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The advantage of Pendle's YT leverage principle is: 🔹No liquidation, no liquidation
🔹Fixed cost after opening a position
YT's amplification effect comes from the larger denomination PT as the counterparty to pass on interest/points (principle of principal and interest split), so @pendle_fi does not really involve leverage. If 100,000 YTs are minted, there must be 10 PTs as counterparties at the same time, and the TVL is also more "real", which is a major difference from general loop-leverage twitter.com/wublockchain12/sta...
2024/04/24 12:19 :
Wu Blockchain that according to Morpho data, the short-term decoupling of ezETH may be caused by a series of liquidation events. At 10:34 UTC+8, user 0xaA…FB13 was liquidated 256.93 ezETH on Morpho, worth about 837,000 US dollars; during 10:37-10:40 UTC+8, user 0xB0…1d12 was liquidated a total of 702.27 ezETH on Morpho, worth about 2.29 million US dollars. app.morpho.org/market?id=0x093... twitter.com/wublockchain12/sta...
Typo, correction: 100,000 YT must exist 100,000 PT as counterparty
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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