Fungi Alpha (🍄 ,🍄)
@FungiAlpha
Followers
22K
Following
6K
Media
1K
Statuses
6K
They tried to bury us, they didn't know we were spores.
Researching
Joined November 2022
That wraps up today’s update – we hope you enjoyed it! If you’re in the mood, go ahead and like/RT this thread Until next time!
106
3
20
Just like $mPENDLE’s peg and market share, the most recent #PENDLERUSH campaign was also a huge success Nearly all $vlPNP up for grabs were claimed, and those who participated are being paid handsomely We’re keeping an eye out for the next Rush!:
And that concludes the 5th #PENDLERUSH, Penpies!✅ $PENDLE converters on the event successfully claimed 97% of vlPNP incentives and gained access to 65% APR for vlPNP and 55% APY on the mPENDLE liquidity pool!🍭 A heartfelt thank you for your support!🫶
22
17
26
Penpie also leads in total $vePENDLE owned, with almost 30% of the supply Talk about voting power!
1
0
2
Speaking of $mPendle, it’s almost fully at parity with plain old $PENDLE! It’s currently beating both major competitors in this area Remember, the only way to swap your $mPENDLE for $PENDLE is on @WombatExchange
1
0
3
So yea, it might be wise to: 🍄 Stake your $PNP on mainnet 🍄 Get $vlPNP 🍄 Vote on $swETH pools to get PEARLS 🍄 Earn almost 70% APR in $mPENDLE Not financial advice 😉
1
0
2
Right now, the $PNP market cap (per coingecko) is over $2.8m About half that amount is being staked on Arbitrum, but don’t fade the Ethereum mainnet APY Only $165k staked, but 67.75% APR paid out in $mPENDLE!
1
0
3
These also happen to be the largest pools in the Penpie ecosystem Combined, they hold about $8m in TVL – about 13% of the total!
1
0
2
There’s also some hype circulating around the Swell $swETH pools Voting on these pools on any chain will now earn you PEARLs! And remember folks, PEARLs = $SWELL tokens
Listen up, Penpies! We've got great news from @swellnetworkio!📰 There are juicy boosted PEARL rewards now available for $swETH pool voters on the #Penpie Bribery Market!🍬 In the new epoch, you'll get 1 PEARL for every 2.75 vlPNP votes cast on the $swETH pool!🦪 PEARL is a
1
0
3
So far, the pool has attracted almost $3m in TVL, making it one of the largest pools on the platform Must be that nice APY 😉
1
0
2
A recent part of this increase is surely due to the @SiloFinance $crvUSD pool A day after it went live on Pendle, Penpie added it as well:
Let's welcome @CurveFinance's crvUSD pool from @SiloFinance!🔥 With a total supply of over 120M, $crvUSD is an over-collateralized stablecoin that can be minted using $ETH, LSTs of $ETH & basket of stablecoins!⚒️ Deposit crvUSD on Penpie now and earn boosted $PENDLE rewards!🎁
1
0
2
If you haven’t seen, Penpie’s TVL has exceeded the $60m market for the first time! That’s up about 3x since they launched – pretty good for the current market conditions
1
0
3
Us Fungi are notoriously nerds, so we’ll start with some exciting nerd news Penpie has a new @DuneAnalytics page! If you like numbers and charts as much as we do, be sure to check it out
Our @DuneAnalytics page is live and ready for exploration!🗺 Users can now effortlessly access and analyze the metrics of Penpie on @DuneAnalytics. Dive into the data and gain insights into the Penpie ecosystem.🔍 https://t.co/mkaNykOogn
1
0
3
We hope you enjoyed the thread! If you did, we’d appreciate a good old like and retweet ⬇️
2
0
12
We’ll end this update on a sophisticated note If you’re looking to Pendle-pill anyone, or want to better understand the protocol yourself, this thread is for you Learn the ins and out of Pendle with Pendle Academy:
Education is the passport to the future, and this is even more true for Pendle and yield-trading. Starting today, you'll be able to embark on a journey of self-improvement to master the art of yield-trading, conquering yields like never before. Introducing Pendle Academy 🎓
6
2
12
Speaking of TVL, check out this clip where @gentpendle points out that RWAs are a growing part of Pendle Currently, the $sDAI and $fUSDC pools hold over $25M in TVL! He also spills some alpha on RWAs x Pendle going forward 🤫
📊 @gentpendle from @pendle_fi dives into how Pendle is using yield-bearing assets on-chain. Discover the innovation that's redefining DeFi! 📈
2
0
4
Overall, the TVL of Pendle continues its infinite climb We’re now flirting with the $200m level About a 12x move from where it entered the year
3
0
4
Arbitrum, however, has a few pools that offer even higher APYs The GRAIL-ARB pool on @CamelotDEX leads the way, with triple-digit APY potential!
1
1
4
On Pendle, opportunity is everywhere You know how the crvUSD pool yield just went from 11% to 15%? Here’s a tutorial on how you can make obscene levels of money on similar moves:
First, let's look at the deal that kickstarted all these. See that straight line there? Yup, one chad decided to ape $50,000 into longing crvUSD yield, jacking up Implied APY from 7.161% → 8.621% (+20% price increase).
1
1
3
But if you hadn't noticed, that yield has actually gone up since then Currently sitting at 15% minimum! And it’s the highest-yielding Pendle pool on mainnet:
1
0
3
Here we have @PendleIntern exploring a beauty of a strategy using the above $crvUSD pool TL;DR: 1️⃣ Pay ~3-4% borrow fees to take out $crvUSD loan 2️⃣ Make 11%+ APY on Pendle’s crvUSD pool 3️⃣ Profit 💰
Step #1 On @CurveFinance, you can borrow crvUSD with various collaterals, including LSDs like wstETH and sfrxETH. Factoring in staking yield, the borrowing costs: 💰 wstETH = 3.15% 💰 WBTC = 4.37% 💰 tBTC = 4.39% ⭐️ sfrxETH = 2.57% 💰 ETH = 4.30% https://t.co/sVOgoOQqUS
1
1
6