Pendle USD (Midas mMEV) Pool YT APY achieved 76B%
In fact, the APR is 1379.8%
Daily 3.78%
This won't last, and as seen in the chart, there are periods where the interest rate spikes, which is why it appears that way.
However, those who entered YT from the beginning are likely to see very good returns.
Midas's mMEV claims to generate profits using various stablecoin projects across multiple chains, but the details are not well outlined.
The key point is that profits are reflected in the price twice a week, which seems to cause the interest rate to surge during that period,
and the average interest rate is listed as 12.95% on the website.
Looking at the Extra Rewards, which include Resolv, YieldFi, Elixir, HyperBeat, and HyperSwap, it seems like you can earn points from each.
It appears there are no internal points or airdrops.
Maybe they will retroactively apply them later...
The project has a TVL of $424M, but they don't seem greedy lol.
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