Following weeks of @aave integration for PTs for eUSDe & sUSDe:
🔹$814M TVL in @ethena_labs assets now sits on @pendle_fi
🔹 ~34% of Ethena's TVL on Pendle
🔹~20% of Pendle’s total $4.06B TVL
With PTs as appreciating fixed yield assets, it provides an ideal use-case for risk-adjusted leverage looping on fixed yields.
This is even more effective with highly capital efficient high LTVs:
PT-eUSDe: 91.0%
PT-sUSDe: 88.4%
Collateralise PT → Borrow stables → Buy more PT → Repeat
This is only possible at scale on @pendle_fi thanks to the robust depth of $2.3B TVL.
Literally, the foundation for fixed-rate DeFi leverage at size.
Pendle
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