1/ Pendle x Spark Heavyweight Collaboration Launched!🔥 $USDS Pool (Expires in August) Now Live on @pendle_fi Spark🎆 Points Season 1: Currently Pendle's Exclusive, One-of-a-Kind Event... Don't Miss Out and Cry About Losses, @Vinc2453 Will Lead You Directly to Alpha! First, Let's Understand What @sparkdotfi and Spark Point Are, Some Community Members Say Calculating Earnings into the Points Pool Requires 100+%🤔 Let's See How Big the Opportunity Really Is👀 🧵

2/ What is Spark🎆? @sparkdotfi is a sub-DAO of @SkyEcosystem (formerly MakerDAO), focusing on the DeFi stablecoin ecosystem: providing $USDS lending, savings and liquidity services ◆ Deeply bound to Sky, the creator of the decentralized stablecoin DAI and a veteran DeFi project ◆ Spark's current TVL is as high as $5.7B, and SparkLend is also firmly at the forefront of DeFi lending protocols ◆ Core business:

3/ Spark's $SPK token model! Maximum supply: 10 billion $SPK First year issuance: 1.625 billion $SPK TGE (Token Generation Event): Not yet happened🪂🧐 Previous airdrop pre-farm allocation🔍 ◆Pre-farm before May 2024: 130 million ◆May 2024 to date (12 months): 14.5 million per month, a total of 174 million ◆Aave users (12 months): 7.24 million per month, a total of 87 million

4/Total allocated in the first year: 130 million + 174 million + 87 million = 391 million Remaining unallocated: 1.625 billion - 391 million = 1.234 billion Most of the 1.2 billion unallocated $SPK may be used for the Spark Points program (pure speculation, no guarantee😛) At the moment, only @pendle_fi can mine Spark points (even naked holding $USDS does not have points😲) The fewer people participate, the more alpha it is, and you know it’s early in the game🧠

5/ What is $USDS? Is it reliable? $USDS is a decentralized stablecoin launched by @SkyEcosystem, 1:1 anchored to the US dollar How it works: Directly minted through Sky's D3M module, mortgaged with high-quality assets such as ETH and stETH, low risk Market share: Sky ecological stablecoins (including DAI and USDS) have a TVL of over $8B, making it the third largest stablecoin in terms of market share

6/ Pendle $USDS pool is online, a big opportunity🧠 @pendle_fi just launched $USDS (expiration date is August) pool, currently exclusive 25x Spark Points bonus! ◆YT-USDS: leverage (currently ~40 times) to earn points (together with 25x basic bonus, a total of 1000x!) ◆LP: SY (=$USDS) + PT-USDS in a combination of about 8:2, in addition to PT income, you can also earn pool transaction fees and $PENDLE rewards, and the SY part can also earn 25x points

7/ Implied APY (also called the "price" of YT), which reflects the leverage cost of YT, has soared from 5% yesterday to 10%, more than doubling in one day. Did smart money discover this?

8/ Newbies want to know about Pendle LP and YT? Common newbie questions? See Pendle's official Chinese beginner's guide: pendle.notion.site/Pendle-1b25...

9/ Question: What is the Keep YT mode when saving LP? See → x.com/ViNc2453/status/18950342...

10/ Q: Must LP be held until maturity? What happens if you exit before maturity? ✅You can exit at any time ✅However, PT or LP held until maturity guarantees at least principal preservation in the currency standard and zero IL If you exit before maturity, you may earn more or less depending on the current market price. You may also lose money if the holding time is too short or in extreme market conditions. You can regard it as IL But "time" is the key to PT and LP

11/ Q: How to get LP APY boost? How much vePENDLE do I need to get the boost? See → t.me/PendleFinance_CN/32/23620...

12/ A friend in our Pendle Chinese community highly praised this YT He said he wants to see Implied APY break through the 35% level…😱 Here is his analysis… DYOR! NFA I think the points plan may not be exclusive to Pendle for the entire 3 months, and there will be many new points activities in the future!

13/ Sparks x Pendle Points Tracking is super reliable👏 Pendle LP and YT's Spark Points tracking is now online, and it is updated almost in real time! No need to worry about missing or under-recording~ Want to participate in Spark🎆? You must register for the points program to be on the list, you can use my referral code: N4PHGX Or link: app.spark.fi/points/N4PHGX Don't forget this step, otherwise it will be a waste of time

14/ Summary: A large-cap points plan that takes the lead ◆Spark: Sky direct child DAO, TVL $5.7B, hardcore background ◆Pendle $USDS August pool is the "current only" S1 points: basic 25x bonus, no other place to mine except Pendle, exclusive first-mover advantage 🛟Conservative: Deposit LP, hold no IL until maturity and guarantee minimum principal preservation, current maximum 16% APY 🧠Aggressive: Buy YT on dips to enjoy exclusive leverage points, bet $SPK Potential high share allocation

15/ @sparkdotfi Only those with a solid foundation are worth going for…😌 The above is just my personal opinion, the content of the event and the time of TGE are variables YT should be regarded as a high-leverage (although it will not be liquidated) speculation of lottery tickets NFA & DYOR! The points program requires registration, ViNc referral link (or enter N4PHGX): app.spark.fi/points/N4PHGX Thank you very much🙏 $USDS pool may be the next high-yield pool comparable to USDe?