Everyone's chasing the next best R/R opportunities to park their stablecoins in a delta-neutral setting. Everyone says their project is the best thing, but here's why @Terminal_Fi actually has the highest APR for any $USDe market: - Ethena points (last season got an 87% ROI if you farmed it via Pendle YTs) alongside Terminal Points, a.k.a. Roots. - They will be giving back the inherent sUSDe yield to YT holders, the resulting YT buying pressure is expected to give PT a significant APR boost to @pendle_fi YT holders. ------------------------------------------------- Beyond stablecoins, Terminal is setting itself up as the trading venue for tokenized assets, from equities and bonds to wrappers like iUSDe. The interesting part is that it doesn’t just stop at DeFi. They are building rails where permissionless liquidity can sit right next to fully compliant, institution-grade pools. That’s how regulated capital can flow into the same system without breaking the structure. If they pull this off, Terminal becomes the connector between everyday DeFi yield and the trillions sitting in traditional markets. ------------------------------------------------- Their pre-deposit phase is already live, with over $200M in deposits. Simply go to choose what you want to deposit (USDe, WETH or WBTC) and make it. Also, they've got a pool on @pendle_fi with maturity in December, offering 60x Terminal points and 50x Sats. ... you'd be essentially placing a bet on whether institutions will adopt Terminal and trade at scale. ------------------------------------------------- "Why institutions?" Basically, @Terminal_fi is focused on giving institutions a place to trade assets at scale, while also building a KYC-compliant solution so institutions can use the platform while staying fully regulated. FYI: The first deployment on @pendle_fi is happening before maturity in December, so things are moving fast... don't hesitate on it. :) IMO, it's the good bet to get one of the best yields on $USDe. What's your take on it, bois?