This week, Pendle brought a series of exclusive Alpha opportunities to investors. First, Sophon's PEPE pool, although slightly delayed, is expected to be launched soon, providing community members with a brand new investment option. Then, Kelp's Gain vault is also coming soon. Pendle will support Kelp's Gain vault (agETH) for point trading, which will open up additional income avenues for users. In addition, Mantle's MNT staking pool will also be added to Pendle's support list. Users can participate in MNT income trading through this staking pool and earn points called "power".
Spark deploys 25 million DAI in PT-sUSDe Morpho pool
According to data , the PT-sUSDe-24Oct2024 market recently exceeded the optimal utilization rate of 90%. In this market, PT-sUSDe is anchored to $1, which means that users will not be liquidated due to price fluctuations. In addition, borrowers migrated from the sUSDe 86% LLTV pool to the PT-sUSDe-24Oct2024 pool, resulting in a significant increase in borrowing rates.
In response, BA Labs proposed and implemented an increase in the PT pool capacity by 25 million DAI, reaching the 100 million DAI supply cap set by Maker governance.
As of now, the total supply of PT Pendle's USDe Morpho market is approximately US$99.98 million, the borrowing is approximately US$91.84 million, and the utilization rate is 91.85%.
Additional rewards for vePENDLE holders
LPs holding vePENDLE will enjoy up to 2.5 times the returns of ordinary LPs. When LPing on Pendle, users will receive income from basic income sources, swap fees, and PENDLE rewards.
While this is already above your base earnings, you can use vePENDLE to amplify your PENDLE rewards. Here are 3 options to maximize your earnings:
Hold PENDLE: APY increases to 95%
If a user's vePENDLE ownership is higher than their share of the pool liquidity, owning vePENDLE will increase the user's Pendle rewards by up to 2.5 times. Users can turn 40% APY into 95% APY through PENDLE maxi-ing.
Using Penpie: APY increased to 63%
If users do not hold PENDLE, they can increase their rewards by 2.07 times through Penpie, from 40% APY to 63%.
Using Equilibriafi: APY increased to 77%
Equilibria is another large vePENDLE holder, leveraging users’ Pendle LP tokens to generate more returns for users.
In addition to the bonus PENDLE, the Equilibriafi platform’s native tokens, EQB and xEQB, are also provided, which can increase APY from 40% to 77%.
Super Symbiotic weETH pool provides additional income for PT
Pendle's Super Symbiotic weETH pool provides additional appeal to PTs because they can earn not only base returns but also points. In contrast, YT can only earn points. This provides a more attractive return structure for PT holders.
In the normal pool, users need to invest 0.95 ETH in exchange for 1 PT-ETH. This process ensures that users can get 0.05 ETH as a fixed income at maturity. The user's additional income comes from the basic flow shared by YT holders.
However, the Symbiotic pool uses an innovative points-only system, which means that YT holders will receive points instead of direct yield distribution. Then, in addition to the fixed 0.05 ETH, the yield is reinvested into PT-ETH, giving holders a variable yield portion of the underlying asset.
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