Then, what is the expected value of Season 2 of APYx's Pendle product?! Assumptions - FDV $200M (= 6.2% APY, conservative estimate) - Pips weighted average approximately 5.8x - apyUSD YT is 2.24x (= 13/5.8) - apxUSD YT is 5.52x (= 32/5.8) apxUSD YT (Maturity 11/5) ROI 184% apyUSD YT (Maturity 11/5) ROI 98% Hmm... it will reach FDV $200M... right?! Naturally, returns decrease if TVL increases, TGE is postponed, or FDV drops. Please note that YT is a product where you earn interest + points while the principal decreases.
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