Neo Nguyen
@Neoo_Nav
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Pendie at @pendle_fi in Vietnam (TG group: https://t.co/pzKja0tVSj) Contributing @ethena_labs
Ho Chi Minh, Vietnam
Joined October 2021
vePENDLE thesis - Buffet's philosophy applies in DeFi The market has matured since the 2020–2021 bull run. Speculation-driven strategies like memecoins and airdrop farming often reward only early players, while point farming yields diminishing returns for most. So how do we
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Strata S1: Pendle LP & PT Rollover Guide Strata mainnet went live yesterday together with the launch of the new @pendle_fi pools: ✦ srUSDe-JAN15 ✦ jrUSDe-JAN15 PT & LP-pUSDe-OCT16 holders can start migrating their positions. Let's dive in 🧵👇
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Pendle PTs: The Engine Behind YBS Growth As mentioned earlier, @pendle_fi PTs do "More Than" just Narratives Indicators in DeFi We’ve seen this play out clearly across narrative cycles: - ETH Restaking, led by @eigenlayer - BTCFi driven by @Lombard_Finance and @babylonlabs_io
Pendle PTs → Predictive Indicators of DeFi Narrative Rotations PT market has undergone exponential growth ↓ + Market size grew from $600M in early 2024 to over $9B → a 15x increase + Over $5B in PTs are now used as collateral in DeFi lending protocols + Last year, $21B+ in
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19.5B Liquidated While YU Shorters Earned 270% - Boros Retrospective This weekend, we experienced one of the biggest liquidation events ever in crypto. How did Boros hold up? We saw: 🔷$12.6m in liquidations 🔷$275.74m in trading volume Rates also dropped to a record low on YU
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USDe Proof of Reserves are typically provided on a weekly basis by 3rd party independent attestors including leading firms such as Chaos Labs, Chainlink, Llama Risk and Harris & Trotter. On request from the community, we have provided a Proof of Reserves outside of the regular
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Kudos to @chaos_labs for this awareness from earlier. And as long as the mint & redeem functionality has remained operational, @ethena_labs is all fine as it should be!
This is why a price oracle ** is ** a risk oracle. Secondary market price of @ethena_labs's USDe temporarily hit 0.65 on secondary markets like @binance due to the market sell-off, following Trump's China tariff news. All of this is while USDE was overcollateralized, continuing
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Kudos to @chaos_labs for this awareness from earlier. And as long as the mint & redeem functionality has remained operational, @ethena_labs is all fine as it should be!
This is why a price oracle ** is ** a risk oracle. Secondary market price of @ethena_labs's USDe temporarily hit 0.65 on secondary markets like @binance due to the market sell-off, following Trump's China tariff news. All of this is while USDE was overcollateralized, continuing
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Complete lie Please be careful listening to people who embezzled $30M from investors and had their assets seized by law enforcement last year (link below) 🙏🏻
Rumour on the street: Ethena's delta neutral strategies blew up and now they're desperately raising capital to back $USDe. This is giving Terra Luna vibes. You lose nothing by swapping out now, if it's wrong, you can always swap back in. Don't take the risk.
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Pendle x Plasma - Week in review In just one week after expanding to @Plasma, @pendle_fi's TVL has surged to $417M, representing 8% of Plasma’s total $5.4B TVL. When it comes to yields, Pendle is in a league of its own. Data from DefiLlama and Pendle show the protocol dominates
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Pendle x Plasma - Week in review In just one week after expanding to @Plasma, @pendle_fi's TVL has surged to $417M, representing 8% of Plasma’s total $5.4B TVL. When it comes to yields, Pendle is in a league of its own. Data from DefiLlama and Pendle show the protocol dominates
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And so it begins. Let’s dance in the yield parade!
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And so it begins. Let’s dance in the yield parade!
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JupUSD, the 1st ever native stablecoin for the @JupiterExchange ecosystem built on @ethena_labs SaaS stack, marks a significant step for @solana. 📌So why JupUSD matter? 🔹Native status & utility It establishes a foundation for Solana to have its own stable money supply for
Introducing JupUSD: the native stablecoin of the @JupiterExchange ecosystem built on Ethena's Stablecoin-as-a-Service stack. JupUSD will plug into every major part of the Jupiter stack, including: - Jupiter Perps: where the ~$750m in stablecoins inside of JLP will gradually be
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Dear Mr. @BusinessInsider, this should now be: "Pendle Grows an Additional $420 Million TVL just 1 Week After Plasma Launch" Ward regards, Pendle
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JupUSD, the 1st ever native stablecoin for the @JupiterExchange ecosystem built on @ethena_labs SaaS stack, marks a significant step for @solana. 📌So why JupUSD matter? 🔹Native status & utility It establishes a foundation for Solana to have its own stable money supply for
Introducing JupUSD: the native stablecoin of the @JupiterExchange ecosystem built on Ethena's Stablecoin-as-a-Service stack. JupUSD will plug into every major part of the Jupiter stack, including: - Jupiter Perps: where the ~$750m in stablecoins inside of JLP will gradually be
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A strong start in our new home, @Plasma - almost $400M in just 6 days 🫱🏻🫲🏻 If this is what <1 week in Plasma can do, we can’t wait to see what more markets, more time, more Pencosystem integrations and more rewards will bring 😉 TRILLIONS.
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In less than two weeks since @Plasma's launch, @ethena_labs has captured around 41% of Plasma's market share. Let's explore how Ethena has achieved it👇
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The upcoming catalyst for Ethena on Plasma It's only a matter of time before Aave supports PT-sUSDe and PT-USDe, as seen on Ethereum. Once that happens, Ethena surpassing 50% of Plasma’s total TVL seems inevitable. Pendlethenaave!!!
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Currently, Pendle's arrival on Plasma has helped Ethena increase its TVL to $2.106B, accounting for 41.71% of Plasma’s total TVL - with 89.59% sitting on Aave and 10.41% on Pendle.
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