Here are the final APY estimates for Plasma Pendle YT as of now.
1. Converting APR to APY will yield a larger figure, but for simplicity, we will just use the current values.
2. The Airdrop APY is set at 1% for Ethena sUSDe, 3% for USDe, 2% for Maple syrupUSDT, and 5% for both sUSDai and USDai.
3. All except USDai represent profits relative to the principal, akin to mining points for free.
4. The most profitable is syrupUSDT, but if Drips are not provided, it is at a level similar to USDe.
5. Given the high expectations for USDai, accessing YT seems reasonable. However, since the underlying asset USDai is over-pegged at $1.06, please avoid PT/LP.
USDai Paragopheral (10% point bonus)
Pendle x Plasma seems pretty good...
Especially the syrupUSDT pool.
1. Plasma gives rewards to Pendle, and LP is based on the number of SY tokens, while YT gives 'more than expected'.
2. I bought 2.7M YT for $130K and it's now worth $85K...
Even if I buy it for $130K now, I'm getting it cheaper than the 3.3M YT from the market...
3. The syrupUSDT rewards from Pendle are worth $906 / Merkl XPL rewards are about $1.4K.
Hmm... I bought it at 3 AM four days ago, so this... seems pretty good.
3.89K
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