Pendle Weekly Overview: BTCfi Points Dynamics, DeFiLlama High Yield Data Support and SwissBorg Launch

Original source: Pendle

In the second week of October, Pendle will share some revenue information related to the RWA field, including USDs and SKY rewards from Sky (formerly MakerDAO), Syrup USDC from Maple Finance, and sENA, etc. In addition, there are some important news that may be overlooked:

Opportunity to earn points in BTCfi

According to Pendle insiders, each user is likely to get their fair share of Babylon. After the end of Babylon Cap-2, users’ staking dominance is expected to be similar to current market share: · LBTC from Lombard Finance - 49.9% · SolvBTC.BBN from SolvProtocol - 27.6% · uniBTC from Bedrock DeFi - 12.6% · PumpBTC from PumpBTC - 8.3% After the end of Babylon Cap-2, the Babylon Points earning rate for each BTCfi protocol will remain fixed, but the total supply of LRT will be unrestricted. It is assumed that Babylon Points (and eventual airdrops) are allocated proportionally based on time and volume weights.

For example:

If you currently hold 1 uniBTC, and the total supply of uniBTC increases after Cap-2, you will receive relatively fewer Babylon points between the end of Cap-2 and the next limit increase, because you need to share Bedrock's Babylon share with more people.

From another perspective, this will be a huge advantage for Lombard LBTC, because they did not receive Babylon points in Cap-1, but will have the opportunity to receive a large number of Babylon points after Cap-2.

Whenever the supply of BTC increases, the Babylon points you receive will decrease. Therefore, having the largest BTC supply means that LBTC may be the least sensitive to supply changes.

DeFiLlama data shows BTC's highest annualized yield platform

According to DeFiLlama data, Pendle offers the highest annualized BTC yield on the market. Pendle's unique features allow users to tokenize their earnings through its platform, participate in earnings speculation or hedging, and further increase earnings through certain incentive mechanisms.

Pendle is now available on SwissBorg

SwissBorg's DeFi Thematic aims to provide users with a convenient crypto portfolio tool that focuses on the entire DeFi space, and Pendle is an important part of the portfolio. As one of the yield platforms in DeFi Thematic, Pendle provides yield tokenization capabilities, allowing users to speculate and hedge on future returns. This shows that SwissBorg regards Pendle as a core asset to help investors obtain diversified yield opportunities in the DeFi space.

Through DeFi Thematic, SwissBorg provides users with a carefully curated token portfolio that dynamically adjusts according to market conditions, covering multiple DeFi sub-sectors. Pendle was included with its innovative yield token feature, supporting the diversity and potential returns of the entire portfolio. Therefore, by investing in DeFi Thematic, SwissBorg users are able to indirectly invest in the Pendle project and benefit from the yield tokenization and future yield management features provided by Pendle.

Some good opportunities on the mainnet

• PumpBTC LP: 24.52% APY

• sUSDe LP: 18.43% APY

• USD0++ PT: 9.837% APY

• oETH LP: 11.03% APY

• ENA PT: 25.47% APY

This article comes from a contribution and does not represent the views of BlockBeats.