Update on estimated airdrop allocation on @aegis_im after buying a metric shitton of YT sYUSD (Sept) on @pendle_fi Bought YTs (Sept) for around $8k when the previous pool launched ~2 months ago Guesstimated ROI from underlying yield $4k (Which means about 50% of initial lost because IY > UY, and I did a lot of compounding) Currently my estimated airdrop allocation is 0.078% and the estimated values at different FDVs: 25M FDV $19k (2.5x from initial, 5x if including return from UY) 50M FDV $39k 100M FDV $78k 200M FDV $156k 👀 Because Token Allocation is distributed weekly holding these for a long time is usually better. 0.3% of supply is being distributed per week (0.2% to YUSD and sYUSD holders, and an additional 0.1% to DeFi users, Pendle YTs qualify for both). Points programs like this is something that is very rare (most calculate allocation based on total points at the end of a season). I also like the part where you can see your weekly allocation on @aegis_im as it makes...
Buying the right YTs on Pendle can be such a goated trade
I bought @aegis_im YT-sYUSD early, and have kept compounding underlying yield into more YTs every few days
The results so far
Current value: $4180
Current PnL: -5%
Estimated return from underlying yield: $3k
Estimated YT PnL: -30%
Current estimated airdrop allocation from points: 0.022 %
Estimated airdrop:
$5.5k at 25M FDV (ultra bearish case)
$11k at 50M FDV (bearish case - same valuation as seed round)
$22k at 100M FDV (base case)
$44k at 200M FDV (bull case)
And there's still 3 more weeks left so maybe add 30% increase to the allocation
Just Pendle things
DeFi magic
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