manner.
With all the necessary infrastructure in place, we’re set to support even more assets, more protocols, more ecosystems soon
With all the necessary infrastructure in place, we’re set to support even more assets, more protocols, more ecosystems soon
It’s Arbitrum season and Pendle is thrilled to be a part of it 💙
Can’t wait to see what else is in store for us in the near future.
If you wanna try your hands at mastering the art of yield trading, check out the Tweet below!
Can’t wait to see what else is in store for us in the near future.
If you wanna try your hands at mastering the art of yield trading, check out the Tweet below!
$9.5M*
Locked the intern in cram school for half a year for not knowing how to math
Locked the intern in cram school for half a year for not knowing how to math
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