Fixed price. Fixed yield.
In times of volatility such as these, predictability (and the comfort to sleep) is king.
With stablecoin PTs offering as high as ~25% Fixed APY, and @ethena_labs PTs as high as ~12% Fixed APY (or 21% looping on @Aave), these are arguably the best r/r in the space.
@Contango_xyz If you didn't know, CCC bonds which are "super high risk junk bonds" are offering similar returns.
Bonds which are subject to high default risks from companies on the verge of collapsing.
To date, Pendle has settled $69B of fixed yield.
Zero issues. Zero defaults.
The system works, and works exactly as designed.
Ethena-linked PTs pulled >$130M over the weekends.
With ~$280M worth of @strata_money PT-pUSDe maturing later this week, we’re looking at new all-time highs in settled yield.
TL;DR
PTs are still the most resilient way to grow and preserve your wealth.
Even under stress, the system held flawlessly.
Aave PT looping is still money. 🫡
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