not to toot my own horn but intern agrees that pendle is underrated af
i think this chalked up to the reason that the idea of a "yield market" sounds like alien language esp to the laymen, and even to many seasoned finance veterans
i mean wtf does buying and selling yield even mean?
things like lending and exchanges are more intuitive to the average user (think savings account, mortgages), something that they are in touch with everyday, but yield market is like this secret shadow giant gated behind the scenes where only the super sophisticated big investors could hope of touching.
but look deeper and you'll realize that EVERYTHIG is yield, EVERYTHING has yield.
yo mama's mortgage, yo nana's savings account, yo wife's autoloan, yo company's corporate bonds... everyone and everything has exposure to yield, which means EVERYTHING (i.e. their yield) can be traded, EVERYTHING can be Pendled.
the scale is mindboggling. there's a reason why the interest-rate swap market (again, wtf does this even mean?!!!) is the biggest financial sub-market totalling $400T in size. you may not see it, but everyone is trading it, including the country you live in.
everyone needs yield. everything has yield. and that’s exactly why Pendle feels underrated today. not because the opportunity is small, but because the idea is so big that most people haven’t wrapped their heads around it yet.
yield isn’t niche, yield is the backbone of the entire financial world.
PENDLE.
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