Concerned about the low APY from your delta-neutral strategy on @HyperliquidX? @pendle_fi has you covered. Let's discover the performance boost of Pendle-neutral compared to a standard delta-neutral strategy, leveraging Pendle's familiar features. 1⃣The standard delta-neutral approach is the classic method we are all familiar with, similar to how @ethena_labs operates with USDe. Likewise, $HYPE's standard delta-neutral strategy enables you to earn: 🔹50% to Kinetiq Earn 8.15% APY, plus Kinetiq points 🔹50% shorting, yielding 56% APR from funding rate (~75% APY) 🔹Return: ~41.6%APY + points 2⃣What if we tweak things a bit with Pendle and call it Pendle-neutral? As before, the breakdown would be: 🔹50% allocated for shorting, yielding ~75% APY 🔹50% allocated to PT-vkHYPE with a fixed APY of 15.35% 🔹Return: ~45.2% APY This approach combines high-yield potential with strategic balance to achieve optimal returns. 3⃣While Pendle-neutral yields a higher return than standard Delta neutral, boosting APY by an additional 8.64%, it doesn't earn @kinetiq_xyz points. Pendle-neutral with LP, however, achieves this. Specifically: 🔹50% shorting, yielding ~75% APY. 🔹50% LP-vkHYPE for 21.29% APY, plus Kinetiq point 🔹Return: 48.15% APY + point Pendle not only enables users to trade yield but also allows integration with Pendle to customize strategies for optimized yield generation. With Pendle, you can achieve an impressive 48.15% APY, surpassing standard Delta-neutral by 6.58%, while still earning points from Kinetiq. However, there is another factor to consider. It's the fluctuation of the funding rate. But once @boros_fi begins to expand its support for $HYPE, we could potentially increase the yield to triple digits by optimizing the yield from the funding rate.