- $100M in 2 weeks.
- Backed by @ethena_labs and @Securitize.
- 13.5% APY, 50x Sats, 60x Roots.
- Integrated with @pendle_fi.
🧵
II. "It's a goldmine if it's all true."
It's all about @Terminal_fi on @convergeonchain and its pre-deposit phase, where you can deposit $USDe, $wETH, or $wBTC.
So far, @Terminal_fi has gained $138M in TVL, with 67% of inflows coming through @pendle_fi.
VI. @Terminal_fi operates an AMM based on @Uniswap V3, optimized for yield-bearing assets like $sUSDe.
Instead of holding these assets directly, which leads to impermanent loss over time, @Terminal_fi uses redeemable tokens, e.g. $rUSDe by @reservoir_xyz to peg value and extract yield efficiently.
VII. "Oh, great!"
I think so, with @BlackRock backing through @Securitize and @ethena_labs providing the yield layer, while @pendle_fi tokenizes the rates.
The pieces align well together.
What do you, bois, think of @Terminal_fi?
@splinter0n @0xDefiLeo @the_smart_ape @0xCheeezzyyyy @DOLAK1NG @YashasEdu @0xAndrewMoh @eli5_defi @_SmokinTed @RubiksWeb3hub @kenodnb @lstmaximalist @PendleIntern @tn_pendle @pendle_grandma
@Terminal_fi @convergeonchain VI. @Terminal_fi operates an AMM based on @Uniswap V3, optimized for yield-bearing assets like $sUSDe.
Instead of holding these assets directly, which leads to impermanent loss over time, @Terminal_fi uses redeemable tokens to peg value and extract yield efficiently.
@Terminal_fi @convergeonchain @Uniswap VII. "Oh, great!"
I think so, with @BlackRock backing through @Securitize and @ethena_labs providing the yield layer, while @pendle_fi tokenizes the rates.
The pieces align well together.
@Terminal_fi @convergeonchain @Uniswap @BlackRock @Securitize @ethena_labs @pendle_fi I hope you've found this thread helpful.
Follow me @belizardd for more.
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