Yala's APR on Pendle and its derivative protocols has risen to around 20%!
Compared to last week's APR, it's almost doubled!
I initially guessed that the Yala team bribed the votes on Pendle using cash capabilities, thus increasing the APR.
I asked the Pendle and EQB OGs in the community, and they said it might be because last week's Pendle voting was chaotic, which allowed Yala to win by default.
Perhaps both reasons are valid.
But regardless, the current Pendle-related APR is more attractive than RateX.
If I were to transfer my position from RateX, I would need to worry that next week's Pendle voting might lead to a decrease in Yala's earnings (OGs predict that next week's voting won't be chaotic).
However, today is quite suitable for switching positions, especially since Ethereum's gas fees are relatively low this weekend.
One more thing, Yala's TVL surged from 150M to 200M a few days ago, and there will be a new Genesis NFT tomorrow, so the remaining time window might really be limited.
Additionally, the PT portion in Pendle LP cannot enjoy points; based on the current composition of LP, PT accounts for about 30%, so the actual points that can be obtained are only 70% of 6 times, which is about 4.2 times.
Note: The above is for information sharing only and is not investment advice; please do your own research!
Yala is giving away Genesis NFTs for free? U Card?
No, I think it’s more like "a key to a good mine"!
In Pump Pump's tweet, the use case for Yala's Genesis NFT has been detailed, focusing on yield generation and U Card.
The U Card addresses the native payment issues in Crypto, while yield generation is at the core of Yala's business.
A few days ago, during Yala's open Lite mode with a fixed 12% APR limit, many friends missed out on the allocation.
In the future, when similar good mines are opened, the Genesis NFT can definitely serve as a key to the mine. For example, it could grant priority mining rights or additional interest, such special benefits are worthy of the Genesis name!
So, the whitelist is definitely worth striving for; if you don’t have a whitelist, you can also keep an eye on next Monday's free mint, which has 1200 spots available.
Additionally, will there be extra airdrop weight for this?
Moreover, its TVL has suddenly surged again these past two days, now reaching 211M, and the anticipated two-month TGE may be moved up.
Pump Pump has already given me one whitelist spot, and today I will also be giving away four spots to friends in the community!
Note: The above is for information sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
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