$155M TVL in a month - now that's a huge W for @Terminal_fi
The top 3 users alone poured in $127M, reshaping the landscape.
Terminal's pre-deposit holdings breakdown:
✦ USDe: 65%
✦ WETH: 25%
✦ WBTC: 10%
Dive deeper into the story below 👇
Quality mega projects like Ethena, Aave, Morpho are on @convergeonchain, and @Terminal_fi joining them would naturally bring about the right set of eyes on them
So far, most of Terminal's TVL is in USDe followed by WETH and WBTC
This could signal that users:
• find more functional DeFi composability with USDe
• more comfortable/familiar with stablecoin transactional flows
The spread of TVL depositors is top heavy - a few large depositors make up majority of the $155M TVL on Terminal
What is encouraging is the larger quantity of users (despite smaller deposits), highlighting the demand for exposure to Terminal's product / Roots
Overall, do you know what's a common link for projects on Converge?
Most of Ethena's TVL is on @pendle_fi
Similarly, most of Terminal's TVL is also on @pendle_fi
Pendle will be the de facto yield amplifier for DeFi
Converge just surpassed $1B in pre-deposit, with @pendle_fi contributing ~86% of the total liquidity 👀
• Ethereal: $744M / $847M = 87.8%
• Terminal: $123M / $152 = 80.9%
• Strata: ?????
We’re watching the largest institutional onchain rail take shape in real time. IYKYK.
Launching on Pendle not only unlocks extra yield-tility (e.g. fixed APY) for your yield-bearing assets, but also helps establish another liquidity catchment for protocols to bootstrap TVL.
Every dollar added to Pendle = dollar added to the underlying protocol too
The DeFi Sparkplug does not compete....We complete 🫶
Users know what they need to do for boosted yields, do you?
tUSDe, tETH, tBTC are all options to stack multiple points like Roots, Sats etc.
Here's a fantastic breakdown of the yield options available (YT/PT/LP) 👇
Welcome to the fastest lane to yield + points farming in DeFi.
If you're serious about farming Roots and locking in real yield, it’s time to activate next-level leverage with @pendle_fi.
Pendle now features 3 leveraged pools on @Terminal_fi , designed to accelerate point accumulation and boost your yield
Here’s how to play it smart ↓
➢ Pendle PT
• Earn 13.82% fixed APY with PT tUSDe, The Highest Ethena Fixed Yield
• Earn 4.9% fixed APY and with PT tETH
• Earn 2.2% fixed APY with PT tBTC
➢ Pendle LP
• LP tUSDe with 9.2% APY, 60x Roots + 50x Sats
• LP tETH for 1.3% APY, 30x Roots + 3x EtherFi
• LP tBTC for 0.6% APY, 15x Roots
➢ Pendle YT
• Holding 1 YT tUSDE → Earn 60X Roots + 50X Sats
• 1 USDe = 50 YT tUSDe → YT Rewards: 3000X Roots+ 2500X Sats
• Holding 1 YT tETH → Earn 30x Roots + 3x EtherFi
• 1 tETH = 130 YT tETH → YT Rewards: 3900x Roots + 390x EtherFi
• Holding 1 YT tBTC → Earn 15x Roots
• 1 tBTC = 285 YT tBTC → YT Rewards: 4275x Roots
→ If you're not farming Terminal through Pendle, you're leaving a ton of points and master yield on the table
Furthermore, Pill found a dune dashboard for @Terminal_fi pre-deposit stats from reading @splinter0n 's thread
Now you can stay up to date with pre-deposit strats using this dashboard by @outputlayer 👇
What else are you excited about for @Terminal_fi ?
@monosarin
@0xAndrewMoh
@CryptoShiro_
@poopmandefi
@eli5_defi
@marvellousdefi_
@0xCheeezzyyyy
@crypto_linn
@YashasEdu
@CipherResearchx
@splinter0n
@belizardd
@lenioneall
@FabiusDefi
@St1t3h
@the_smart_ape
@cryppinfluence
@TheDeFiPlug
@defi_mago
@0xDefiLeo
@kenodnb
@bullish_bunt
@Mars_DeFi
@nursexxl
@0xTindorr
@PenguinWeb3
@Tanaka_L2
@0xKaiFi
@cryptorinweb3
@CryptoRick98
@rektdiomedes
@Nick_Researcher
@RubiksWeb3hub
What are your thoughts?
Thanks for reading till the end, hope you enjoyed it!
Disclaimer: All opinions expressed remain objective, and are for informational and/or entertainment purposes only. NFA, as always DYOR.
I will be diving deeper and sharing more alpha along the way!
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