Intern has seen a LOT of hype around @0xCoinshift's YT-cUSDL and for good reason - after all, what's not to love about: 📌 3.7% underlying yield 📌 30x Shift points 📌 Exposure to one of the fastest growing stables to date The beauty of Pendle is that as YTs become consensus, the more attractive PT yields become - especially if you bring in leverage from @MorphoLabs. I mean... whose ever said no to 50% APY on stablecoins 🤔🤔🤔 Executing a PT-csUSDL loop is very simple - i think of it as a 'Circle of Yield': > Swap stables to PT-csUSDL > Borrow USDC on Morpho > Swap USDC for PT-csUSDL > Rinse and repeat To put this in perspective, let's use REAL trader example starting with $1k. > Start with $1,000 > Full loop results gives us 10,231 PT-csUSDL and a $9,000 loan. > Close loan at maturity to get back $1,231 > 23% RoI in 77 days Of course, we'll need to pay borrow costs on the loan but as long as it's lower than PT-csUSDL's implied yield it's all profit! For those that thinks this is complex, keep an eye out on @Contango_xyz whose looping automator supports multiple Pendle PTs. No PT-csUSDL for now but SURELY it comes soon hehe. NFA NLA NMA Pendiddler