YT-tUSDe's Implied APY has ROCKETED +50% over the past week, claiming the throne of HIGHEST YIELD STABLE on @pendle_fi with >$50m TVL.
Today I'll ask the question no-one has dared to...
...
...
What in GOD'S NAME is @Terminal_fi????
👇
🪙 @ethena_labs
For one to understand Terminal, one must first understand Ethena - the FASTEST growing synthetic dollar protocol in history.
Of their $6.2b in stablecoin supply, they're Pendle's largest TVL contributor (+$3.5b supplied).
This ALONE should make you see green.
🕸️ The Opportunity
Within this interconnected web of the largest protocols from DeFi and the most influential companies in TradFi there lies an opportunity.
The opportunity for a protocol that can bring them ALL together.
That protocol is @Terminal_fi (and also Pendle aha 🫣)
🫧 Terminal as a DEX
One of DeFi's largest innovations is decentralized exchanges - contracts that allow users to trade assets without a centralized custodian.
At its core, Terminal is a DEX.
When you consider it's positioning, however, its a lot more than that.
🔃 Terminal as the Converge Liquidity Layer
Funny thing about Converge is TradFi is locked into playing by DeFi rules.
Trading on-chain? You're trading on DEXs,
Trading on @convergeonchain? You're trading on Terminal.
That's both sides of the aisle captured by ONE protocol.
Now intern's not gonna lie to you and say 15% Implied APY on a no-yield stablecoins a guaranteed punt.
He will tell you a veeeeeeeeery similar stable back in the day peaked at 100% Implied and was STILL wildly profitable.
NFA
Pendle Terminal
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