Pendle Intern calculates @pendle_fi YT-USDe to 48% ROI and 400% APR (even after the run-up in YT price)
YT-USDe earns 60x @ethena_labs sats
With $ENA running hard this has turned into a EXTREMELY good stablecoin play (according to a comic sans spreadsheet)
However if you want something with higher upside potential you can consider some of the USDe derivatives in the rapidly growing Ethena ecosystem
YT-tUSDe - earns 50x @ethena_labs sats + 60x @Terminal_fi points
YT-pUSDe - earns 50x @ethena_labs sats + 60x @strata_money points + 1x @etherealdex points
You are then sacrificing 20-30% of your $ENA airdrop for a "free" call option that one of the other protocols (Terminal, Strata, Ethereal) becomes a better airdrop than Ethena season 4
Why bet on one horse when you can bet on multiple at the same time?
48% ROI.
400% APR.
Seems like a pretty decent haul for Ethena Season 4, only on Pendle 🫡
So is this ENA-ugh for you, anon?
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