Pendle Tricks?! - Trying to Earn Even a Little More Interest There have been a few changes(?) to Pendle, but I haven't been able to look back on it for a while due to the shock of PerpDEX, so I'm finally posting about it now. 1. Using Limit Order Incentives - A system has been introduced where placing a Limit Order (LO) pays interest in PENDLE tokens. - If you buy a Yield Bearing Asset and place an LO, you receive additional interest. - Taking the popular APYx as an example, buying apxUSD and converting it to apyUSD gives you about 9% APY + placing an LO gives you an additional 2% APY = about 11% APY. - You secure points while the LO is in place; if the price fluctuates and PT is purchased, the interest rate is fixed at the time of the PT purchase. (However, you cannot receive points) - When placing an LO, there are no additional costs other than the initial Approve fee (gas fees are required for Cancellation) (But since PT is currently at almost 15% APY, it seems pretty good?!) Sign up for APYx 2. Minting using YT Extra Reward - Currently, Pendle offers YT Extra Yield on USDG / sNUSD - This consists of the PENDLE token and separate tokens provided by each project - If you mint and obtain PT + YT without slippage, you can earn 'a very small' additional interest through YT Reward (YT Dollar Value x Additional Interest Rate%) Pago's Shift Actually, given the timing, it feels a bit risky to deposit funds anywhere, but still, the DeFi hyenas prowling for interest... well, they are at least twisting their bodies in this way. In the case of LO, within one's holding limit, they can place duplicates infinitely, or if the underlying asset is the same, they can place LO across various places It's possible, but I plan to try it out myself to see if they actually pay interest on this. It feels a bit like a scam if they do, but right now I just have a hunch that it might be... Anyway, Pagu is an Ambassador for Pendle. #KOL