Best DeFi Summer 2.0 Trade on @SonicLabs?
>go to @ShadowOnSonic
>buy x33(Liquid staked xSHADOW)
>go to @pendle_fi
>LP your x33
♦️+271% APY, primarily in $SHADOW from the underlying yield & swap fees, 32.82% APY from $PENDLE incentives too.
♦️4x Sonic points for the $S drop.
Bull Case:
I believe this is(potentially) the best trade on Sonic, not just for the lucrative triple figure yield but I also believe that Shadow is relatively undervalued, hence why there is no delta neutral part of this play as opposed to my usual posts.
💠2nd best P/S(market cap/annualized revenue) ratio for all DeFi protocols at 0.72x.
💠FDV/annualized revenue ratio is 6.1x, also good.
💠TVL is trending upwards again after the Feb top.
💠Revenue trending upwards.
Source: @DefiLlama
Also for those without the vePENDLE for the max boosted Pendle LP yields, you can LP your x33 on @Penpiexyz_io for a 2.5x boost from their protocol owned vePENDLE.
Enjoy.
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